Debts Recovery Tribunals and Appellate Tribunals
PUNJAB AND SIND BANK vs M/s Essar Oilfield Service India Ltd on 5 August 2021
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**Debts Recovery Tribunal-III, Delhi** **RA NO. 19/2019 & MA-117/2021** **IN** **OA-522/2016** **PSB VS M/S ESSAR OILFILED SERVICES** **INDIA LTD**
05.08.2021
Item No. 07
Present: Sh. Aamir Shaikh, Ld. proxy counsel for applicant bank.
Ms. Tanvi, Ld. counsel for defendant no. 2 / review applicant.
This matter is taken up by this Tribunal through Video Conferencing at DRT, Allahabad.
2. In the present matter, one application being IA No. 1030/2021 has been filed on behalf of review applicant / defendant no. 2 for early hearing and urgently listing of IA filed vide diary no. 1006 of 2021 on 29.07.2021 in RA No. 19/2019 and IA No. 117/2021 filed in RC No. 557/2019.
3. Since, this matter is taken up today by this Tribunal, accordingly, IA No. 1030/2021 stands disposed off.
4. In the present matter, one application i.e. IA No. 1009/2021 (filed vide diary no. 1006) is filed on behalf of review applicant / defendant no. 3 for seeking withdrawal of the RA No. 19/2019 filed in OA No. 522/2016.
5. Ld. counsel for review applicant submitted that the matter has been settled between the parties and the account has also been closed. She further submitted that the applicant bank has also filed an application for withdrawal of RC No. 557/2019. Hence this IA has been filed for withdrawal of RA No. 19/2019.
6. In the light of above, IA No. 1009/2021 is hereby allowed and RA No. 19/2019 stands dismissed as withdrawn.
7. In the present matter, MA No. 117/2021 has also been filed on behalf of applicant bank praying therein to withdraw the present RC No. 557/2019.
8. In compliance of order dated 07.07.2021 of this Tribunal, Ld. Recovery Officer has filed the Report in the present case.
9. 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 26.06.2021 and as per the settlement, the CH bank settled the account for Rs. 21,34,02,630/-. It is further stated in the report that the CH bank wants to close the RC as satisfied.
10. 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 Now the RC is hereby dismissed as withdrawn in view of settlement arrived between the parties.
11. A copy of this order be sent to Ld. Recovery Officer for information and necessary action.
Now the main OA file along with RA and MA files be consigned to records.
A handwritten signature in blue ink, appearing to read "Pmk", is written over a horizontal line.
Now the dates already fixed i.e. 01.09.2021 and 17.08.2021 in RA NO. 19/2019 and MA No. 117/2021 respectively stands cancelled.
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