Debts Recovery Tribunals and Appellate Tribunals

CENTRAL BANK OF INDIA vs Narayan Krishi Seva Kendra on 6 May 2024

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IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD

(BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)

ORDER SHEET

[SBJ] (MA No. 02/2024) Page 1 of 2

06.05.2024

Sr. No. MA No.02/2024

Classifi

cation

No. of

Exh.

SPEAKING MINUTES IN THE ORDER DATED

12TH JANUARY, 2024

IN

MISCELLANEOUS APPLICATION No.02/2024

Central Bank of India

..Applicant

Versus

Narayan Krishi Seva Kendra

..Respondents

The matter is taken through Hybrid.

1. In this matter inadvertently the whole order is wrongly typed by the steno as “1. In this matter the learned counsel appearing for the applicant submits that the matter is closed.

He requests for withdrawal of the matter. 2. In view of the above statement made by the counsel for the applicant, I pass the following order through video conferencing.

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ORDER

A. As the matter is closed the Miscellaneous Application No.02/2024 stands disposed off. B. All interlocutory applications stands disposed off accordingly. C. Consign the file to the Record Room”. Instead of above, it should be read as follows :

1. “By this Misc. Application, the learned counsel for the applicant bank seeks permission of this Tribunal to withdraw the Recovery Certificate No. 16/2011 issued in Original Application No.26/2005 as the account is amicably settled between the parties and the respondents have paid entire settlement amount of Rs.6,75,000/- (Rupees Six Lacs Seventy-Five Thousand only) on 14th February, 2023 towards full and final settlement of the loan account and the bank has issued no dues certificate IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD) ORDER SHEET [SBJ] (MA No. 02/2024) Page 2 of 2

dated 03-03-2023 to the defendant no.1 and the applicant bank would not like to proceed further with the said Recovery Proceeding No.16/2011.

2. The applicant has made out the case for withdrawal of the Recovery Certificate as it is satisfied.

3. In view of the above, I pass the following order through Hybrid:

ORDER

A. Miscellaneous Application No. 02/2024 is allowed. B. Copy of this order be sent to the learned Recovery Officer for information. C. The Recovery Officer is directed to close the Recovery Proceedings. D. The Recovery Officer may look into the factum with the original documents if in the file, the same shall be returned to the applicant bank as per procedure. E. Consign the file to the Record Room”.

The above mentioned bold and inverted is required to be inserted in the order dated 12th January, 2024. Save and except the above, there are no other changes in the order dated 12th January, 2024. A copy of this order be placed alongwith the ordersheet dated 12th January, 2024. The parties may download the order from the official web-site.

(Vimal Gupta)

Presiding Officer

Debts Recovery Tribunal, Aurangabad

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