The Debts Recovery Tribunal dismissed the origin application filed by Punjab National Bank as withdrawn following a settlement between the parties for Rs. 875 lakhs.
The origin application was dismissed as withdrawn.
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DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
OA/1532/2023 PUNJAB NATIONAL BANK Vs HARMAN RICE PVT LTD
24.03.2026
Item No.98
Present: Mr. CS Pasricha, Counsel for the Applicant. Ms.Lovedeep Kaur proxy for Ms.Deepshikha Gupta, Counsel for defendant No. 1 to 5 and 7. Mr.Varun Tuteja proxy for Mr.RS Randhawa, Counsel for defendant No. 6.
Counsel for the applicant bank has filed the affidavit of Shri Sandeep Singh, Senior Manager and has made a statement at the Bar that the parties have compromised the matter for a sum of Rs.8,75,00,000/- and he does not want to pursue the present OA. Accordingly, the OA filed by the applicant bank is dismissed as withdrawn .
File be consigned to record room after due compliance.
(A S Narang) Presiding Officer DRT-I, Chandigarh
MANOJ
PUNJAB NATIONAL BANK
HARMAN RICE PVT LTD
A S Narang
As recorded by the court registry
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