Disposed

Punjab National Bank v. M/S Pinki Chains & Ors.

DRT22 Dec 2025OA/625/2024

Case brief

AI extract

What is this about?

The Tribunal disposed of a withdrawal application filed by the applicant bank regarding their writ petition. The bank sought withdrawal after settling the sale proceeds of a secured asset. The court also considered and refused the prayer for refund of court fees, holding that settlement must be made under reference to Arbitration, Conciliation, Lok Adalat or mediation for refund eligibility.

What did the court decide?

IA no.102025 allowed (Withdrawal); OA no.62512024 dismissed as withdrawn. Prayer for refund of court fees declined.

Punjab National Bank versus M/S Pinki Chains & Ors. — Banking and Recovery | DRT (2025)

¶1

Debts^{RecoverYTribunal-Il, Delhi}

¶2

oLl62sl2024 puNJAB NATToNAL sA-li'Lv"^{t'us prnrr cHArNs &oRs'}

¶3

22.t2.2025

¶4

Item no.84

¶5

Present: Ms. Akriti^{Sharma, ProxyCounsel for Mr' H' Nabi' Counsel} for apPlicant^bank None for^defendants

¶6

Matter is^{takenthroughVideo Conferencing/Hybrid mode'}

¶7

IA no.79ol2025^{has been filed by the applicantbank for} withdrawal^{of the} Present^OA'

¶8

The Ld.^{counselfor the applicant bank duringthe pendency of} in" oiigl.ri^{npptication'[ne appticant. bank took physical} i:i$ffil'"-lP;,tirr';.:0,lru ffi'th"^{t".liiation of tne sale proceedsof the securedasset} amount^{of Rs' 9,13,00,00-of'-rferefore'the applicant} ;;r;; bank seeks^{permission oi'tnii nontie Tribunalto withdraw the} ,r"*.t^{Oiriinal Application,as settle!' Hence' the applicant} [an[ wisfreito^{withdraw the present OA'}

¶9

¶10

TheJ-d. Counsel^{forthe applicant balk has also requested} for refund^{of the *ttf"Lt' It is submittedthat the matter} has been^{settled uno t[ereiore,the court fees may be refunded} as^{per provisions.ont inJ in the rules' In this regard the} Hontle Supreme^{couti nas passed} .the^{order in SLP(c)} 'iliii.zzi/ion aut"a )a'oi'zo'zs tiaea as rase Ram vs.ved Kaur & Ors.^{The nontG Supreme Court has considered the} matter^{and has held that:}

¶11

Para 6-^{The refundof court fees is permissible only} ii ne matter^{is referrdto Arbitration' Conciliation'} jLircirt *ttlement, including tllough^{Lok Adalat or} 'i"aiution for setttement aid tne case is dxiddⁱⁿ perms of sucn^{a settlement and not otherwise'}

¶12

Para 7-^{In the case at han4the settlementin terms} of which^{the second appeaiwas decided-bythe ligh} Court is^{not on} '"f"'"nce^{to any of the above} iuinonti"t/no^{rather it was an amicable settlement} out of^{the court.}

¶13

Para 8-^{Accordingty, we are of the oPiion that the} p"tition", is no{eitittd^{to refund of the ourt fes} '*a n" High Court has not ammitted any enor or iltegatity^{iirefusingsuch a prayer'""-"''-'} c,\

¶14

In view^{of the above, it is clear that if the mqlterhas been settled} out of^{the court without-tiii"ftt"nt"from the couft or Tribunal'} the court^{fees cannot b" ;li;'a'Therefore'the prayerof the} ililffi^{t;;i.6 r"f,no oi courtreesis herebv declined'} In view^{of the above submissionmade- by the Ld' Counsel for} aoolicant^{bank, IA noiOlozs is allowed'ON62512024is} didmissed^{as withdrawn'}

¶15

Fite be^{consigned to record room'}

¶16

¶17

(SUSHIL KUMAR RASTOGI) PRESIDING^OFFICER DRT-II,^Delhi

Punjab National Bank v. M/S Pinki Chains & Ors.

Case brief

What is this about?

What did the court decide?

Punjab National Bank v. M/S Pinki Chains & Ors.

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Parties & counsel

Coram

Case details

Similar cases