State Bank of India v. M/S Mac Electronic
Case brief
What is this about?
The Tribunal closed pending recovery proceedings following a settlement between the bank and the applicant.
What did the court decide?
The Recovery Officer was directed to close recovery proceedings under Recovery Certificate No. 51/2023 and return original documents to the bank.
What the court decided
Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 6
Case No. MA/125/2026 IN OA/41/2021
STATE BANK OF INDIA Vs M/S MAC ELECTRONIC
Date: 06.06.2026.
Present:
Ms. Saloni Agarwal, Counsel for the Applicant
Counsel for the applicant has filed this Misc. Application in OA no. 41/2021 which was decided by this Tribunal on 17.11.2022 and she submitted that the matter has been settled and closed with the applicant bank, therefore, she prayed that the recovery proceedings pending before the Ld. Recovery Officer in Recovery Certificate No. 51/2023 may kindly be closed.
Heard arguments.
The Ld. Recovery Officer is directed to close the proceedings of Recovery Certificate No. 51/2023 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.
Parties & counsel
- applicant
State Bank of India
- applicant
M/s Mac Electronic
Coram
Vimal Gupta
Case details
As recorded by the court registry
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