The Debts Recovery Tribunal dismissed an order of admission filed by Punjab National Bank as it was withdrawn after a compromise was reached between the parties.
Refund of court fees directed.
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DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
OA/1944/2022 PUNJAB NATIONAL BANK Vs M/S SAMAY DEV INDUSTRIES
05.10.2023
Item No.15
Present: Sh.Karan Dev, proxy for Sh.Bhushan Bhatia, Counsel for the Applicant. None for defendants.
Counsel for the applicant bank has filed the affidavit of Shri Manoj Kumar, Senior Manager, and has made a statement at the Bar that the parties have compromised the matter for a sum of Rs.29,50,000/- 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 Accordingly, the OA filed by the applicant bank is dismissed as withdrawn .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
Punjab National Bank
M/s Samay Dev Industries
A S Narang
As recorded by the court registry
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