Ranbir Singh v. Punjab National Bank
Case brief
What is this about?
Record of Lok Adalat dated 13.05.2023 for debt recovery tribunal where loan dispute was amicably settled for Rs.29.5 lakhs in 180 days.
What the court decided
A compact analysis
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.
LOK ADALAT DATED 13.05.2023
DEBTS RECOVERY TRIBUNAL.I,CHANDIGARH
BENCH-I
Item No.lf2-
Case No.SA 3412022
Statement of Ranbir Singh Borrower/Guarantor, S/o Sh.Prem Singh r/o Mohal ChowkiTeh. Nurpur Distt. Kangra HP
With the intervention of "Lok Adalat", l/We have amicable settled/resolved my/our dispute with the Bank and ready to pay a total sum of Rs.29,50,000/including the interest and other expenses incurred by the Bank towards full and final settlement of the claim of the Bank and amf are ready to pay the same in lump-sum/installment as per detailed given hereunder:as per detailed given hereunder:per detailed given hereunder:detailed given hereunder:
lump-sum/installment as per detailed given hereunder:as per detailed given hereunder:per detailed given hereunder:detailed given hereunder: \r(I \4t4 t. Rs.5,00,000/- on or before 15.05.2023 $c \ r5rl ] Tq Totaltime period of repayment 180 days.. ? t(a-i l) \t .N Remaining amount will be paid within 180 days amount will be paid within 180 days will be paid within 180 days be paid within 180 days within 180 days 180 days with applicable rate of interest as per Bank guidelines on reducing per Bank guidelines on reducing Bank guidelines on reducing guidelines on reducing reducing balance. :^ s)al :dA:<:.AS ..j 'j Adalat" ln case shall be of failure treated to pay as agreed above, theas withdrawn shall be of failure treated to pay as agreed above, theas withdrawn treated to pay as agreed above, theas withdrawn as withdrawn withdrawn and decreedecree t1 : along with interest/charges with interest/charges interest/charges be passed in favourpassed in favourin favourfavour ,lq i (3 Defendants. -'f i :Y\t\ , ' U -/
Parties & counsel
- applicant
Item No.lf2
- respondent
Banks/Defendants
Case details
As recorded by the court registry
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