Idbi Bank v. Ideal Foodgrain India Pvt. Ltd.
Case brief
What is this about?
The Debts Recovery Tribunal Record Room dismissed the Applicant Bank's withdrawal of Original Application OA 16109/25. The Applicant-Bank had filed the application for withdrawal supported by an affidavit stating the parties had settled and Defendants deposited Rs. 16.35 crore towards dues.
What the court decided
GONTD. ORDER. SHEE T
PAGE NO
CASE NO.
| DATE | DESCRIPTION OF THE ORDER | REMARK |
|---|---|---|
| oA 16t22 27t03t26 |
Appticantby Shri Shuvendra Pandey, Advocate NonefortheDefendants |
|
| TheAppticant-Bankhasfited anAppticationfor withdrawal on10109/25 supported byaffidavitofMs NidhiSaxena,DGM.ltisstatedthat thepartieshave arrivedatasetttementandtheDefendantshave depositedRs.16,35,95,640/- towardsfuttandfinat setttementofdues underOTS.The AppticantBank hasfurtherpraysforwithdrawalofpresentOA. |
||
| ConsideringthesubmissionmadebytheCounselfor Appticantandthe affidavitoftheOfficeroftheBank thattheDefendantshavedepositedtheentire compromiseamountofRs.16,35,95,6401- towards futtandfinalsetttementofduesunderOTS,the presentOAstands dismissedaswithdrawn.Recordbe consignedto therecordroom. $,$' (PravasKumafSingh) Presidingofficer DRTLucknow lncharge:DRTJabatpur |
Issues for consideration
2 issues framed by the court
Whether the Original Application before the Debts Recovery Tribunal stands withdrawn upon deposit of compromise amount by the defendants.
Whether the withdrawal of the OA is maintainable given that the entire dues under OTS have been deposited.
Parties & counsel
- applicant
Applicant Bank
- respondent
Defendants
Coram
Pravas Kumar Singh
Case details
As recorded by the court registry
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