The Debts Recovery Tribunal, Chandigarh, disposed of the Special Application after the respondent bank reported a settlement of Rs. 190.50 lacs, with Rs. 100.00 lacs already deposited by the applicant.
Special Application dismissed following a settlement report by the respondent bank.
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DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
SA/49/2026 MESSRS AULAKH TRADING COMPANY AND ORS Vs STATE BANK OF INDIA
24.04.2026 Item No.12
Present: Mr. Gaurav Bharatwal, proxy Counsel for Mr. Atul Sharma, Counsel for the Applicant. Mr. KPS Dhillon, Counsel for respondent bank.
Counsel for the respondent bank states that there has been settlement between the parties for a sum of Rs.190.50 lacs and as per the settlement applicant has deposited Rs.100.00 lacs and the last date of payment is 10.06.2026. In view of this, the SA stands disposed of .
File be consigned to record room after due compliance.
(A S Narang) Presiding Officer DRT-I, Chandigarh
HARSH
Messrs Aulakh Trading Co. and Ors.
State Bank of India
A S Narang
As recorded by the court registry
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