Lok Adalat disposed of an outstanding amount recovery claim filed by Punjab National Bank against MS R K Associates. The parties settled the dispute at Rs. 23 lakh, resulting in the withdrawal of the original claim amount of approx. Rs. 37 lakh.
The claim for Rs. 36,94,265.67 was disposed of based on a settlement of Rs. 23,00,000.00.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
BEFORE THE LOK ADALAT AT DEBTS RECOVERY TRIBUNAL-1, KOLKATA. JEEVANSUDHA BUILDING, 42C,JAWAHARLAL NEHRU ROAD KOLKATA-700 071
Dated 25th JULY, 2026
Plaintiff: PUNJAB NATIONAL BANK
Represented by
Mr. K.S. Mishra, Senior
Manager (Law)
Sri Subrata Mallick,C.M.
Defendant/Respondent MS R K ASSOCIATES
Represented by-None
Case No. OA/572/2023 Present:
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:-
The case is taken up for hearing.
The claim of the petitioner Bank recoverable from the Defendant amounts to Rs. 36,94,265.67/-.
The parties have amicably settled dispute at Rs. 23,00,000.00/-.
In view of the compromise arrived between the parties the OA is disposed of in terms of the settlement.
Ld. Registrar is directed to refund of Court Fee to the Applicant Bank in terms of the Rules.
(TANUKA BASU) (AMBUJA MOHAN DAS) LD. ADVOCATE JUDICIAL OFFICER (RETD.) MEMBER OF THE BENCH MEMBER OF THE BENCH OF LOK ADALAT OF LOK ADALAT
(7)
Punjab National Bank
MS R K Associates
Ambuja Mohan Das
Tanuka Basu
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
