SANJANA DULANI vs HDFC BANK on 24 September 2021

IN THE DEBTS RECcOVERY TRIBUNAL, JABALPUR Present: A.H. Khan, Presiding Officer Date of order 24-09-2021 M.A.No.27 of 2020 (SI.No.02 Addl.List) Present: Counsel for the applicant Mr.N.Tiwari Counsel for the bank Mr.P.Chaturvedi The present MA has been filed for restoration of SA No.352/18 which was dismissed in default by this Tribunal vide order dtd.06-12-19. During the pendency of the case applicant has moved an application on 14-09-21 for withdrawal of the case. Heard Counsel for the parties. Perusal of application for withdrawal reveals that in terms of OTS sanction dtd.20-08-21, applicants had deposited the entire settlement amount and bank had issued letter dtd.01-09-21 confirming receipt of full settlement amount. It is stated int he letter dtd.20-08-21 that bank shall issue NOC and release title deed of the property and hand over physical possession of the property as per procedure within 15 working days on passing withdrawal order by DRT, Jabalpur. In view of above, as the matter has been compromised and applicants have deposited the entire OTS amount, the present MA stands dismissed as withdrawn. Bank is directed to issue NOC, release the title deed of the property, if not already done, and hand over the physical possession of the property within 1q5 working days as per term No.4 of the letter dtd.20-08-21. File be consigned to record room. (A.H. Khan) Presiding Officer Addl.Charge DRT Jabalpur