A National Lok Adalat disposed of a debt recovery suit between Union Bank of India and Ankita Trading Co. via a mutual settlement agreement where the defendant agreed to pay Rs. 60 lakh against a claim of over Rs. 1.22 crore.
The dispute was settled at an amount of Rs. 60,00,000/-. The case is disposed of in terms of the settlement.
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.
BEFORE THE NATIONAL LOK ADALAT AT DEBTS RECOVERY TRIBUNAL.3, KOLKATA. ]EEVANSUDHA BUILDING, 42C,JAWAHARLAL NEHRU ROAD 81H FLooR, KoLKATA-7oo o7r
Dated!- December 14. 2024
Plaintiff:
Defendant/ Respondent
Union Bank of India
lvlls. Ankita Trading Co. & Ors.
Case No. O.A. 5O7lZO22 (Sl.No.36)
PRESENT:
(1) SHRI KAMAL DE, Judiciat Officer (Retd.)
(2) SHRI ANIRBAN MAJUMDER, Advocate (Member)
AWARD
Upon consent of the parties, the dispute between the parties have been referred for determination to the Lok Adalat and the parties having compromised /setued the case/matter, the following award is passed in terms of the settlement : -
The case is taken up for hearing.
The claim of the petitioner Bank recoverable from the Defendant amounts to
Rs. 1,22,15,165.81/- plus further interest
The parties have amicably settled dispute at Rs. 60,00,000/-.
In view of the compromise arriyed between the parties the OA is disposed of in terms of the settlement.
Bank may file separate application before Registrar for refund of court fees. Registrar will do the needful in accordance with law.
l)
(SHRI KAMAL DE) ludicial Officer ( Retd. )
;h-! =,L-*.^==(SHRI ANIRBAN MTJUMDER) Advocate (Member)
Union Bank of India
Ankita Trading Co.
KAMAL DE
ANIRBAN MAJUMDER
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
