Debts Recovery Tribunals and Appellate Tribunals
Ratikanta Kanungo vs ORISSA GRAMYA BANK on 17 December 2020
2
IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT KOLKATA
Dated this the 17th day of December, 2020
PRESENT: Dr. T. RAVI SHANKAR, HON’BLE CHAIRPERSON
Appeal No. 47 of 2020
(Arising out of S.A/88/2017 in DRT, Cuttack)
.
Ratikanta Kanungo ……..
Appellant
-Versus-
Orissa Gramya Bank
......... Respondent.
Counsel for the Appellant:: Surya Narayan Biswal Counsel for Respondent / Bank: Mr. Tuna Sahu
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O R D E R
Both parties are represented by their respective learned counsel.
Learned counsel appearing on behalf of the appellant states that there were some difficulties in paying the amount for the earlier OTS and adds that he will submit a fresh OTS proposal before the Respondent/Bank for their kind consideration.
Learned counsel for the respondent Bank states the appellant may file a fresh OTS application before the Bank and the Bank will duly consider the same.
In view of the above submissions, the following order is passed.
“The appellant may file a fresh OTS application and the Bank is directed to consider the same in accordance with law. In the event of the respondent Bank taking any coercive action at any time the appellant will be at liberty to approach the proper forum for the redressal of the same.
This appeal is disposed of accordingly. (Dictated to the Stenographer, transcribed by him, corrected, signed and pronounced by me on thisthe 17thday of December, 2020).
Sd/= (Dr. T. Ravi Shankar) Chairperson