Punjab National Bank vs Indravadant G. Mahant & Ors. on 17 December 2025

Exh-8

IN THE DEBTS RECOVERY TRIBUNAL-II AT AHMEDABAD (Pankaj Kumar Upadhyay, Presiding Officer)

Item No.81 RA/1/2016 In SA/8/2015

17.12.2025

• Present:

**Punjab National Bank** **Vs.** **Mr. Indravadan G. Mahant & Ors.**

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Ms. Arpita Kushwaha, Ld. Proxy Counsel for the Applicants. None appeared for the Defendant.

Ld. Counsel for the Applicant has filed Withdrawal Affidavit Exh.A/07, same is taken on record.

The present RA has been filed by Applicants before this Tribunal against the order passed by this Tribunal in S.A.No.8/2015. He has also filed Withdrawal Affidavit vide Exh.A/07, mentioning therein that *the loan account of the borrower M/s. Alpmit Engineers Pvt. Ltd. has been settled under OTS and the entire settled amount of Rs.91,20,000.00p has been deposited with the Applicant Bank and the Applicant Bank has filed withdrawal Affidavit in O.A.No.1047 of 2017 which was dismissed as withdrawn vide order dated 07.07.2021. In view of the fact this review Application now become infructuous. The Applicant therefore requested this Hon'ble Tribunal to dispose this Review Application as infructuous.*

In view of the above this Tribunal is of the view that as the case is settled under OTS and the Applicant Bank requested to pass order of disposal of the case as infructuous this Review Application is deserves to be disposed of as withdrawn.

Accordingly, the present Review Application is disposed of on the basis of Withdrawal Affidavit vide Exh.A/07, with no order as to cost.

Order accordingly.

File be consigned to records.

(PANKAJ KUMAR UPADHYAY) PRESIDING OFFICER DRT-II, AHMEDABAD 17.12.2025

Sal.