The Debt Recovery Tribunal allowed the applicant's prayer to release title deeds and issue a No Objection Certificate within ten days after the applicant deposited the Outstanding Tendered Settlement amount.
Release of title deeds and issue of No Objection Certificate within ten days.
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DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
SA/52/2026 SHRADHA SABURI EDUCATIONAL SOCIETY Vs PUNJAB NATIONAL BANK
03.08.2026
Item No.4
Present: Mr. Akhilesh Vyas, Counsel for the Applicant (on VC). Mr. Sachin Rana, proxy Counsel for Mr. Arvind Rajotia, Counsel for respondent bank.
Counsel for the parties’ state that there was an OTS between the parties, and pursuant to the OTS, the applicant has deposited the entire OTS amount. However, the Bank has not released the title deeds. In case, the applicant has deposited the OTS amount, the Bank is directed to release the title deeds and issue the No Objection Certificate (NOC) within ten days from today. 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
PANKAJ
Shradha Saburi Educational Society
Punjab National Bank
A S Narang
As recorded by the court registry
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