OAP filed by Punjab National Bank to challenge an award in Lok Adalat regarding a loan account was dismissed as withdrawn, as the bank acknowledged the account was settled for Rs.10,80,000/- in full and final settlement.
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DEBTS RECOVERY TRIBUNAL-1/ CHANDIGARH
OA/224/ 2023 PUNJAB NATIONAL BANK VS LATE TARSEM SINGH AWARD
11.05.2024 Item No. S.
A Present : Sh &xh PI Counsel for the Applicant. Sh. , Counsel for defendants.
File put up in the "Lok Adalat".
Bank has filed the affIdavit to the effect that the account has been settled at Rs.10,80,000/- in full and final settlement and it does not want to pursue the present OA Accordingly, the OA filed by the applicant bank is dismissed as withdrawn.
A copy of :this order be given to both the parties free of cost. File be consigned to record room after due compliance.
Aj.
(Registrar)
(Presidir& Officer)
Punjab National Bank
Late Tarsem Singh Award
As recorded by the court registry
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