Debts Recovery Tribunals and Appellate Tribunals
KOTAK MAHINDRA BANK LIMITED vs Chandrakant Bansidar Bhalekar on 29 June 2022
IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
[SBJ]
(MA No. 47/2022) Page 1 of 2
29.06.2022
Sr. No.19 M.A No.47/2022
Classifi
cation
No. of
Exh.
MISCELLANEOUS APPLICATION No.47/2022
Kotak Mahindra Bank Ltd.
..Applicant/s
Versus
Chandrakant Bansidar Bhalekar & another
..Respondents
Mr. U.N. Shete – Advocate for the applicant None for the respondents.
Due to Covid 19 situation the matter is taken through Video Conference.
1. By this Misc. Application, the learned counsel for the applicant bank seeks permission of this Tribunal to withdraw the Recovery Certificate No.140/2020 issued in Original Application No.724/2018 as the account is settled between the parties and the respondents have paid entire loan amount of as per settlement and the entire loan amount has been received by the applicant-bank and also issued No Dues Letter to the respondents and as such the loan account is closed. Nothing is to be recovered from the respondent nos.1 & 2.
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 Video Conference:
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ORDER
A. Miscellaneous Application No.47/2022 is allowed. B. The Recovery Proceeding No.140/2020 is permitted to be withdrawn.
IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD (BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD) ORDER SHEET
[SBJ] (MA No. 47/2022) Page 2 of 2
C. Copy of this order be sent to the learned Recovery Officer for information. D. The Recovery Officer is directed to close the Recovery Proceedings. E. 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. F. Consign the file to the Record Room.
(Vimal Gupta)
Presiding Officer
Debts Recovery Tribunal, Aurangabad