Special Lok Adalat-III dismissed a dispute between Punjab National Bank and Shri Ra'esh Monga & Others following an amicable settlement where the bank received a sum to satisfy claims.
The dispute was amicably settled by the parties, the account was closed, and the matter was disposed of.
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.
SPECIAL LOK ADATAT HELD ON 30.05.2026 (SATURDAY)
Orcanised By: DRT-II, Delhi
Authority: DSISA, Delhi
TAl2OL7l2022
Petitioner/Applicant : PUNJAB NATIONAL BANK Defendant/Respondent SHRI RA'ESH MONGA & OTHERS
No. of Proceedings of tfr" ftgm NO.40 of the Tribunat
Name of Presiding Officer : Shri Sushil Kumar Rastogi, Presiding Officer, DRT-II, Delhi & Special Lok Adalat Judge
Name of Memberc (1) Ms. Archana Sehgal, Recovery Officer-I
AWARD
This matter is taken by this Tribunal in hybrid mode i.e. physical as well as through Video Conferencing.
The dispute between the pafties having been referred for determination to the Special Lok Adalat and the parties having compromised/settled the case/matter, the following Award is passed in terms of the Settlement.
Present:- Mr. OP Bhalotia, Chief Manager, Ms. Nishtha Srivastava, Law Officer of applicant bank
The Officers of the Applicant Bank submits that bank has received an amount of Rs.1,01,24,5201- towards full and final satisfaction of the claims of the bank before Special Lok Adalat and the said account will be closed during the course of the day.
Accordingly, the dispute between the parties stands amicably settled.
This compromise settlement between the parties is suo motto and with free will.
In these circumstances, compromise is recorded. Now, the matter stand disposed of in terms of compromise and the original documents, if any, filed before DRT-II, Delhi be returned to applicant bank. The date already fixed in the matter before DRT stands cancelled. The file be consigned to record room.
The applicant bank is at liberty to move an appropriate application for seeking refund of court fees.
^.ROAC Petitioner/Applicant ROAC Defendant/Respondent sBlorht CLin+ (C sl'z2lt Member-IOfficer) SJ (Presiding urficer) DRT-Itr, Delhi & Special Lok Adalat Judge
1 provisions across 1 enactments
PUNJAB NATIONAL BANK
Shri Sushil Kumar Rastogi
Ms. Archana Sehgal
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
