APPU IMPEX vs BANK OF INDIA on 22 November 2024

**CONTD. ORDER-SHEET**

ITEM No. 87 MA/27/2024

**DEBT RECOVERY TRIBUNAL -II, AHMEDABAD**

**DESCRIPTION OF THE ORDER**

22.11.2024

Present

**APPU IMPEX Vs BANK OF INDIA**

Mr.M.A.Solanki, Id. Counsel for Applicants.

None present for Respondent Bank.

Pursis Ex.A/05 filed by Applicants is taken on record.

Heard and perused.

Applicant's Counsel submitted that the dispute involved in present MA has already been settled with Respondent Bank and Applicants have paid Rs.13.51 lakh in full and final satisfaction of respondent's claim and Respondent Bank has withdrawn Recovery Proceedings no.411/2015, which were pending before Id. Recovery Officer -I on August 09, 2024, and as the Applicants are not coming forward to withdraw the matter, he has filed pursis Ex.A/ 05 so that the above MA may be disposed-off.

In view of the above submissions of Id. Counsel for Applicants, as the matter has been settled with Respondent Bank, ***the above MA having become infructuous, deserves to be dismissed and disposed-off, with no order as to cost.***

***Order accordingly.***

File be consigned to records.

**(ANIL KUMAR GUPTA) PRESIDING OFFICER, I/c. DRT-II, AHMEDABAD**

22.11.2024