Axis Bank v. Vijay Chhabra
Case brief
What is this about?
In Lok Adalat proceedings under OA 679/2022, the recovery tribunal dismissed the bank's application as withdrawn after the bank filed an affidavit stating the disputed account was settled in full. No costs were awarded.
What did the court decide?
OA dismissed as withdrawn upon confirmation of settlement.
What the court decided
DEBTSRECOVERY TRIBUNAL-I'CHANDIGARH
oA/ 679 / 2022 AXrs BANKV/S VrJl\Y CHHABRA
AWARD
13.O5.2023 Item No,12B
present: Sh. b<'/>c{lL$a; , Counselfor the Applicbnt' sh. ,Counselfor defendants.
Fileput up in the"Lok Adalat".
Bank has filedthe affidavitto the effect that the account has been settled atds.38,O0,O00/-in full and final settlement and it does notwant to pursue the presentOA Accordingly,the oA filed by the applicantbank is dismissedas withdrawn.
A copy of this order begiven to both the parties free of cost. File be consigned to record room afterdue compliance.
Ajay-ffimar Puri
(Registrar)
Parties & counsel
- applicant
AXrs BANK
- respondent
VrjK.Y CHHABRA
Case details
As recorded by the court registry
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