The Debt Recovery Tribunal disposed of OA/496/2025 filed by Kotak Mahindra Bank Ltd against Ay Industries. The Bank withdrew the application citing full and final settlement, leading to the dismissal of the OA as withdrawn.
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DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
OA/496/2025 KOTAK MAHINDRA BANK LIMITED Vs Ay INDUSTRIES
AWARD
25.04.2026 Item No.6
Present : Mr . , Counsel for the Applicant. $liP AL_ Mr. , Counsel for defendants.
File put up in the "Lok Adalat".
Bank has filed the affidavit to the effect that the account has been settled at Rs. 9,61,500/- in full and final settlement and it does not want to pursue the present OA. Accordingly, the OA filed by the applicant bank is dismissed as withdrawn. Court fee be refunded as per DRT rule.
A copy of this order be given to both the parties free of cost. File be consigned to record room after due compliance.
Amar\pr
( Law Keiseal Lllc, /
F-e> IV Ul_ (Presidi dg, Officer) LI
KOTAK MAHINDRA BANK LIMITED
Ay INDUSTRIES
Lok Adalat President
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
