Punjab National Bank v. M/s Pratima Food Products and others
Case brief
What is this about?
The Debts Recovery Tribunal, Patna, dismissed the original application as withdrawn after the defendants settled their account under a compromise in Lok Adalat. The court directed the applicant to issue a NOC and return documents if the account is not clubbed with other assets under SARFAESI.
What did the court decide?
Application dismissed as withdrawn; applicant directed to issue NOC and return documents.