Dismissed

Icici Bank Limited v. Ambition Agency Pvt. Ltd.

DRT25 Mar 2025OA/268/2022

Case brief

AI extract

What is this about?

Order dismissing an Original Application and connected Interim Applications in a debt recovery proceeding where the applicant bank has voluntarily withdrawn the case due to a full and final settlement between parties after partial payment. Petition for refund of court fees directed to Registrar.

What did the court decide?

Original Application IA/790/2025 and interim application IA/800/2025 dismissed as withdrawn. Petition for refund of application fee allowed via Registrar.

Icici Bank Limited versus Ambition Agency Pvt. Ltd. — Contract and Commercial Disputes | DRT (2025)

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DEBTS RECOVERY TRIBUNAL 1, KOLKATA

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Page No.-	Order Sheet( continuation)
Case NO. OA	/268/2022 ICICI BANK LIMITED Vs AMBITION AGENCY PVT LTD
Date of the order	Order with signature	Office action with date and dated signature of parties when necessary
25/03/2025	Ld. Advocates Ms. K. Deb & Mr. R. Maity appear for the Applicant Bank and presses the withdrawal petition, bearing application no. IA/790/2025. In the above said application it is stated that the Applicant has filed an Recovery application for recovery of a sum of Rs. 1,60,69,631/- including interest and other reliefs. During pendency of the Recovery Proceedings there has been a settlement between the parties and the Bank has received Rs. 49,00,000/- towards full and final settlement of the dues. Hence, they do not want to proceed with the case. This application is affirmed by Mr. Shamim Aslam, the Authorized Representative of the Bank and his signature is identified by Advocate on record. Ld. Advocate for the Applicant Bank also prays for refund of application fee. In view of this, no prejudice will be caused to the OA defendants if their response is dispensed with in this IA. This instant OA and any other pending IAs are disposed of in the category of dismissed as withdrawn as settled. The Applicant Bank is entitled for refund of Court Fee in terms of the Rules for which the applicant may move before the Registrar of this Tribunal who may take decision in accordance with rules and regulations of the subject. IA/800/2025 is moved which is a put up application. Since the record is put up, the IA/800/2025 is disposed of. (Ambuja Mohan Das) Presiding Officer

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(Sp)

Icici Bank Limited v. Ambition Agency Pvt. Ltd.

Case brief

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Icici Bank Limited v. Ambition Agency Pvt. Ltd.

Case brief

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