Icici Bank Limited versus Mr. Om Prakash Rankawat

¶1

Court of the Presiding Officer Debts Recovery Tribunal, Jaipur

¶2

Item No. 9

¶3

Case No. MA/88/2026 IN OA/582/2020

¶4

ICICI BANK LIMITED Vs MR. OM PRAKASH RANKAWAT

¶5

Date: 20.03.2026. Proceedings through hybrid mode

¶6

Present:

¶7

Ms. Jona Nagpal, Counsel for the Applicant

¶8

Counsel for the applicant has filed this Misc. Application in OA no. 582/2020 which was decided by this Tribunal on 06.08.2022. He submits that despite best efforts and due diligence, the Defendants are currently untraceable and have successfully evaded the service of summons/execution of the process of this Tribunal. He further submitted that at present, the Applicant has not been able to identify any further unencumbered assets or properties of the Defendants within the jurisdiction of this Tribunal or elsewhere that could be attached to satisfy the debt.

¶9

In view of the current circumstances, the applicant bank seeks to withdraw the present proceedings to save the precious judicial time of this Tribunal and to avoid further administrative costs. The applicant bank prayed that a liberty may be granted for re-initiate recovery proceedings or file afresh application against the defendants as and when any additional assets of the defendants are discovered and the whereabouts of the defendants are traced.

¶10

Heard arguments.

¶11

The Ld. Recovery Officer is directed to close the proceedings of Recovery Certificate No. 647/2022 and Registry to return the original documents, if any, to the Authorized Officer of the applicant bank after acknowledgement of the same.

¶12

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.

¶13

(Vimal Gupta) Presiding Officer

¶14

¶15

Court of the Presiding Officer Debts Recovery Tribunal, Jaipur

¶16

Debts Recovery Tribunal, Jaipur

¶17

Icici Bank Limited v. Mr. Om Prakash Rankawat

Case brief

What is this about?

What did the court decide?

Icici Bank Limited v. Mr. Om Prakash Rankawat

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Parties & counsel

Coram

Case details

Similar cases

Satya Narayan Agarwal versus L and T Housing Finance Company

Sh Khem Chand Chorotiya versus Punjab National Bank

Rekha Tahiliani versus Hdfc Bank

Ms Seema Poultry and Agriculture versus Uco Bank

Anita Jain versus L and T Housing Finance Ltd.

Icici Bank Limited versus Mohammad Ali Khan