Yes Bank v. Manmath Naik
Case brief
What is this about?
Lok Adalat allowed compromise between Yes Bank Ltd. and Manmath Naik. Bank claimed Rs. 1.26 crore for recovery; parties settled for Rs. 35.57 lakh. Case disposed accordingly.
What did the court decide?
Compromise accepted at Rs. 35,57,000.00. Case disposed. Court fee refunded to petitioning bank.
What the court decided
BEFORE THE LOK ADALAT AT DEBTS RECOVERY TRIBUNAL-1, KOLKATA. JEEVANSUDHA BUILDING, 42C,JAWAHARLAL NEHRU ROAD KOLKATA-700 071
Dated 2 5 th April , 2026
Plaintiff:
YES BANK LTD. Represented by
Mr. Sourav Das, Ld. Advocate and Mr. Koushik Kumar Das, Authorised Officer
Defendant/Respondent
MANMATH NAIK Represented by-None
Case No. OA/748/2025 Present:
- SHRI AMBUJA MOHAN DAS DISTRICT JUDGE (RETD.)
- 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:-
Parties & counsel
- petitioner
Yes Bank Ltd.
- respondent
Manmath Naik
Coram
Ambuja Mohan Das
Case details
As recorded by the court registry
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