Debts Recovery Tribunals and Appellate Tribunals
STATE BANK OF INDIA vs Sunrise Overseas on 29 July 2019
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BEBTS RECOVERY TRIBUNAL-I CHANDIGARH
MA No.87/18 In OA No.486/18 SBI Vs Sunrise Overseas & Ors.
29.07.2019 Item No.37
Present: Shri Sadhu Ram Mittal, applicant/defendant no.5
The applicant/defendant no.5 is present in person and prays for pass over stating that his counsel is coming from Delhi and train is reaching at 12 O’clock due to which the counsel has become late. At 12.30 P.M
The counsel for the applicant/defendants appeared and stated that they have already filed one IA No.327/19 vide diary no.5915 dated 31.05.2019 and the same may be taken up.
IA No.327/19
Aforesaid application has been filed on behalf of applicants/defendants for placing on record the affidavit and the bank certificate mentioning that the account has been settled between the parties as per the compromise.
The counsel for the applicant/defendants has stated that this matter has been settled and also placed on record letter dated 03.11.2018 duly signed by Chief Manager of the bank certifying that full and final OTS amount of M/s Sunrise Overseas has been received as per OTS 2018 and there is no dues pending against the said account. I have heard the counsel for the applicant/defendants and perused the record. On the grounds mentioned in the application and averment made by the counsel for the applicant/defendants, prayer of the applicant/defendants is allowed. Accordingly, IA No.327/19 stands disposed off. In view of the above, MA No.87/18 is dismissed as withdrawn. Copy of order be given dasti to the parties thereafter file be consigned to Record Room.
(Harcharn Singh), Presiding Officer, DRT-I, Chandigarh Rajinder 29.07.2019