Debts Recovery Tribunals and Appellate Tribunals
IDBI BANK vs Kiran Minocha on 11 August 2021
IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
[SBJ] (MA No.10/2021) Page 1 of 2
11.08.2021
Sr. No.907 MA No.10/2021
Classific
ation
No. of
Exh.
MISCELLANEOUS APPLICATION No.10/2021
IDBI Bank Ltd.
..Applicants
Versus
Kiran Omprakash Minocha & others.
..Non-Applicants
Mr. D.S. Khamat – Advocate for the applicant None for the Non-Applicants.
Due to Covid 19 situation the matter is taken through Video Conference.
1. Mr. D.S. Khamat, advocate for the applicant, requested to Registry for listing the matter through video conference due to Covid 19 situation as per extent guidelines. Thus, the matter is placed through Video Conference.
2. In
this
matter
present
Miscellaneous
Application
No.10/2021 has been moved under Section 27 of the Recovery of Debts & Bankruptcy Act requesting for withdrawal of the Recovery Certificate from the Recovery Officer, DRT, Aurangabad.
3. It is submitted by the learned counsel for the applicant that the matter has been settled and the entire amount Rs.1,65,125/- (Rupees One Lac Sixty-Five Thousand One Hundred and Twenty-Five Only) has been recovered under One Time Settlement. As such, the Recovery Certificate No.30/2008 in Original Application No.51/2004
be permitted to be withdrawn.
4. Under Section 27 of the Recovery of Debts & Bankruptcy Act, this Tribunal is empowered to withdraw the Recovery Certificate. As such, since the claim of the applicant-bank has been satisfied the Recovery Certificate is withdrawn.
IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AT AURANGABAD)
ORDER SHEET
[SBJ] (MA No.10/2021) Page 2 of 2
5. In view of the above, I pass the following order through the Video Conferencing:
Citations and Judicial Treatment
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Cites
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Decisions referred to
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Overruled / Questioned
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ORDER
A. The Miscellaneous Application No.10/2021 is hereby allowed. Recovery certificate 31/2008 stands withdrawn. B. The Recovery Officer, Debts Recovery Tribunal, Aurangabad is hereby directed to close the Recovery Proceeding No.31/2008. C. File be consigned to the Record Room. Both the parties may download the order from the official web- site which will be treated as a true copy as due to COVID 19 & staff constraints, the certified copies cannot be issued as of now till further orders.
(Vimal Gupta)
Presiding Officer Debts Recovery Tribunal, Aurangabad