Debts Recovery Tribunals and Appellate Tribunals
Punjab National Bank vs Raju Gulab Shaikh on 31 May 2024
ORDER SHEET
[SBJ] (MA No.22/2024) Page 1 of 3
31.05.2024
Sr. No.
MA No. 22/2024
Classifi
cation
No. of
Exh.
MISC. APPLICATION NO. 22/2024
Punjab National Bank
..Applicant
Versus
Raju Gulab Shaikh
..Respondent
Mr. D.Y. Nandedkar – Advocate for the applicant.
None for the respondent.
The matter is taken through Hybrid.
1. The learned counsel appearing for the applicant submits that the respondents have deposited entire amount under One Time Settlement with the applicant-bank and they have received entire amount and the account is closed. He requests for disposal of the matter.
2. In view of the above statement made by the counsel for the applicant, I pass the following order.
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ORDER
A. As the account is closed and nothing remains to be paid the Miscellaneous Application No.22/2024 stands dismissed. B. Accordingly al the pending interlocutory applications stands disposed off. C. Consign the file to the Record Room.
Later on
3. After uploading the ordersheets, Mr. D.Y. Nandedkar, Advocate submits that the ordersheet is wrongly typed. This MA No.22/2024 has filed for withdrawal of Recovery Certificate No.70/2014 and return of original
ORDER SHEET [SBJ] (MA No.22/2024) Page 2 of 3
documents in Original Application No.138/2014.
4. I have heard the learned counsel for the applicant bank and perused the Miscellaneous Application alongwith documents.
5. The above order may not be read and it must be read as follows :
6. “By this Misc. Application, the learned counsel for the applicant bank seeks permission of this Tribunal to withdraw the Recovery Certificate No.70/2014 issued in Original Application No.138/2014 as the account is amicably settled between the parties and the respondents have paid entire amount of Rs.11,25,000/- (Rupees Eleven Lacs Twenty-Five Thousand only) and the bank has issued letter on 06th March, 2024 to the advocate for withdrawal RC as per settlement and the said amount has been appropriated in the loan account and as such the loan account is closed and No Objection Certificate / No Dues Certificate has been issued on 19th June, 2023.
7. The applicant has made out the case for withdrawal of the Recovery Certificate as it is satisfied.
8. In view of the above, I pass the following order:
ORDER
A. Miscellaneous Application No. 22/2024 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.”.
ORDER SHEET [SBJ] (MA No.22/2024) Page 3 of 3
F. Save and except the above, there are no other changes in the Order dated 28th May, 2024. G. The parties may download the order from the official web-site”.
(Vimal Gupta)
Presiding Officer
Debts Recovery Tribunal, Aurangabad