In a National Lok Adalat proceeding before the Debt Recovery Tribunal, Nam社会团体v AXIS BANK, parties settled the dispute amicably through a compromise. The court passed an award recording the settlement and disposed of the matter, returning original documents to the bank.
Matter disposed of by recording compromise; original documents returned to applicant bank.
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.
NATIONAL LOK ADALAT HELD ON 10.12.2023(SUNDAYI
Oroanised Bv: DRT{I Delhi
Authoritv: DSLSA,Delhi
TN1125t2022 AXIS BANK Petitioner/Applicant : DefendanURespondent : DR. SHARDA ARORA & OTHERS
No. of Proceedings of the ltem No.31 of the Tribunal
Name of Presiding Officer :Shri Sushil Kumar Rastogi, Presiding Officer, DRT-ll, Delhi & National LokAdalat Judge
Name of Members (1) Shri UttamNegi, Recovery Officer-l
AWARD
This matter is taken by this Tribunal in hybrid mode i.e. physical as well as through Video Conferencing.
The dispute between the parties having been referred for determination to the National LokAdalat and the parties having compromised/settled the case/matter, the following Award is passed in terms of the Settlement.
Ms. Shruti Balyan, counsel for Applicant Bank alongwith Shri Gyanender Kumar, AR of Applicant Bank
None for the defendants
Ms. Shruti Balyan, counsel for Applicant Bank alongwith Shri Gyanender Kumar, AR of Applicant Bank submit that bank has received an amount of Rs. 411201000/- towards full and final satisfaction of the claims of the bank before National LokAdalat.
Accordingly, the dispute between the pafties stands amicably settled.
This compromise settlement between the pafties is suo motto and with free will.
In this circumstances compromise is recorded. Now, the matter stand disposed of in terms of compromise and the original documents, if any, filed before DRT-II, Delhi be returned to applicant bank.The date already fixed in the matter before DRT stands cancelled. The file be consigned to record room.
The applicant bank seeks libefi to move an appropriate application seeking
refund of court fees. .
N"t Q.rQ\ff'
RohC PetitionerlApplicant ROAC DefendanURespondent
\0 )?.\4,
(i
ber-l
'fq'--A'
9A<br>(Presidinfficer)
DRT-ll, Delhi &
National LokAdalat Judge
1 provisions across 1 enactments
AXIS BANK
DR. SHARDA ARORA
Sushil Kumar Rastogi
Uttam Negi
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
