Punjab National Bank v. Priyabrata Nayek
Case brief
What is this about?
In a Debt Recovery Tribunal Lok Adalat case, Punjab National Bank and Priyabrata Nayek & Anr. amicably settled a disputed claim for recovery of Rs.34,06,953.40 plus interest at an agreed sum of Rs.11,00,000. The compromise resulted in the disposal of the original application.
What did the court decide?
Compromise settlement at Rs. 11,00,000/-; Application disposed of.