Yes Bank v. Shafi Mohammad
Case brief
What is this about?
The Debts Recovery Tribunal, Jaipur allowed an application seeking closure of recovery proceedings initiated under a Recovery Certificate. The court directed the Recovery Officer to close the proceedings after the loan account was restructured by the parties.
What did the court decide?
Directed the Recovery Officer to close the proceedings of Recovery Certificate No. 183/2021 and return original documents to the bank.