On withdrawal of the SARFAESI application due to full and final settlement of dues, the Single Appellate Bench dismissed the petition as withdrawn and directed the return of title deeds.
Petition dismissed as withdrawn; Bank directed to return title deeds to applicant if not required for other purpose.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
| Case No. SA | Order Sheet 327 of 2023 M/S. BAL KRISHNA SALES CORPORATION AND ORS. -VS- I BANK LIMITED |
CICI |
|---|---|---|
| Date of the Order |
Order with Signature | Office action date and da Signature Parties wh necessar |
| 22.4.2026 (Sl. No. 7) |
Ms. Ishita Ghosh. … For the Sarfaesi Applicant. Mr. Rajeev Maity, Ms. Kuheli Deb. … For the Respondent Bank. |
|
| Learned counsel for sarfaesi applicant appears and presses withdrawal petition IA 1226 of 2026. In the above said application it was stated that the applicant has filed an application being aggrieved by action of bank. During pendency of the recovery proceedings there has been a settlement between the parties and bank has received full and final settlement of the dues. Hence, they do not want to proceed with the case. This application is affirmed by the applicant and his signature is identified by Advocate-on-record. Learned advocate for applicant also prays for direction upon bank for return of title deed. In view of this, no prejudice will be caused to SA respondent if their response is dispensed with in this application. This instant SA and any other pending IAs are disposed of in the category of dismissed as withdrawn as settled. The respondent bank is directed to return the title deeds to applicant, if it is not required for other purpose. (AMBUJA MOHAN DAS) PRESIDING OFFICER ac |
2
M/S. Bal Krishna Sales Corporation And Ors.
ICI Bank Limited
Ambuj Mohan Das
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
