The applicant bank's original application (OA) under Section 34 of the SARFAESI Act (implied by context of OA and Bank) was dismissed as withdrawn after the bank filed an affidavit confirming a compromise of Rs. 110.00 Lacs and decided not to pursue the matter further.
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DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
OA/1062/2022 CANARA BANK Vs M/S BABA TRADING COMPANY .
16.07.2025 Item No.115
Present: Mr. Atul Mahajan, Counsel for the Applicant. None for defendants.
Counsel for the applicant bank has filed the affidavit of Shri Ganesh Shingari, Branch Manager and has made a statement at the bar that the parties have compromised the matter for a sum of Rs.110.00 Lacs 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 Accordingly, the OA filed by the applicant bank is dismissed as withdrawn .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
PANKAJ
CANARA BANK
M/S BABA TRADING COMPANY
A S Narang
As recorded by the court registry
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