Debts Recovery Tribunals and Appellate Tribunals
PUNJAB NATIONAL BANK vs SRI KANDIMALLA NAGESWARA RAO on 28 July 2026
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IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA HON’BLE MR. JUSTICE ANIL KUMAR SRIVASTAVA CHAIRPERSON Appeal Dy. No. 1482 of 2025 (Arising out of S.A. No. 230 of 2022 in DRT- Visakhapatnam) Order No.11 28.07.2026 A.O. Punjab National Bank ……Appellant -Vs- Sri Kandimalla Nageswara Rao & Ors. … Respondents Mr. Debasish Chakrabarty, Learned Counsel for the Appellant. Mr. Nemani Srinivas, Learned Counsel for the Respondents. THE APPELLATE TRIBUNAL : I.A. No. 28 of 2026 Learned Counsel for the Appellant Mr. Debasish Chakrabarty submits that a settlement is arrived at between the Appellant as well as the Auction Purchaser and a joint petition is filed by the parties. Auction Purchasers have filed their vakalatnama which is taken on record. Learned Counsel for the Appellant Mr. Debasish Chakrabarty has also endorsed on the memo of Appeal that the Appellant is withdrawing the Appeal. Accordingly, Appeal is dismissed as withdrawn. Pending I.A.s if any, are disposed of accordingly. Interim order, if any, stands vacated. File be consigned to Record Room.
2 Order dictated, signed, dated and pronounced in open Court today. (Anil Kumar Srivastava,J) Chairperson Dated 28th July, 2026 4/tp