BANK OF BARODA vs M/S CAFE XTASI AND ORS. on 16 October 2026

Debts Recovery Tribunal-Il, Delhi TAlLstl2o2S BANK OF BARODA Vs M/S CAFE XTASI AND ORS' t6.t0.2026 Item no'88 present: sh. Kusfr sharma alongwith sh. Atharua Gaur, Counsels for aPPlicant bank Matter is taken through video conferencing/ Hybrid Mode. IA no.10g4l2fi26 has been filed by the applicant bank for withdrawal of the Present TA. The Ld. Counsel for the applicant bank submitted that the representations and requests of the defendants and after multiple rounds of negotiations, the applicant bank offered a One-time Settlement Proposal and the same was duly accepted by the defendants. The one Time settlement (oTs) was sanctioned by the Applicant Bant< vide Sanction Letter dated 2g.0L.2026 under its settlement scheme titled "Rin Samadhan yojana',. In the oTS sanction letter dated 29.0L.2026, the Applicant Bank has agreed to settle the loan account bearing No' 00990400000159 for a total amount of 19,66,0001- (Rupees Nineteen Lakh And Sixty Six Thousand Rupees Only), subject to strict compliance of the terms and conditions mentioned therein. The said OTS sanction letter fufther records that the Respondent have already paid a sum of 2,66,0001- (Two Lakh sixty six Thousand Rupees) along with the consent letter, and that the balance amount of 17,00,000/- (Seventeen Lakh Rupees) is required to be paid within the time period stipulated in the OTS sanction. Subsequent to the issuance of the oTS sanction letter, the defendants have made the entire payment in terms of the OTS on 28.0t.2026 and29.0L.2026 and upon receipt of the entire settlement amount, the Applicant Bank has issued the Provisional No Dues Certificate to the defendants. He further submits that he wish to withdraw the Present OA. In view of the above submission made by the Ld. Counsel for applicant ban( IA no.109412026 is allowed. TA/15t12023 is dismissed as withdrawn. File be consigned to record. (SUSHIL KUM(R RASTOGI) PRESIDING OFFICER DRT-II, Delhi c