Debts Recovery Tribunals and Appellate Tribunals
Union Bank of India vs MS Legends Drugs And Formulations Pvt Ltd on 16 September 2022
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ORDER SHEET
**DEBTS RECOVERY TRIBUNAL, NAGPUR**
M.A. 14/2020
**Union Bank of India Vs. M/s Legends Drugs & Formulations Pvt Ltd and ors.**
Date: 16.09.2022
I.A. No. 1702/2022
Exh. 11
Learned counsel for the applicant has filed this application (Exh.11), whereby he has sought permission to withdraw the M.A. on the ground that the loan account has been settled between the parties alongwith other connected loan accounts of M/s Leela Ventures India Pvt Ltd., M/s Endowen Pharmaceuticals & Mr. YVVS Raju; respondents have paid OTS amount of Rs.1,09,30,137/- and no dues certificate dated 31.12.2021 has been issued in their favour by the Applicant Bank. A copy of Statement of account showing zero balance against the respondents is also annexed to this application.
In that view of the matter, I.A. No.1702/2022 (Exh.11) is hereby allowed. Consequently, M.A. No.14/2020 stands disposed of as withdrawn. No order as to costs.
*Pankaj Kumar* (Pankaj Kumar) Presiding Officer DRT, NAGPUR