Punjab National Bank filed an appeal to challenge a compromise/settlement arrangement reached with defendants Alpha Logistics. The court dismissed the application as infructuous due to the settlement.
The TA No.152/2023 was dismissed as infructuous.
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Debts Recovery Tribunal-Il, Delhi
TAlLszl2023
PUNJAB NATIONAL BANK Vs ALPHA LOGISTICS
29.04.2025
Item no. 55
Present: Mr. Rajesh Kumar Shandilya, counsel for applicant bank.
None for defendants.
Matter is taken through Video Conferencingl hybrid Mode.
The Ld. Counse! for the applicant bank has submitted that the matter has been settled with the defendants, therefore the present TA may be dismissed as infructuous.
In view of the above, the present TA No.152/2023 is dismissed as infructuous.
File be consigned to record room.
il
(susHrl KUMAR ilnSrOCrl PRESIDING OFFICER, DRT-II, Delhi
A
Punjab National Bank
Sushil Kumar Bansal
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
