Disposed

Canara Bank v. M/S Variety Stores

DRT28 Jan 2025OA/138/2024

Case brief

AI extract

What is this about?

Debts Recovery Tribunal Kolkata disposed of an intervention application as settled and withdrawn. The applicant bank had recovered funds, issued a No Dues Certificate, and filed the application for withdrawal, urging disposal as the matter was amicably resolved.

What did the court decide?

I.A.Note.4586/24 disposed as withdrawn; O.A.No.138/2024 dismissed as settled; applicant directed to return original title deed within 15 days.

Canara Bank versus M/S Variety Stores — Banking and Recovery | DRT (2025)

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Debts Recovery Tribunal-3, Kolkata Order Sheet (Continuation )

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CaseNo.OAl1	38/2024
DateofOrder	Orderwithsiqnature
OrderNo.07 Dt.28.01.2025 Sl.No.26	Present: ForApplicant:Ld. CounselArya Banerjee(VirtualMode) ForDefendant:None IA14586/24 istakenupforhearing. HeardLd.counsel appearing forApplacant Bank. Considered. Noneappearsfrom thesideoftheDefendant.
	Ld. Counselfor theApplicantBankfiledLA.No.4586of2024in vaewofthe factthattheO.Awhich!^/asfiledseeking recoveryof Rs.24,36,6a3/- is settledandhasprayedforwithdrawalofthe present O.A. TheapplicationassupportedbyaffidavitofMr. UdayBhanu Banerjee, Senior!
	DuringthependencyoftheO.A.,thedefendanthave compromised andsettled the matterand the Applicant Bankhas realizedandreceivedthesettled amountandissuedthe'No DuesCertificate'andmade prayertodisposeof thematterfor nonprosecution. Thereisno otherimpedimentifprayer isso allowed. Accordingly,I.A.No.4586of2024 isdisposedofas withdrawnand settled amicably.
	TheApplicant is directedtoreturn the original TitleDeedtothe O.A.defendants,ifitis notalready done,within15daysfrom thedate ofthis order,as perrules.
	O.A.No.138of2024alongwithallpendingI.A.s,ifany,is disposed aswithdrawnbeing settled amicably, File beconsignedtoRecord Roomafterobservingallformalities.
	(KamalDe) PresidrngOfficer DRT3,Kolkata

Canara Bank v. M/S Variety Stores

Case brief

What is this about?

What did the court decide?

Canara Bank v. M/S Variety Stores

Case brief

What is this about?

What did the court decide?

What the court decided

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