Axis Bank v. Harsh Logistics
Case brief
What is this about?
National Lok Adalat award disposing of a debt recovery dispute after the bank received a lump sum payment satisfying claims, leading to an amicable settlement and dismissal of the proceeding.
What did the court decide?
Settlement recorded for payment of Rs. 5,74,000/-; original documents returned to bank; matter disposed of.
What the court decided
DEBTS RECOVERY TRIBUNAL.II. DELHI
NATTONAL LOK ADALAT HELp ON 10.1?.2023(SUNDAY-I
Oroanised Bv: DRT-ll, Delhi
Authoritv: DSLSA, Delhi
oN392t2023
Petitioner/Applicant : AXIS BANK
DefendanURespondent : HARSH LOGISTICS SOLANKI
No. of Proceedings of the ltem No.40 of the Tribunal
Name of Presiding Officer :Shri Sushi! Kumar Rastogi, Presiding Officer, DRT-ll, Delhi & National Lok Adalat Judge
Name of Members (1) Shri Uttam Negi, Recovery Officer-l
AWARD
This matter is taken by this Tribunal in hybrid mode i.e. physical as well as through Video Conferencing.
Parties & counsel
- applicant
AXIS BANK
- respondent
HARSH LOGISTICS SOLANKI
Coram
Sushi Kumar Rastogi
Case details
As recorded by the court registry
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