This Lok Adalat order records the settlement between the Applicant Bank and Respondents for Rs. 2.20 crore against a claim of Rs. 5.06 crore. Various payment installments and a future hearing date were listed for documentation of final payment.
Settlement approved for Rs. 2.20 crore; hearing listed for documentation of final payment.
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 1, KOLKATA
| Page No.- | Order Sheet( continuation) | |
|---|---|---|
| Case NO. OA/3 | 6/2022 INDIAN BANK VS. M/S. Hi-Light Ornaments & O |
RS. |
| Date of the order |
. Order with signature |
Office action w date and dated signature of parties when necessary |
| 14/12/2024 | Chief Manager, Cossimbazar Branch of the Applicant Bank is present. |
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| Md. Mainuddin Ansari, Representative of the Defendants is present. Joint Compromise Petition has been filed by the parties wherefrom it is found that matter has been |
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| settled between the parties at Rs. 2,20,00,000/- against the claim amount of Rs. 5,00,66,390.00. The |
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| defendants have paid Rs. 5,00,000/- today and required to pay entire dues in following manners: i) Rs. 50,00,000/- by 25/01/2025. |
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| ii) Rs.1,30,00,000/- by 25/02/2025 |
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| iii) Rs. 35,00,000/- by 25/03/2025 List the matter on 07/04/2025. Parties are directed to file documents regarding final payment of settlement. |
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| (DHANANJOY NAYAK)) (AMBUJA MOHAN DAS) | ||
| LD. ADVOCATE JUDICIAL OFFICER (RETD.) MEMBER OF THE BENCH MEMBER OF THE BENCH OF LOK ADALAT OF LOK ADALAT |
1 provisions across 1 enactments
Indian Bank
M/s. Hi-Light Ornaments & Ors.
Dhananjay Nayak
Ambuja Mohan Das
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
