A National Lok Adalat disposed of a banking recovery dispute via consent settlement. The parties settled the claim amounting to Rs. 2,41,58,410/- plus interest for Rs. 1,87,50,000/-.
The claim settled at Rs. 1,87,50,000/-; OA disposed in terms of settlement.
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SEFORE THE NATIONAL LOK ADALAT AT DEBTS RECOVERY TRIBUNAL.3, KOLKATA, ANSUDHA BUILDING/ 42C,JAUJAHARLAL NEHRU ROAD 8'* FLooR, KoLKATA-7oo 071
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Dated June 22, 2024
Plaintiff:
Union Bank of India,
represented by Mr. AFM NAZMUL HUQ
Oefendant/Respondent
M/s. Sinhal Trading Co Private
Ltd. & Ors.
case No, o,A. 534/2022 (Sl.No.4)
PRESENT:
(3) SHRI KAMAL DE, Judicial officer (Retd.)
(4) MS. DEBJANI SAHU, Advocate (Member)
AWARD
Upon consent of theparties, the dispute between theparties have been referred for determinatlon to the Lok Adalat and the parties having compromised /settled the case/matter, the following award is passed in terms of the settlement :-
The case is taken Lrp for hearing.
The claim of thepetitioner Bank recoverable from the Defendant amountsto Rs. 2,41,58,410/-plus further interest
Thepartres have amicably settled dispute at Rs. 1,87,50,000/-.
In view ol'the compromise arrivcd between theparties the OAis disposedof in terms of the settlement.
Bank may file separate application before Registrar for refund of courtfees. Registrar will do the needful in accordance with l3w.
tra oo'* (SHRI KAMAL DE) Judicial Officer(Retd.)
(MS. DEBJANI SAHU) --<'"'f".3; Advocate ( Member)
Union Bank of India
M/s. Sinhal Trading Co Private Ltd.
SHRI KAMAL DE
MS. DEBJANI SAHU
As recorded by the court registry
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