Axis Bank faced a withdrawal of its Opposite Application in the Chandigarh DRT. Counsel stated parties settled for Rs. 1,05,00,000/-, resulting in the OA being dismissed as withdrawn with court fees refunded.
Dismissal of OA with refund of court fees.
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DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
OA/1514/2022 AXIS BANK Vs M/S AKAL EDUCATIONAL SOCIETY
11.10.2023 Item No.20
Present: Sh. Deepak Jain, Counsel for the Applicant. None for defendants.
Counsel for the applicant bank has filed the affidavit of Shri Sandeep Kumar, and has made a statement at the Bar that the parties have compromised the matter for a sum of Rs.1,05,00,000/- and he does not want to pursue the present OA. Accordingly, the OA filed by the applicant bank is dismissed as withdrawn . Registrar is directed to refund the court fees as per rules.
File be consigned to record room after due compliance.
(A S Narang) Presiding Officer DRT-I, Chandigarh
MANOJ
AXIS BANK
M/S AKAL EDUCATIONAL SOCIETY
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
