Debts Recovery Tribunals and Appellate Tribunals
PUNJAB NATIONAL BANK vs M/S ECS PAPER LTD. AND ANR on 19 July 2021
**Debts Recovery Tribunal-III, Delhi**
**MA NO. 78/2021**
**IN**
**TA NO. 08/2005**
**PNB VS M/S ECS PAPER LTD AND ANR**
19.07.2021
Item no. 09
Present: Mr. Kamal Kishore, Ld. Counsel for applicant bank.
Mr. Shilpa Thakur, Ld. Counsel for
defendants.
Citations and Judicial Treatment
Cited by
0
Decisions in the index citing it
Cites
0
Decisions referred to
In this index
0
Of the decisions it cites
Overruled / Questioned
0
No negative treatment found
Loading the citing and cited decisions…
This judgment in the centre: on the left the decisions it cites, on the right the decisions citing it. Colour is the treatment; choose a decision to open it.
1. This matter is taken up by this Tribunal through Video Conferencing, at DRT Allahabad .
2. In the present matter, MA No. 78/2021 has been filed on behalf of applicant bank praying therein to allow the present MA; to take on record the settlement arrived at between the parties and the Recovery Certificate No. 167/2013 be ordered to have been satisfied and any proceedings against the defendant no. 2 & 3 i.e. CD no. 2 (B) and 3 in RC thereunder be directed to be withdrawn.
3. In compliance of order dated 30.03.2021 of this Tribunal, Ld. Recovery Officer has filed the Report in the present case.
4. I have gone through the Report of Ld. Recovery Officer. It is stated in the report that the CH bank filed affidavit for withdrawal of RC on 29.08.2019 and mentioned that the CH bank has received Rs. 41,10,575/- through sale of assets by RIICO. It is also stated in the affidavit that one property which was released against deposit of Rs.
14,00,000/- by the objector and final the matter was settled for Rs. 16,00,000/- The CH bank has recovered a sum of Rs. 71,10,575/-. It is further stated in the report that the CH bank wants to close the RC as satisfied.
5. In the light of above, this MA is hereby allowed and CH bank is permitted to withdraw the RC as satisfied and the RC file is closed in view of settlement arrived between the parties.
6. A copy of this order be sent to Ld. Recovery Officer for information and necessary action.
File be consigned to records.
Registry of DRT, Allahabad is directed to send the scanned copy of this order to DRT-III, Delhi for uploading the same on website of DRT-III, Delhi.
(R. M. Kushawaha) Presiding Officer, DRT, Allahabad Addl. Charge, DRT-III, Delhi