The DRT-II Delhi recorded a compromise settlement between Yes Bank and Harkishan Enterprises during a National Lok Adalat hearing. Mutual payments satisfied outstanding claims, disposing of the matter without adjudication.
The dispute was amicably settled and the matter was disposed of upon full and final satisfaction of claims.
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.
DEBTS RECOVERY TRIBUNAL-II. DELHI
ISTNATIONAL LOKA DALAT HELD ON 11.02.2023 (2ND SATU RD
Orqanised Bv: DRT-ll, Delhi
Authoritv: DSLSA,Delhi
TN1323t2022
Petitioner/Applicant Yes Bank
DefendanURespondent Harkishan Enterprises and Ors.
No. of Proceedings of the !Qqq$,$f of the Tribunal
Name of Presiding Officer :Shri Deepak Nath Tiwari, Presiding Officer, DRTll, Delhi & Lok Adalat Judge
Name of lllemberc (1) Shri A. K. Thakur, Registrar (2) Shri Dattatrey Baipayee, Recovery Officer-ll (3) Shri Suraj Prakash, Section Officer
AWARD
This matter is taken by this Tribunal in hybrid mode i.e. physical as well as through Mdeo Conferencing.
The dispute between the parties having been refened for determination to the National Lok Adalat and the parties having compromised/settled the case/matter, the following Award is passed in terms of the Settlement.
None for defendants.
Shri Shreyansh Rastogi, fficer of the applicant bank (online) and Shri Vikas Jadon, Counsel submiE that bank has received an amount of Ps.32,77r9OOl- towards full and final satisfaction of the claims.
Accordingly, the dispute between theparties stands amicably settled.
This compromise settlement between the pafties is suo motto and witi free will.
c\ -t 6t1
In this circumstances compromise is recorded. Now, the matter stand disposed of in terms of compromise and the applicant bank is entiued to return of the original documenb, if any, in accordance with law for onwards transmission to the defendants and refund of court fees, if applicable as per rules. The date already fixed in the matter before DRT stands cancelled. The record be consigned to record room.
v'5.
ROAC PetitionerlApplicant ROAC DefendanURespon nt
(Section cer-ll) istrar)
Member-l ber-lL Member-lll
A
(Presiding 5mcer;
DRT-ll, Delhi &
Lok Adalat Judge
Yes Bank
Harkishan Enterprises and Ors.
Shri Deepak Nath Tiwari
Shri A. K. Thakur
Shri Dattatrey Baipayee
Shri Suraj Prakash
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
