In a miscellaneous application, the Debts Recovery Tribunal directed the Recovery Officer to close pending recovery proceedings pursuant to a settlement between the bank and the debtor, returning documents to the bank.
Directed closure of recovery proceedings and return of documents to the Authorized Officer of the bank.
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 9
Case No. MA/100/2026 IN OA/703/2022
IDBI BANK Vs M/S ANAND CATTLE FEED
Date: 16.04.2026.
Proceedings through hybrid mode Present:
Shri Ashish Tiwari, Counsel for the Applicant
Counsel for the applicant has filed this Misc. Application in OA no. 703/2022 which was decided by this Tribunal and he submitted that the matter has been settled and closed with the applicant bank, therefore, he prayed that the recovery proceedings pending before the Ld. Recovery Officer in Recovery Certificate No. 305/2023 may kindly be closed.
Heard arguments.
The Ld. Recovery Officer is directed to close the proceedings of Recovery Certificate No. 305/2023 and Registry to return the original documents, if any, to the Authorized Officer of the applicant bank after acknowledgement of the same.
Accordingly, file of Misc. Application and Recovery Certificate be consigned to record. Copy of order be uploaded on website and sent to the Ld. Recovery Officer.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur
1 issue framed by the court
Whether recovery proceedings should be closed upon settlement between parties.
1 provisions across 1 enactments
IDBI BANK
M/S ANAND CATTLE FEED
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
