The Debt Recovery Tribunal treated the matter as a Lok Adalat case. Since the bank declared the account fully settled and agreed not to pursue the application, the Tribunal dismissed the application as withdrawn.
Application dismissed as withdrawn due to full and final settlement.
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DEBTS RECOVERY TRIBUNAL-I, CHANDIGARh!
QA/190)/2025 JAMMU AND KASHMIR BANK LIMITED Vs M/S SHAH TRADERS
AWARD
13.09.2025 Item No. 62
Present : Sh . i,q)(\1< , Counsel for the Applicant. Sh. . Counsel for defendants.
File put up in the "Lok Adalat".
Bank has filed the affidavit to the effect that the account has been settled at Rs. 2,33,92,617/- in full and final settlement and it does not want to pursue the present OA Accordingly, the OA filed by the applicant bank is dismissed as withclrawn.
A copy of this order be given to both the parties free of cost. File be consigned to record room after due compliance. Court fee be refunded as per DRT rule.
A
Aja r . ,al r'url IR SvNarang ( Reg iit:rar) (Presidihg Officer)
1 provisions across 1 enactments
Jammu and Kashmir Bank Limited
M/s Shah Traders
Arvind Narang
As recorded by the court registry
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