SA dismissed as applicant deposited the entire outstanding amount due, preventing the respondent bank from proceeding with auction.
Bank to not go ahead with the auction; SA disposed of.
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DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
skI 5312025 MSMIODGIL FILLING STATION vs PUNJAB NATIONAL BANK 05.03.2025 Item No.22
Present : Sh. SS Randhawa, Counsel for the Applicant (on VC). Sh.Hirnanshu Sharma, Counsel for respondent bank. Mr.Himanshu Sharma states that he has filed reply. Copy has been supplied to the opposite counsel. It is stated that the auction is fixed up for tomorrow i.e. 06.03.2025. Counsel for the applicant states that he has already deposited Rs. 25 lacs today and would deposit the entire outstanding amount today itself.
In case, applicant deposits the whole of the amount due, bank would not go ahead with the auction. In view of this, the present SA stands disposed of. File be consigned to the record room after du$ compliance.
FfesidThg VHR€f DRT-I, Chandigarh
MS Miodgil Filling Station
Punjab National Bank
As recorded by the court registry
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