The Debts Recovery Tribunal dismissed the original application by the bank as withdrawn following a settlement between parties for Rs.46,00,000. The court directed refund of court fees.
Dismissal of the original application; refund of court fees.
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DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
OA/300/2023 INDIAN BANK (ALLAHABAD BANK) Vs SH. KULTAR SINGH
18.10.2023 Item No.13
Present: Sh. SN Sharma, Counsel for the Applicant. None for defendants.
Counsel for the applicant bank has filed the affidavit of Ms.Apeksha Gupta, and has made a statement at the Bar that the parties have compromised the matter for a sum of Rs.46,00,000/- 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 Accordingly, the OA filed by the applicant bank is dismissed as withdrawn .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
2 issues framed by the court
Whether the original application should be allowed to proceed when parties have compromised the matter.
Whether the applicant bank is entitled to refund of court fees upon withdrawal of the application.
Indian Bank (Allahabad Bank)
Sh. Kultar Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
