The applicant bank sought withdrawal of its Original Appeal (OA) following a settlement between parties for Rs. 45,76,560/-. The Tribunal dismissed the OA as withdrawn.
The Original Appeal was dismissed as withdrawn. The applicant was directed to refund the court fees.
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DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
OA/1912/2022 JAMMU AND KASHMIR BANK LIMITED Vs M/S ALEF
29.03.2023 Item No.28
Present: Sh. Amit Rishi, Counsel for the Applicant. None for defendants.
Counsel for the applicant bank has filed the affidavit of Shri Tariq Ahmad Koul, Branch Head, and has made a statement at the bar that the parties have compromised the matter for sum of Rs.45,76,560/- 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 Accordingly, the OA filed by the applicant bank is dismissed as withdrawn .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
Jammu and Kashmir Bank Limited
Ms Alef
A S Narang
As recorded by the court registry
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