Disposed
Punjab National Bank v. M/S Ghoshpur Lokahita Farmers Welfare Samity and Ors.
DRTOA/113/2023
Case brief
AI extract
What is this about?
A National Lok Adalat disposed of a financial dispute between Punjab National Bank and M/s Ghoshpur Lokahita Farmers' Welfare Samity via a settlement. The claim of approx. Rs 77.80 lakhs was settled for Rs 20 lakhs, with Rs 5 lakhs paid upfront and the balance in three installments over 90 days.
What did the court decide?
Settlement of Rs 20,00,000/- against a claim of Rs 77,79,988.23/-; Rs. 5,00,000/- paid upfront; balance in three installments.