Dismissed

Punjab National Bank v. Dhanesh Singh and Others

DRT29 Apr 2025OA/267/2024

Case brief

AI extract

What is this about?

Local Samadhi order dismissing an IA as settled in a special Lok Adalat between a Bank and a Borrower. Parties reached a compromise agreement for debt recovery, and the court issued a repayment schedule with a condition for clause. The IA was dismissed.

What did the court decide?

The IA was dismissed as withdrawn after parties reached a compromise; a repayment schedule was issued subject to terms.

Punjab National Bank versus Dhanesh Singh and Others — Banking and Recovery | DRT (2025)

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SI. No.	Date of Order or Proceedings	Order with the signature of the Court DEBTS RECOVERY TRIBUNAL, PATNA
		OA 267 of 2024
	29.04.2025	At the request of parties the matter is taken today in Special Lok- Adalat. On being pursued, inspired and encouraged for compromise, the matter has been settled between parties for which separate award has been issued. In view of the above circumstance, the abovementioned OA is dismissed as withdrawn. The co-operation of the ld. Counsels of the parties in disposal of the case is appreciated. A copy of order be uploaded over website ofDRT. V (KaushalendraYadav) Presiding Officer

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Office action
taken with date

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Debts Recoverv Trlbunal, Patna [Lul; Aliullll, 111'111ul DltT, 1'IIII1nl . ("".",,,..-::: . :.A i\J a . a (, t I ;M;_ 1

¶4

P.A(\J Q.:> NcdnQ~. '?'O.. J'-L .....'pplit':'ul Dk,,~'" Cf, ,6,-: ....... Ilc:rt'ml:lllh _9--'\ ..0.2-5_ Hilled .

¶5

Shl'i 0 ba 'f\e~ S"J~,.borro\'cr/guarantor/'TIorlgogcl' is p.rcscn( ill person, Shri Alolo fUl<ttlA • being the )alP.,.6l'\L(' of c. H eg.,k is present 011 behalf nf'bnnk,

¶6

The above noted C.1SChas been taken up today at (he request of borrower in Lok Adalat for settlement.

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As pcr report of the Bank. the cntstnnding liabil/'ty ofJhcLwcr ~ g'; 0 (, L l<.tcl.l ... .•.l.b .. L..~~ plus interest and other charges Rs. ,.,O . ..Q . .. 10lal Rs.....

¶8

The borrower is \viUing to settle the account. but due to unfavorable ecollolic condiiol1s, cannot pay the full amount nl.en.tiolenbve.Borrower orfloy Rs. L.s:.,:J.l!..L.:. tor settlement, whereas the bank IS rnsrstmg lor Rs.l~.-.]'1...a' filii and final compromise amount,

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011 being encouraged for amicable settlement. there is a chance for senlement accept to the parties.

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Accordingly, considering the period of pendency of dispute and economic condition of the borrower. I am oftheconse-71inionJ.h.Dt the ends ofjustice will be served. if, the account is settled at Rs, .. J. .... .'... ~ per U,e schedule given below. to which they have agreed to put the controversy at rest.

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The co-operation or the parties and efforts of Id. counsel 10 reach compromise nrc appreciated. 2 Re.puYlllcnt Schedule A - Down payment - <: n. J,.... Y'<:...0 I'::, a ""'0 u..J. af- \4, I? II 3) 8 0-0 0-0 B· 1"1= ~ ~ os, -<-J, . C·

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J It is mnde clear lhnl in case, the borrower lilils to pay any installment as ordered above, the order shnlt not be ill operation Also the bunk may upply fi:u' 1''1'<11 01'0.-\ or 11111)' 1:JIc h:g;iI u:lion in nccordanl.:c \rHh I;nr rur I·.!';l.l\ ';1) uf il l,.IricilUlI llll' Wilh inl<:rcl,uls und 1I1111:r lL'giJl UXI)cIICS, --:..-': '1,.·', , ,Inrruwcl' IIr. "'hllltl1:1' 0[, 1"1E, .. __ ._ J_ Q; Scanned with OKEN Scanner

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Punjab National Bank v. Dhanesh Singh and Others

Case brief

What is this about?

What did the court decide?

Punjab National Bank v. Dhanesh Singh and Others

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Parties & counsel

Coram

Case details

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