Disposed

Punjab National Bank v. M/S Group One and Anr.

DRT21 May 2025OA/205/2022

Case brief

AI extract

What is this about?

Debts Recovery Tribunal disposed of OA No. 205 of 2022 as withdrawn because the applicant bank settled the matter with the defendant, realized the amount, issued a No Due Certificate, and prayed for non-prosecution. Adjacent fee refund application was also disposed. Klikama returned to record room.

What did the court decide?

O.A. No. 205 of 2022 disposed as withdrawn; Applicant directed to return original title deed within 15 days.

Punjab National Bank versus M/S Group One and Anr. — Banking and Recovery | DRT (2025)

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

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caseNo.OA/20	5/2022 PunjabNational s.GroupOne Bank & Anr.
DateofOrder	orderwithsignature	ofticeactionwith
OrderNo.07 pr.21.05.2025 5!.No-26	ForApplacant:Ld. Counsel^{N. C. Kuila} ForDefendant:None lA/1,022124is taken up^forheariog HeardLd.counsel appearing for^{ApplicantEank} Consrdered. Noneappearsfromthe oftheDefendant.
SS	Ld.Counselfor theApplicant^{filedLA.No. 1022of 2024in view} of thefactthattheO.A^{whichwasfiledseeking recovery of} Rs.1,01,69,887.10/-issettled and^{has prayedfor withdrawal of} thepresentO.A. Theapplication^{is supported byaffidavit ofSrl} AshashKumar, ChiefManager^{oftheaPplicantBank.}
	Duringthe^pendencyofthe^{OA thedefendanthave} compromised and settledthe^{matterandtheApplicant Bankhas} realizedandreceivedthesettled^{amountandissuedthe'No} OuesCertificate' and^{made prayertodisposeof thematterfor} nonprosecution. Thereis no other^{impedimentifprayer isso} allowed. Accordingly.I.A.^{No.1022ot2024 isdisposedofas} withdrawnandsettledamrcably. The Applicant has alsofiledLA.No1023of^2024seeklng refundofcourtfees. Asfar as^refundof^{Courtfeeisconcerned,} hemayapproachbeforetheLd.Registrar^whowill^take appropriatedecisionin the matteras^perextant^rules.LA.No 1023of2024 isalso disposed of. TheApplicantisdirectedtoreturntheoriginal TitleDeedtothe O.A. defendants,ifitisnotalready done,within15 days^from thedate ofthis order,as^perrules. o.A.No.205of2022alongwithall^pendingI.A.s,ifany,^is disposed aswithdrawnbeing settied amicably. File beconsignedtoRecord Roomafterobserving formalrtres. V (KamalDe) PresidingOfficer DRT-3,Kolkata

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case No. OA/205/ 2022

Punjab National Bank v. M/S Group One and Anr.

Case brief

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Punjab National Bank v. M/S Group One and Anr.

Case brief

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