The Debts Recovery Tribunal allowed the bank's application to withdraw recovery proceedings (RC 570/2022) considering them closed in full satisfaction of the applicant's dues and directed the Recovery Officer to close the file.
Recovery Case No. 570/2022 in OA/115/2019 is directed to be closed and the file consigned to the record room.
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 17
Case No.MA/2/2026 IN OA/115/2019
KOTAK MAHINDRA BANK LIMITED Vs VISHAL CONSTRUCTION COMPANY
Date: 07.01.2026.
Proceedings through hybrid mode
Present:
Ms. Vidisha Kaul, 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. 570/2022 in OA/115/2019 and Learned Recovery Officer be directed to get the recovery proceedings closed in RC/570/2022 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.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur
KOTAK MAHINDRA BANK LIMITED
VISHAL CONSTRUCTION COMPANY
Vimal Gupta
As recorded by the court registry
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