Order disposing of an Order Appeal as the applicant bank withdrew the petition following a settlement during pendency of recovery proceedings and receipt of partial dues.
Order Appeal (OA/366/2024) and other pending IAs disposed of as dismissed as withdrawn as settled; applicant bank granted reservation for court fee refund from Registrar.
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| Page No.- | Order Sheet( continuation) | |
|---|---|---|
| Case NO. OA | /366/2024 INDIAN OVERSEAS BANK Vs GLOBAL EXPORT CORPORATION |
|
| Date of the order |
Order with signature | Office action with date and dated signature of parties when necessary |
| 15/09/202 5 |
Ld. Advocate Mr. S. Ghosh (virtually) appears for the Applicant Bank and is pressing the withdrawal petition IA/2488/2025 by put up petition IA/2486/2025. In the above said application it was stated that the Applicant has filed an Recovery application for recovery of a sum of Rs.7,87,75,951.90/- including interest and other reliefs. During pendency of the Recovery Proceedings there has been a settlement between the parties and the Bank has received or Rs. 4.25 Crores towards full and final settlement of the dues. Hence, they do not want to proceed with the case. This application is affirmed by Mr. Digvijay Kumar Singh, the Chief Manager 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 This instant OA and any other pending IAs are disposed of in the category of dismissed as withdrawn as settled.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. Put up petition IA/2486/2025 is disposed of. (Ambuja Mohan Das) Presiding Officer |
(Sne)
Indian Overseas Bank
Ambuja Mohan Das
As recorded by the court registry
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