Debt Recovery Tribunal (National Lok Adalat) passed an award recording a settlement between Axis Bank and Nikhil Shingla Shingla. The dispute is amicably settled with receipt of Rs. 39,187/-, leaving the matter disposed of.
Paid Rs. 39,187/- to discharge the claim. Original documents returned to applicant bank. DRT proceedings cancelled.
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DEBTS RECOVERY TRTBUNAL:il. DELH!
NATIONAL LOK ADALAT HELD ON 10.12.2023(SUNDAY}
Oroanised Bv: DRT-ll, Delhi
Authoritv: DSLSA, Delhi
TN1268t2022
AXIS BANK Petitioner/Applicant :
DefendanURespondent : NIKHIL SHINGLA SHINGLA
No. of Proceedings of the ltem No.9 of the Tribunal
Name of Presiding Officer :Shri Sushi! Kumar Rastogi, Presiding Officer, DRT-ll, Delhi & National LokAdalat Judge
Name of illembers (1) Shri UttamNegi, Recovery Officer-l
AWARD
This matter is taken by this Tribunal in hybrid mode i.e.physica! as wellas through Video Conferencing.
The dispute between the'parties having been referredfor determinationto the National LokAdalat and theparties having compromised/settledthe case/matter, the following Award ispassed in termsof the Settlement.
Ms. Shruti Balyan, counsel for ApplicantBank alongwith Shri Gyanender Kumar, AR of Applicant Bank
None for the defendants
Ms. Shruti Balyan, counsel for ApplicantBank alongwith Shri Gyanender Kumar, AR of Applicant Bank submit that bankhas received an amount of Rs. 39187 AOgl- towards full and fina!satisfactionof the claimsof the bank before National LokAdalat.
Accordingly, the dispute between thepafties stands amicably settled.
This compromise settlement betweenthe parties'is suo motto and with free will.
In this circumstances compromise isrecorded. Now, the matterstand disposed of in terms of compromiseand the original documents,if any, filed before DRT-II, Delhi be returned to applicantbank.The date already fixed in the matter before DRT stands cancelled.The flle be consigned to record room.
The applicant bank seeks libefi to move anappropriate applicationseeking refund of court fees:r
\f,o.P"titih.$ffiricant ROAC DefendanUResPondent
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Member-l
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(Presiding bfficer)
DRT-ll, Delhi &
National LokAdalat Judge
AXIS BANK
NIKHIL SHINGLA SHINGLA
Sushil Kumar Rastogi
Uttam Negi
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
