Kotak Mahindra Bank Limited v. Iliyas Khan
Case brief
What is this about?
In an appeal against the Debts Recovery Tribunal Jaipur, the bank sought withdrawal of recovery proceedings and closure of the recovery case. The Presiding Officer allowed the prayer and directed the Recovery Officer to close the proceedings.
What did the court decide?
Prayer to withdraw recovery proceedings and close RC/630/2019 in full satisfaction of dues allowed; file consigned to record room.