The Debts Recovery Tribunal discharged the applicant, Kotak Mahindra Bank Limited, to close recovery proceedings based on a settlement reached with the borrower.
The Recovery Officer is directed to close the proceedings of Recovery Certificate No. 317/2023.
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 25
Case No.MA/212/2025 IN OA/276/2022
KOTAK MAHINDRA BANK LIMITED Vs D AND D CONSTRUCTION AND DEVELOPERS CO
Date: 22.12.2025.
Proceedings through hybrid mode Present:
Shri Jitendra Choudhary, Counsel for the applicant
Counsel for the applicant has filed this Misc. Application in OA no. 276/2022 which was decided by this Tribunal on 01.05.2023. Counsel for the applicant submitted that during the recovery proceedings, the borrowers/ certificate debtors have approached the applicant for closure of the loan account and the matter has been settled for an amount of Rs. 22,17,033.32/-, therefore, he prayed that the recovery proceedings pending before the Ld. Recovery Officer in Recovery Certificate No. 317/2023 may kindly be closed.
Heard arguments.
The Ld. Recovery Officer is directed to close the proceedings of Recovery Certificate No. 317/2023.
Accordingly, file of Misc. Application and Recovery Certificate be consigned to record. Copy of order be uploaded on website and sent to the Ld. Recovery Officer.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur
Kotak Mahindra Bank Limited
D and D Construction and Developers Co
Vimal Gupta
As recorded by the court registry
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