Debts Recovery Tribunals and Appellate Tribunals
MS Electoronics World Ors vs ALLAHABAD BANK on 25 February 2019
Citations and Judicial Treatment
Cited by
0
Decisions in the index citing it
Cites
0
Decisions referred to
In this index
0
Of the decisions it cites
Overruled / Questioned
0
No negative treatment found
Loading the citing and cited decisions…
This judgment in the centre: on the left the decisions it cites, on the right the decisions citing it. Colour is the treatment; choose a decision to open it.
Page No.
KOLKATA DEBTS RECOVERY TRIBUNAL NO. 2
ORDER SHEET
(Continuation)
Case No. \_\_\_\_\_
Vs \_\_\_\_\_
<table border="1" style="width: 100%; border-collapse: collapse;"> <thead> <tr> <th style="width: 10%; text-align: center;">Date of Order</th> <th style="width: 70%; text-align: center;">Order with Signature</th> <th style="width: 20%; text-align: center;">Office action with date and dated Signature of parties when necessary</th> </tr> </thead> <tbody> <tr> <td></td> <td> <p><b>Appeal/15/2004 M/s Electronics World & others Vs Allahabad Bank</b><br/> <b>Date : 25.02.2019</b></p> <p>Present :</p> <p>Shri P. Pal, Learned Counsel for Appellant<br/> None for Respondent Bank</p> <p>Put up petition being IA No. 40/2019 has been filed by the Appellant, praying for disposal of the matter being settled.</p> <p>The Appellant filed the present Appeal being No. 15/2004 on 22.11.2004 under Section 17 of the SARFAESI Act, praying for setting aside SARFAESI notices dated 04.09.2003 and 05.10.2004.</p> <p>Put up petition being IA No. 40/2019 has been filed by Applicant, praying for disposal of the Appeal being No. 40/2019 as settled.</p> <p>In the IA, the Appellants have stated that the loan account has been assigned by the Respondent Bank in favour of ASREC(India) Ltd during pendency of the matter. The loan account has been amicably settled for Rs. 50,00,000/- (Rupees fifty lakhs only) and delayed period interest of Rs. 1,00,000=00 (Rupees one lakhs) with ASREC(India) Ltd. and the Appellant has paid the full settled amount of Rs. 50.00 lakhs (Rupees fifty lakhs) and Rs. 1.00 lakhs (Rupees one lakhs). Therefore, the Appellant does not want to proceed further in the matter. The Appellants have prayed for disposal of the Appeal being No. 15/2004 as settled.</p> <p>In the above circumstances, there remains nothing to be adjudicated further in the matter. Hence, the Appeal being No. 15/2004 is disposed of being settled and accordingly stands disposed of. IA being No. 40/2019 also stand disposed of.</p> <p>Copy of the order be given/sent to the parties.<br/> File be consigned to Record Room.</p> </td> <td></td> </tr> </tbody> </table>
(M.S. Rao) Presiding Officer Kolkata DRT No. 2
25-02-2019