Disposed
Punjab National Bank v. M/S Crag International
DRTOA/38/2022
Case brief
AI extract
What is this about?
In OA/38/2022, the Debts Recovery Tribunal held a Lok Adalat session for Punjab National Bank vs. M/S CRAG INTERNATION. The Bank offered Rs. 19 lac settlement; the Borrower offered Rs. 6 lac. Both parties were directed to sit together to finalize a settlement and file a petition in the next Lok Adalat.
What did the court decide?
Parties directed to sit together in Lok Adalat to settle the matter and file final petition.