The Lok Adalat disposed of an application filed by Canara Bank against Bengal BIO Industries regarding debt recovery on the basis of an out-of-court compromise. The matter was settled amicably without judicial determination of the claim.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
BEFORE THE LOK ADALAT AT DEBTS RECOVERY TRIBUNAL-1, KOLKATA. JEEVANSUDHA BUILDING, 42C,JAWAHARLAL NEHRU ROAD KOLKATA-700 071
Dated May 13,2023.
Plaintiff:
Canara Bank
Represented by
Mr. Aninda Bhattacharya,
Advocate
Defendant/Respondent Bengal BIO Industries
Represented by
None
Case No. OA/99/2022
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. 44,76,551.14
The parties have amicably settled dispute at Rs. 46,88,000.00
In view of the compromise arrived between the parties the OA is disposed of in terms of the settlement.
(Ambuja Mohan Das) Presiding Officer
Canara Bank
Bengal BIO Industries
Ambuja Mohan Das
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
