Indian Bank v. Surjeet Singh
Case brief
What is this about?
The Appellate Officer dismissed the bank's appeal as withdrawn because the distributor accepted that the loan account was settled in full and final settlement for Rs. 18,00,000/- at a Lok Adalat.
What did the court decide?
Appeal dismissed as withdrawn with a copy of the order to be given to both parties free of cost.
What the court decided
DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
oAl LL42l2022 INDIAN BANK VS. SURJEERT SINGH
AWARD
tL.02.2023 Item No.54 Present: q6. n ,, *',' I N" ry!!'^set ror the Appricant' / Sh. ,Counselfor defendants.
File put up in the "Lok Adalat".
Bank has filed the affidavit to the effect that the account has been settled at Rs.18,00,000/- in full and final settlement and it does not want topursue thepresent OA Accordingly, the OA filed by the applicant bank is dismissed as withdrawn.
A copy of this order be given to both theparties free of cost. File be consigned to record room after due compliance.
rV\ njayxfiffiar Puri a s\qefro (Registrar) (Presiding @fficer)
Parties & counsel
- appellant
OAl LL42l2022 INDIAN BANK
- respondent
SURJEERT SINGH
Coram
J. Arvind Puri
Case details
As recorded by the court registry
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