Debts Recovery Tribunal Kolkata disposed of an application for withdrawal of a stay application after the parties amicably settled the dispute with the issuance of a No Dues Certificate by the respondent bank.
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Debts Recovery Tribunal-3,Kolkata Order Sheet (Continuation)
case No. SA/45l 2023 M/s. Neon Apparels & Ors. vs. IDFCFirst Bank Date of Order order with signature Signature ot Order No.03 Prcsent : Dt.25.03.2025 Sl. No.21 For Applicant : None For Oefendant: Ld. Counsel Mr. Yash Mahmia. Ld. Counsel Mr. Amar Singh INTAA/2O25 is taken up for hearing. sh Heard Ld. counsel for the respondent bank. Considered, None appears from the side of the SARFAESI applicant. Ld. Counsel for the Appticant fited I.A. No. 7Ba of 2O2S praying for withdrawal of the main S.A. The application is supported by Affidavit of the appticant Mr. Jeet Dutta. During the pendency of the S,A, the matter has been setfled with the Respondent Bank and the Respondent Bank is not going to continue with the instant proceeding and has issued a.No Dues Certificate'. Since this is an amicable setdement between the parties and the Applicant intends to withdraw the main S.A., no prejudice will be caused if the LA. is allowed without tnviting response from othe. side. Accordingly, the instant I.A. is allowed and stands disposed of being dismissed as withdrawn as settled amicably, S.A. No,45 of 2023 along with a other pending LA,s, if any, is disposed of as withdrawn, File be consigned to Record Room after observing all formalities. ( Kamal De ) Presiding Officer DRT-3, Kolkata
M/s. Neon Apparels & Ors.
IDFC First Bank
Kamal De
As recorded by the court registry
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