Axis Bank v. Rajguru Sharma
Case brief
What is this about?
A National Lok Adalat award recording a compromise settlement between Axis Bank and Rajguru Sharma regarding DRT proceedings, where the bank received Rs. 1,35,00,000 for full satisfaction of claims.
What did the court decide?
Award passed recording settlement; outstanding amount of Rs. 1,35,00,000 paid for full satisfaction of claim; matter disposed of.
What the court decided
DEBTS RECOVERY TRIBUNAL.II. DELHI
NATTONAL LOK ADALAT HELD ON 10.12.2023(SUNDAY}
Orqanised Bv: DRTJI, Delhi
Authoritv: DSLSA, Delhi
cN20t2023
AXIS BANK Petitioner/Applicant :
DefendanURespondent : RAJGURU SHARMA
No. of Proceedings of the ltem No.4 of the Tribunal
Name of Presiding Officer :Shri Sushil Kumar Rastogi, Presiding Officer, DRT-ll, Delhi & National LokAdalat Judge
Name of Members (1) Shri UttamNegi, Recovery Officer-l
AWARD
This matter is taken by this Tribunal in hybrid mode i.e.physical aswel! as through Video Conferencing.
Parties & counsel
- applicant
AXIS BANK
- respondent
RAJGURU SHARMA
Coram
Shri Sushil Kumar Rastogi
Case details
As recorded by the court registry
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