HDFC BANK LTD vs ROHIN LAL on 8 December 2020

Contd. Order Sheet

DEBTS RECOVERY TRIBUNAL-III, DELHI Item No.9 MA/108/2020 IN OA/130/2017 HDFC BANK LTD Vs ROH1N LAL Dated : 08.12.2020 Present — Ms. Amita Kumari, counsel alongwith Sh. Ritesh Kumar, Authorized Representative of the applicant bank. This matter is taken up by this Tribunal through Video Conferencing. Ld. counsel for the applicant bank stated that the matter has been settled with the defendants for an amount of Rs.3,68,000/- and the applicant bank has received the entire settlement amount. Accordingly, Id. counsel for the applicant bank wants to withdraw the present OA. The statement of the authorized officer of the applicant bank Mr. Ritesh Kumar, who is present today alongwith counsel on Video Conferencing has been recorded vide separate sheet, which has also been sent to the AR as well as counsel for the applicant bank through e-mail for their necessary signatures and the same shall also be sent back to this Tribunal through e-mail and the physical copy of the same shall also be filed by the applicant bank with the Registry of this Tribunal. In view of the order dated 14.11.2019 passed by the Hon'ble High Court of Delhi in W.P.(C) 414/2019 & C.M. AppI.1908/2019 (stay) titled as Neeraj Syal Vs. SBI and in W.P.(C) 3254/2019 & C.M. Appl. 14929/2019 (directions) titled as Volex Investment & Marketing Company Vs. SBI, the settlement has been recorded in the present matter. In the light of the above submission, the MA stands allowed and the applicant bank is at liberty to withdraw the Recovery Certificate. Registry is directed to release the original documents to the applicant bank, if any as per rules. A copy of the said order be also sent to the concerned Recovery Officer. File be consigned to record room. 5d- (Dharminder Singh) Presiding Officer, DRT-III, Delhi

Contd. Order Sheet

DEBTS RECOVERY TRIBUNAL-III, DELHI Item No.9 MA/108/2020 IN 0A/130/2017 HDFC BANK LTD Vs ROIIIN LAL Dated : 08.12.2020 Statement of Sh. Ritesh Kumar S/o Sh. R. R. Sharma, Age 34 years, Authorized Representative at Moti Nagar Branch of the applicant bank. I, Sh. Ritesh Kumar, Authorized Representative at Moti Nagar Branch of the applicant bank. The matter has been settled with the defendants for an amount of Rs.3,68,000/- and the applicant bank has received the entire settlement amount. Accordingly, he wants to withdraw the Recovery Certificate. That since the present matter has been settled with the defendants, therefore, the applicant bank does not want to proceed with the Recovery Certificate and seeks permission of this Tribunal to withdraw the Recovery Certificate. I'J R.O. & A.C. V- v (Dharminder Singh) Presiding Officer, DRT-III. Delhi • •