Axis Bank v. Ritesh Rathi
Case brief
What is this about?
The Presiding Officer of the Debts Recovery Tribunal, Jaipur, allowed the applicant bank's application to withdraw recovery proceedings in RC/91/2020 and directed closure of those proceedings.
What did the court decide?
Recovery proceedings in RC/91/2020 are to be closed and the file consigned to the record room.
What the court decided
Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 9
Case No.MA/105/2026 IN OA/1071/2018
AXIS BANK Vs RITESH RATHI
Date: 28.04.2026.
Proceedings through hybrid mode:
Present:
Ms. Jona Nagpal, Counsel for the applicant
This MA has been filed by the applicant with a prayer to withdraw recovery proceedings being initiated so far with Recovery Case no. 91/2020 in OA/1071/2018 and Learned Recovery Officer be directed to get the recovery proceedings closed in RC/91/2020 in complete/full satisfaction of dues of the applicant bank.
Prayer stands allowed.
Accordingly, MA stands disposed of as allowed and Recovery Officer is directed to close the recovery proceedings in the above mentioned RC and consign the file to record room.
File be consigned to record as per rules. Copy of order be uploaded on website.
Parties & counsel
- appellant
AXIS BANK
- respondent
RITESH RATHI
Coram
Vimal Gupta
Case details
As recorded by the court registry
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