SYNDICATE BANK vs M/S.YOGRAJ INFRASTRUCTURE LTD. on 5 August 2026

Debts RecovetY Tribunal-Il, Delhi Tvasgl20.22 SYNDICATE BANK Vs M/S.YOGRAI INFRASTRUCTURE LTD. 05.08.2026 Item no.19 Present: Ms. Kirti Barthwal, Prory Counsel for Mr' Br'tjesh Kumar Tamber, Counsel for applicant bank Mr. Vipan Datta, Counsel for defendant no'2 & 3 None for defendant no.l Matter is taken through Video Conferencing/ Hybrid Mode' IA no.2254 t2O26 has been filed by the applicant bank for withdrawal of the Present TA. TheProryCounselfortheapplicantbanksubmittedthatthe subject loan account in the present Transfer Application, the defendant have duly made the requisite payment towards the loan account, and the said account now stands settled' In the view of the aforesaid settlement, the applicant bank seeks the leave of this Hon'ble Tribunal to withdraw the instant Transfer Application. Hence, the applicant bank wishes to withdraw the present TA. The Ld. Counset for the applicant bank has also requested for refund of the couft fees. It is submitted that the matter nis Oeen settled and therefore, the coutt fees may be refunded as per provisions contained in the rules' In this regard the ioritt" Supreme Court has passed the order in SLP(c) uifil.zn/on datd 28.01.2025 titld as Jage Ram vs vd xaii a Orc. The Honble Supreme Couft has considered the matter and has held that: Para 6- The refund of court fres is permisible only it the matter is referd to Arbitration, Conciliation, juaiciat *tttemenf inctuding through Lok Adalat or -mdiation for sttlement and the cas is dsidd in terms of such a settlement and not otherwis' Pan 7- In the ase at hand, the setdement in terms of which the s*ond appat was duidd by the High Court is not on reference to any of the above authorities/fora rather it was an amiable sttlement out of the court. Para 8- Arcordingty, we are of the opinion that the petitioner is not entittd to refund of.the court fes 9\\

and the High Court has not committed any eror or ittegality in refusing such a prayer'" In view of the above, it is clear that if the matter has been settled ort of tn" court without any reference from the court or Tribunal' in" iurrt fees cannot be refunded. Therefore, the prayer of the uppfi.rnt bank for refund of court fees is hereby declined' In view of the above submission made by the Ld' Counsel for applicant bank, lA no.225412026 is allowed ' TN85912022 is dismissed as withdrawn. File be consigned to record room. \ 4'X\ (susHIL KL'tr4AR RASTOGI) PRESIDING OFFICER DRT-II, DCIhi