This interim order discharged a stay application. The matter was disposed of on the ground that the account had been settled under the Outside The Scheme (OTS) scheme, leaving nothing outstanding. The Respondent Bank was directed to issue a No Dues Certificate within 15 days.
Direction to Respondent Bank to issue No Dues Certificate within 15 days.
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DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
SA/151/2023
M/S SANA JEWELLERS Vs JAMMU AND KASHMIR BANK LIMITED
26.05.2025 Item No.26
Present: Mr. Yogesh Kumar, Counsel for the Applicant. Mr. Vivek Verma, Counsel for respondent bank.
Counsel for the applicant states that the matter has been settled under the OTS. Counsel for the respondent bank has produced on the record copy of e-mail dated 26.05.2025 stating therein that the account has been settled in the OTS scheme and there is nothing outstanding against the borrower as on today.
In view of this, SA stands disposed of. Counsel for the bank is directed to issue no dues certificate within 15 days from today.
File be consigned to record room after due compliance.
(A S Narang) Presiding Officer DRT-I, Chandigarh
PANKAJ
M/S Sana Jewellers
Jammu And Kashmir Bank Limited
A S Narang
As recorded by the court registry
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