In a Lok-Adalat proceeding before the Patna Debts Recovery Tribunal, a dispute regarding bank dues was settled amicably. The orders were consequently issued based on the settlement, dismissing the original application as withdrawn.
Settlement ordine issued for payment of agreed amount; application dismissed as settled.
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| Sl. No. |
Date of Order or Proceedings |
Order with the signature of the Court DEBTS RECOVERY TRIBUNAL, PATNA |
Office action taken with date |
|---|---|---|---|
| OA 328 of 2023 | |||
| 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 In view of the above circumstance, the abovementioned OA is dismissed as withdrawn.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 of DRT. (KaUSh~Yadav) Presiding Officer |
Debts llecovery Tribunal, Patna
[Lok Adnlnt, held lit DRT, Patna] o A ('"", Nil .... 3..~ I,,)()2.3 0~rb. NOil1QNI " 1611',.., .. B'k'(IIWI(j"'j
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Inned. Slui ~ __t~, ki~ .b(11TO\Cr/g:l1i1rantor lrnorlgogcr is present ill person A ,hI! _ i:l~l"'l«AA . being the __~~."f ___ J.C.JH-=_Q-o-""="'l'lL is present on hchalf ofhnnk.
The above noted case has been taken up today at the request of borrower in Lok Adalat for settlement.
I
As per report of the Bank. the outstanding liability of the borrower is Rs. .................. pius interest and other charges Rs total Rs ~O,S',bbt> The borrower is willing (0 settle the account. but due to unfavorable economic conditions, cannot pay the full amount mentioned above. Borrower offerRs. . . for settlement, whereas the bank is insisting lor Rs. ".. " ..... il:-\ full and final compromise amount,
1 -
On being encouraged for amicable settlement. there is a chance for seuletucm accept to the parties.
Accordingly, considering the period of pendency of dispute and economic condition of the borrower, I am of the considered ?rinion that the ends ofjusticc will be served, if, the account is settled at Rs~""r">rsper the schedule given below. to which they have agreed to put the controversy at rest.
The co-operation of the parties and efforts of ld. counsel to reach compromise are appreciated,
3 It is made clear that in case, the borrower fails to pay any installment as ordered above, the order shall not be in operation. Also the bank rnay apply for rcvival of O.', or Ilia)' td;c 1cJ,J action ill accordance with la\ (\11"recovery of it:. criuiuul dues ~ with interest. C(lsb and other k:g.d expenses. ,.:~ , '-'" ':': ., ~ -",: .">, \ 1 ~ / /" Q' Scanned with OKEN Scanner
Applicant
Respondent
KaUSh~Yadav
As recorded by the court registry
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