This Order is a short order on a miscellaneous application filed by an applicant. The court directed the recovery officer to close pending recovery proceedings after a settlement was reached. The case does not elaborate on the principles involved.
Directing the recovery officer to close the proceedings under Recovery Certificate No. 476/2021.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 15
Case No.MA/213/2025 IN OA/1265/2019
ICICI BANK LIMITED Vs PRAKASH CHANDRA SONI
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. 1265/2019 which was decided by this Tribunal on 07.12.2021. 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. 12,17,050/-, therefore, he prayed that the recovery proceedings pending before the Ld. Recovery Officer in Recovery Certificate No. 476/2021 may kindly be closed.
Heard arguments.
The Ld. Recovery Officer is directed to close the proceedings of Recovery Certificate No. 476/2021.
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
1 issue framed by the court
Whether the recovery proceedings in the Diary No. DBRC/213/2025 should be closed in view of the settlement of the debt.
ICICI BANK LIMITED
PRAKASH CHANDRA SONI
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
