Debts Recovery Tribunals and Appellate Tribunals
BANK OF INDIA vs M/S SHIKHA TELECOM AND ANR on 31 July 2021
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Debts Recovery Tribunal-III, Delhi MA NO. 81/ 2021 IN OA NO. 664/2015 BOI VS M/S SHIKHA TELECOM AND ANR 31.07.2021 Item No. 09 Present: Mr. K.C. Gupta, Ld. counsel for applicant bank. This matter is taken up by this Tribunal through Video Conferencing at DRT, Allahabad.
2. In the present matter, MA No. 81/2021 has been filed on behalf of applicant bank praying therein to allow the applicant I CH bank to withdraw the present RC i.e. RC No. 05/2017 or treat the same as closed I settled.
3. In compliance of order dated 01.04.2021 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 of satisfaction on 27.11.2019 and as per the settlement, the CH bank settled the account for Rs. 11,07,000/-. 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. Now the RC is hereby dismissed as withdrawn in view of settlement arrived between the parties.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 Addi. Charge, DRT-III, Delhi