A Lok Adalat disposed of an OA regarding a debt recovery claim between a bank and a company based on a concluded settlement.
OA disposed in terms of a settlement of Rs. 1,80,00,000.
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BEFORE THE LOK ADALAT AT DEBTS RECOVERY TRIBUNAL-1, KOLKATA. JEEVANSUDHA BUILDING, 42C,JAWAHARLAL NEHRU ROAD KOLKATA-700 071
Dated May 13,2023.
Plaintiff:
ICICI Bank Ltd.
Mr. D. Mukherjee
Ld. Advocate
Ms.Nivedita Mitra
Authorized Signatory
Defendant/Respondent
Saket Devcon Pvt. Ltd.
Represented by
None
Case No._OA/49/2022
PRESENT: -SHRI AMBUJA MOHAN DAS
PRESIDING OFFICER
A W A R D
The dispute between the parties have been referred for determination to the Lok Adalat and the parties having compromised /settled the case/matter, the following award is passed in terms of the settlement :-
The case is taken up for hearing.
The claim of the petitioner Bank recoverable from the Defendant amounts to Rs. 1,95,38,803/-.
The parties have amicably settled dispute at Rs. 1,80,00,000/-.
In view of the compromise arrived between the parties the OA is disposed of in terms of the settlement.
(Ambuja Mohan Das) Presiding Officer
ICICI Bank Ltd.
Saket Devcon Pvt. Ltd.
Ambuja Mohan Das
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
