National Lok Adalat ordered disposal of debt recovery dispute after respondent paid Rs. 9,52,000 for full and final settlement, cancelling the fixed date and returning original documents to the bank.
Matter disposed of in terms of compromise; original documents returned to applicant bank.
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DEBTS RECOVERY TRIBUNAL.II, DELHI NATIONAL LOK ADALAT HELD ON 22.03.2025 (SUNDAY)
Organised Bv: DRT-II, Delhi
AuthoriW: DSGA, Dethi
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Petitioner/Applicant : yES BANK LIMITED
Defendant/Respondent: PAWAN KUMAR
No. of Proceedings of tne rtem No.57 of the Tribunal
Name of Presiding officer : shri sushil Kumar Rastogi, presiding officer, DRT-II, Delhi & NaUonal Lok Adalat Judge
Name of Memberc (1) Mr. yash pal, Registrar, DRT-rr, Delhi
AWARD
This matter is taken by this Tribunal in hybrid mode i.e. physical as well 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:- shri Saransh Bhardwai, counsel for applicant bank
The Ld. Counsel for applicant bank submits that bank has received an amount of Rs.9,52,0O0/- towards full and final satisfaction of the claims of the bank before National Lok Adalat.
Accordingly, the dispute between the parties stands amicablyecfrled..-_ _
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 oRtjIi, Oethi be returned to applicant bank. The date already 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
ROAC-Petitioner/Appticant ROAC Defendant/Respondent 'sffiot r[
(Registrar) Member-f
o; (Presidinf Officer) DRT-II, Delhi & National Lok Adalat Judge
YES BANK LIMITED
PAWAN KUMAR
shri sushil Kumar Rastogi
Mr. yash pal
As recorded by the court registry
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