The applicant bank withdrew its Original Application via a compromise agreement. The Presiding Officer dismissed the OA as withdrawn upon hearing counsel's statement and production of a settlement letter.
Original Application dismissed as withdrawn following a settlement of Rs. 9,50,000.
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DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
OA/160/2023 PUNJAB NATIONAL BANK Vs SH. JAGIR SINGH
17.10.2023 Item No.11
Present: Ms.Lovedeep Kaur, proxy for Ms.Puja Sharma, Counsel for the Applicant. None for defendants.
Counsel for the applicant bank has produced on the record letter of the bank and has made a statement at the Bar that the parties have compromised the matter for a sum of Rs.9,50,000/and she does not want to pursue the present OA. Accordingly, the OA filed by the applicant bank is dismissed as withdrawn . File be consigned to record room after due compliance.
(A S Narang) Presiding Officer DRT-I, Chandigarh
MANOJ
Punjab National Bank
Sh. Jagir Singh
A S Narang
As recorded by the court registry
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