Axis Bank v. M/S Rd Industries
Case brief
What is this about?
The Debt Recovery Tribunal dismissed the operating application filed by the applicant bank as withdrawn, noting that the parties had compromised the matter with a sum of Rs.66,00,000/-.
What the court decided
DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
OA/50/2023 AXIS BANK Vs M/S RD INDUSTRIES
17.01.2023 Item No.7
Present: Sh. Gurnam Singh, proxy Counsel for Sh. Rajiv Sharma, Counsel for the Applicant.
Counsel for the applicant bank has filed the affidavit of Ms.Khushpreet Bains, and has made a statement at the bar that the parties have compromised the matter for sum of Rs.66,00,000/- 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 Accordingly, the OA filed by the applicant bank is dismissed as withdrawn .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
Parties & counsel
- applicant
Axis Bank
- respondent
M/S RD Industries
Coram
A S Narang
Case details
As recorded by the court registry
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