The Debt Recovery Tribunal dismissed Special Appeal SA/42/2024 as withdrawn pursuant to an Order to Settle (OTS) entered on 17.04.2026. The bank agreed to restore possession and return title deeds upon OTS payment.
The Special Appeal was dismissed as withdrawn. The Respondent Bank is directed to restore possession and return title deeds upon payment of the OTS amount.
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.
DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
SA/42/2024 NIPUN JAIN Vs STATE BANK OF INDIA
22.04.2026 Item No.36
Present: Mr. C.S. Pasricha and Mr. K.D. Sharma, Counsel for the Applicant.
Mr. Devender Rattan, Ms. Devika Raj and Ms. Nisha Ola, Counsel for respondent bank
Parties have entered into an OTS on 17.04.2026. As per the OTS, the applicant has undertaken to withdraw the SA. Accordingly, the SA is hereby dismissed as withdrawn . However, it is made clear that, on the payment of the OTS amount, the respondent bank would restore the possession and return the title deeds to the applicant as per the terms and conditions of the OTS.
File be consigned to record room after due compliance.
(A S Narang) Presiding Officer DRT-I, Chandigarh
PANKAJ
Nipun Jain
State Bank of India
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
