The petition was disposed of after the applicant deposited Rs. 30 lakhs and undertook to deposit another Rs. 75 lakhs before 28.02.2025 under a settlement with the respondent bank.
Settled; application disposed.
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DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
SA/21/2025 MS GRAND DUBAI JEWELLERS ANRS Vs CITY UNION BANK LIMITED
21.02.2025 Item No.18
Present: Sh. MK Mittal, Counsel for the Applicant (on VC). Sh. Rahul Mehta, Counsel for respondent bank (on VC).
Mr. Mehta, counsel for respondent bank has made a statement at the Bar that there has been settlement between the parties. As per the settlement, applicant has deposited Rs.30.00 Lacs and he has undertaken to deposit another sum of Rs.75.00 Lacs before 28.02.2025. In view of this, SA stands disposed of.
File be consigned to record room after due compliance.
(A S Narang) Presiding Officer DRT-I, Chandigarh
PANKAJ
MS GRAND DUBAI JEWELLERS ANRS
CITY UNION BANK LIMITED
A S Narang
As recorded by the court registry
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