Yes Bank v. Shankar Projects
Case brief
What is this about?
A Debt Recovery Tribunal Lok Adalat disposed of an arbitration stay application between Yes Bank Ltd. and Shankar Projects following a mutual settlement of the disputed claim at Rs. 25,15,000.
What did the court decide?
Refund of court fee to the bank along with disposal of the application under terms of the settlement.
What the court decided
BEFORE THE LOK ADALAT AT DEBTS RECOVERY TRIBUNAL-1, KOLKATA. JEEVANSUDHA BUILDING, 42C,JAWAHARLAL NEHRU ROAD KOLKATA-700 071
Dated 25th April , 2026
Plaintiff:
YES BANK LTD.
Represented by
Mr. Sourav Das, Ld. Advocate and Mr. Koushik Kumar Das, Authorised Officer
Defendant/Respondent
SHANKAR PROJECTS Represented by-None
Case No. OA/391/2025 Present:
- SHRI AMBUJA MOHAN DAS DISTRICT JUDGE (RETD.) 2) SMT. SOMA CHOWDHURY BANDHU ADVOCATE
A W A R D
The dispute between the parties have been referred for determination in the Lok Adalat and the parties having compromised /settled the case/matter, the following award is passed in terms of the settlement:-
Issues for consideration
1 issue framed by the court
Whether the stay order under the Debt Recovery Tribunal Lok Adalat procedure is to be lifted upon settlement of the amount claimed.
Parties & counsel
- applicant
YES BANK LTD.
- respondent
SHANKAR PROJECTS
Coram
SOMA CHOWDHURY BANDHU
Case details
As recorded by the court registry
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