Withdrawal of appeal where parties settled the dues during recovery proceedings with the bank receiving Rs. 2.92 crore. Appeal dismissed as withdrawn.ordered); and disposed of pending IAs. ||
Appeal OA and other pending IAs dismissed as withdrawn; settlement of dues of Rs. 2.92 crore.
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DEBTS RECOVERY TRIBUNAL 1, KOLKATA
| Page No.- Case NO. OA IA/3463/202 |
Order Sheet( continuation) /35/2025 5 KARNATAKA BANK LIMITED Vs MS SHREE DAYAL PVT. LTD. |
TIMBER |
|---|---|---|
| Date of the order |
Order with signature | Office action with date and dated signature of parties when necessary |
| 19/12/2025 Sl. No. 15 |
Ld. Advocate, Ms. Ahana Rakshit appears for the Applicant Bank and presses the withdrawal petition, bearing application no. IA/3463/2025. In the above said application it is stated that the Applicant has filed an Recovery application for recovery of a sum of Rs.3,14,12,957.00/- 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. 2,92,00,000/- towards full and final settlement of the dues. Hence, they do not want to proceed with the case. This application is affirmed by Mr. Vikash Shah, the Chief Manager of the Bank and his signature is identified by Advocate on record. 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 This instant OA and any other pending IAs are disposed of in the category of dismissed as withdrawn as settled. IA/3462/2025 is moved which is a put up application. Since the record is put up, the IA/3462/2025 is disposed of. |
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| (Ambuja Mohan Das) Presiding Officer |
SP
Karnataka Bank Limited
MS Shree Dayal Pvt. Ltd.
Ambuja Mohan Das
As recorded by the court registry
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