Debts Recovery Tribunals and Appellate Tribunals
Punjab National Bank Erstwhile UNITED BANK OF INDIA vs M/S Shree Salasar Polymars And Ors. on 11 December 2020
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Page No.
DEBTS RECOVERY TRIBUNAL - SILIGURI
ORDER SHEET
(Continuation)
Case No. \_\_\_\_\_
Vs \_\_\_\_\_
<table border="1" style="width: 100%; text-align: center;"> <tr> <td><b>IA/347/2020 & I.A.379/2020</b></td> </tr> </table>
<table border="1" style="width: 100%; border-collapse: collapse;"> <thead> <tr> <th style="width: 15%; text-align: center;">Date of Order</th> <th style="width: 60%; text-align: center;">In TOA/283/2017<br/>Order with Signature</th> <th style="width: 25%; text-align: center;">Office action with date and dated Signature of parties when necessary</th> </tr> </thead> </table>
<table border="1" style="width: 100%;"> <tr> <td style="width: 20%;">Dated: 11.12.2020</td> </tr> </table>
**United Bank of India** **Vs** **M/s Shree Salasar Polymers & Ors**
The matter has been conducted through Virtual Court/online.
Mr. P. Joarder, Ld. Advocate appears for the applicant bank.
Ld. Counsel for applicant bank files an IA/347/2020 for substitution of Punjab National Bank in place of United Bank of India.
The Ld. Counsel for the Applicant bank submits that as per Gazette Notification No. 133 dated 04.03.2020, the United Bank of India and Punjab National Bank are amalgamated and the United Bank of India is now known as Punjab National Bank. He further prays to replace/substitute the name of United Bank of India with Punjab National Bank as the applicant bank in the cause title of the plaint.
Heard the Ld. Counsel for the applicant bank.
IA/347/2020 filed by the applicant bank is allowed.
Ld. Counsel for the applicant bank files today another IA/379/2020 with the submission that the matter has already been settled between the parties through compromise settlement process and the defendants have paid the entire compromise amount to the bank with no dues. Applicant bank has issued 'No Due Certificate' and also praying for withdrawal of the matter as settled.
In the above circumstances, nothing remains to be adjudicated.
IA/379/2020 is allowed and the TOA/283/2017 is disposed of as withdrawn.
Copy of this order be given to both the parties.
File be consigned to the Record Room.
(D. S. Mahra) Presiding Officer DRT-Siliguri