The Debts Recovery Tribunal in Chandigarh dismissed an Origin Application as withdrawn. Counsel for the applicant bank stated that the parties had compromised the matter for Rs.27,58,050/- and the applicant did not wish to proceed.
Origin application dismissed as withdrawn by the applicant bank due to settlement.
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DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
TA/7/2025 STATE BANK OF PATIALA Vs M/S J K BATTERIES
06.02.2026 Item No.121
Present: Mr. Vivek Verma, Counsel for the Applicant. None for the defendants.
Counsel for the applicant bank has filed the affidavit of Shri Uttara Mahto, Assistant General Manager and has made a statement at the Bar that the parties have compromised the matter for a sum of Rs.27,58,050/- and he does not want to pursue the present OA. Accordingly, the OA filed by the applicant bank is dismissed as withdrawn .
File be consigned to record room after due compliance.
(A S Narang) Presiding Officer DRT-I, Chandigarh
PANKAJ
State Bank of Patiala
M/s J K Batteries
A S Narang
As recorded by the court registry
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