Punjab National Bank v. Sri Manjoy Debnath
Case brief
What is this about?
Lok Adalat disposed of an original application for recovery of bank dues via a voluntary settlement. The parties agreed to Rs. 24,02,000/- against a claim of Rs. 32,63,825.51/-, resulting in cessation of proceedings.
What did the court decide?
Original application disposed of based on a compromise sum of Rs. 24,02,000/-; court fees refunded.