Allowed

Suvendu Pandit v. Idfc First Bank Ltd.

DRT26 Mar 2025SA/902/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the withdrawal of the stay application and dismissed the main set aside application as withdrawn following an amicable settlement between the applicant and the respondent bank, supported by a No Dues Certificate.

What did the court decide?

Allowance of I.A. No.1281/2025 for withdrawal of main S.A. No.90/2022 as settled amicably; disposal of other pending I.A.s.

Suvendu Pandit versus Idfc First Bank Ltd. — Banking and Recovery | DRT (2025)

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Debts Recovery Tribunal-3,^Kolkata Order Sheet (Continuation)

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CaseNo.SA/9O	2l^2O22 SuvinduPandit^{vs.IDFCFirstBank &Anr'}
DateofOrder	Orderwithsignature
OrderNo.04 Dt.26.03.2025 Sl.No.37	Present: ForApplicant:None ForDefendant:Ld. Counsel Mr.^AmarSingh Ld. Counsel l4r, Yash Mahmia
sh	lAl1281/2025istaken upforhearing. HeardLd. Counselforrespondentbank. Considered. None appearsfor theSAapplicant.
	Ld Counselfor theApplicantfiledI.A,No.1281of2025 prayingforwithdrawalofthemain5.A.Theapplicationis supported byAffidavitoftheapplicant Sk. Shaheb. Duringthe pendencyoftheS,A.thematter hasbeensettledwiththe RespondentBankandtheRespondentBankisnot9oin9to continuewith theinstantproceedingandhas issueda'NoDues Certificate'.Sincethis isanamicablesettlementbetweenthe partiesandtheApplicant intendstowithdrawthemain S.A.,no prejudicewillbecausediftheI.A,isallowedwithoutinviting responsefromotherside.Accordingly,theinstantI.A.is allowed and standsdisposedofbeing dismissedaswithdrawnas settledamicably.
	S.A. No.902of2022alongwith all otherpending I.A.s, any,isdisposed ofaswithdrawn. File formalities. consigned observingall
	1^{ramai oe}; Presiding Officer DRT-3,Kolkata

Suvendu Pandit v. Idfc First Bank Ltd.

Case brief

What is this about?

What did the court decide?

Suvendu Pandit v. Idfc First Bank Ltd.

Case brief

What is this about?

What did the court decide?

What the court decided

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