In a hybrid mode hearing, the Tribunal recorded an award in a referenced matter where the applicant bank and respondent reached a settlement. The dispute was amicably settled, leading to the disposal of the matter.
The compromise was recorded, the matter was disposed of, and original documents were to be returned to the applicant bank.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
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Organised By: DRT-II, Delhi
Authority: DSLSA, Delhi
oAl lLl2023
Petitioner/Applicant : srATE BANK oF rNDrAoF rNDrA Defendant/Respondent: sAryrDASADULrsLAM
srATE BANK oF rNDrAoF rNDrA
No. of Proceedings of tne rtem No,23 of the Tribunat
Name of Presiding offier : shri sushi! Kumar Rastogi, presiding officer, DRT-II, Dethi & National Lok Adalat Judge
Name of Members (1) Mr. yash par, Registrar, DRT-rr, Derhi
AWARD
This matter is taken by this Tribunal in hybrid mode i.e. physical as wel as through Video Conferencing.
The dispute between the parties having been referred for determination to the National Lok Adalat and the parties having compromised/settled the case/matter, the following Award is passed in terms of the Settlement.
Present:- Ms. Jaya Tomar, Counset for applicant bank alongwith Shri Ajay Krishan, Choudhary, Chief Manager
The Ld. Counsel for applicant bank alongwith Shri Ajay Krishan Choudhary, Chief Manager submits that bank has received an amount of ds.g.35 Crores towiias futt and final satisfaction of the claims of the bank before National Lok Adalat.
Accordingly, the dispute between the parties stands amicably settled.
This compromise settlement between the parties is suo motto and with free will.
In these circumstances, compromise is recorded. Now, the matter stand disposed of in terms of compromise and the original documents , if any, filed before onilli, oetni be returned to applicant bank. The date atready fixed in the matter before DRT stands cancelled. The file be consigned to record room.
The applicant bank is at liberty to move an appropriate application for seeking refund of court fees.
ROAC
ROAC Defendant/Respondent
q
(Registrar)
M9T-ry.I
S"l
(Presidinf Officer)
DRT-II, Dethi &
National Lok Adalat Judge
State Bank of India
Sarydas Adulsam
Sushi Kumar Rastogi
Yash Piar
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
