The Debts Recovery Tribunal, Jaipur, directed the recovery proceedings to be closed after the parties settled the dues of Rs. 41,95,269/-, despite the bank not issuing a non-dues certificate.
The Ld. Recovery Officer is directed to close the proceedings of Recovery Certificate No. 34/2022.
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 5
Case No.MA/86/2025 IN OA/452/2020
IDBI BANK Vs SHRI MAHAVEER PRASAD SAINI
Date: 26.06.2025.
Proceedings through hybrid mode
Present:
Shri Ashish Tiwari, Counsel for the Applicant
Counsel for the applicant has filed this Misc. Application in OA no. 452/2020 which was decided ex-parte by this Tribunal and he submitted that the matter has been settled with the applicant bank for Rs. 41,95,269/- and No Dues Certificate has been issued by bank, therefore, he prayed that the recovery proceedings pending before the Ld. Recovery Officer in Recovery Certificate No. 34/2022 may kindly be closed.
Heard arguments.
The Ld. Recovery Officer is directed to close the proceedings of Recovery Certificate No. 34/2022. 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
IDBI BANK
SHRI MAHAVEER PRASAD SAINI
Vimal Gupta
As recorded by the court registry
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