A Lok Adalat at DT-1, Kolkata disposed of an outstanding claims case where the petitioner bank and respondent company amicably settled the dispute via a compromise award.
The outstanding claim was settled for the sum of Rs. 3,26,00,000/-.
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BEFORE THE LOK ADALAT AT DEBTS RECOVERY TRIBUNAL-1, KOLKATA. JEEVANSUDHA BUILDING, 42C,JAWAHARLAL NEHRU ROAD KOLKATA-700 071
Dated May 13,2023.
Plaintiff:
Axis Bank Ltd.
Mr. D. Mukherjee
Ld. Advocate
Ms. Arna Chatterjee
Authorized Signatory
Defendant/Respondent Atcindia Agro Pvt. Ltd.
Represented by
None
Case No. OA/112/2022
PRESENT: -SHRI AMBUJA MOHAN DAS
PRESIDING OFFICER
A W A R D
The dispute between the parties have been referred for determination to the Lok Adalat and the parties having compromised /settled the case/matter, the following award is passed in terms of the settlement :-
The case is taken up for hearing.
The claim of the petitioner Bank recoverable from the Defendant amounts to Rs. 4,21,94,827.73P + further interest.
The parties have amicably settled dispute at
Rs. 3,26,00,000/-.
In view of the compromise arrived between the parties the OA is disposed of in terms of the settlement.
(Ambuja Mohan Das) Presiding Officer
Axis Bank Ltd.
Atcindia Agro Pvt. Ltd.
Ambuja Mohan Das
As recorded by the court registry
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