Debts Recovery Tribunals and Appellate Tribunals
HDFC BANK vs LII EXPORTS PVT LTD on 21 August 2021
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Debts Recovery Tribunal-III, Delhi MA NO. 06/2021 IN OA NO. 761/2016 HDFC BANK LTD VS M/S LII EXPORTS PVT TLD 21.08.2021 Item No. 09 Present: Mr. Rachit Bigghe, Ld. Counsel for applicant bank. This matter is taken up by this Tribunal through Video Conferencing.
2. In the present matter, MA No. 06/2021 has been filed on behalf of applicant bank praying therein to permit the applicant to withdraw the present RC No. 324/2019.
3. In compliance of order dated 11.01.2021 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 21.12.2020 and as per the settlement, the CH bank settled the account for Rs. 5,04,000/-. 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 Now the RC is hereby dismissed as withdrawn in view of settlement arrived between the parties.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.
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File be consigned to records. r) (R. M. Kushawaha) Presiding Officer, DRT, Allahabad Addl. Charge, DRT-III, Delhi