The Debt Recovery Tribunal dismissed an official application filed by the applicant bank as withdrawn, noting that the parties had compromised the matter for a sum of Rs. 22,00,000 and the bank no longer wished to pursue the application.
The Official Application was dismissed as withdrawn by the applicant bank following a compromise.
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DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
OA/390/2024 PUNJAB NATIONAL BANK Vs DILBAG SINGH
30.07.2024 Item No.81
Present: Sh. Manish Singla, Counsel for the Applicant. None for defendants.
Counsel for the applicant bank has filed the affidavit of Shri Vikas Kumar, and has made a statement at the Bar that the parties have compromised the matter for a sum of Rs.22,00,000/- and he does not want to pursue the present OA. Accordingly, the OA filed by the applicant bank is dismissed as withdrawn .
File be consigned to record room after due compliance.
(A S Narang) Presiding Officer DRT-I, Chandigarh
MANOJ
Punjab National Bank
Dilbag Singh
A S Narang
As recorded by the court registry
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