National Lok Adalat disposed of a bank recovery dispute where the parties reached a compromise; petitioner bank received Rs. 25 Crores via funds transfer.
Matter disposed of based on compromise settlement amounting to Rs. 25 Crores.
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a 5
organised Bv: DRT-rr, Derhi Authoritri DstsA, Dethi
TAl94l2023
Petitioner/Applicant : STATE BANK oF INDIA
Defendant/Respondent: SANATAN LocrsTrcspwLTD
No. of Proceedings of tne rtem No.17 of the Tribunat
Name of Presiding officer : shri sushir Kumar Rastogi, presiding officer, DRT-II, Delhi & National Lok Adalat Judge
Name of Members (1) Mr. yash pal, Registrar, DRT-rr, Delhi
AWARD
This matter is taken by this Tribunal in hybrid mode i.e. physical as well as through Video Conferencing.
The dispute between the parties having been referred for determination to the National Lok Adalat and the parties having compromised/settled the case/matter, the following Award is passed in terms of the SeUlement.
Present:- Ms. Jaya Tomar, Counsel for applicant bank alongwith ShriAjay Krishan, Choudhary Chief Manager
The Ld. Coirnsel for applicant bank alongwith Shri Ajay Krishan Choudhary, Chief Manager submits that bank has received an amount of is.S,25 Crores towiros futt and final satisfaction of the claims of the bank before National Lok Adalat.
Accordingly, the dispute between the parties stands amicably settled.
This compromise settlement between the parties is suo motto and with free wil.
In these circumstances, compromise is recorded. Now, the matter stand disposed of in terms of compromise and the original documents, if any, filed before oirili, oetni 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 ROAC
Defendant/Respondent
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(Presidirg urrrbr) -
DRT-II, Delhi &
National Lok Adalat Judge
1 provisions across 1 enactments
STATE BANK OF INDIA
SANATAN LOCOMOTIVE LTD
sushir Kumar Rastogi
yash pal
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
