Debts Recovery Tribunals and Appellate Tribunals

PUNJAB NATIONAL BANK vs SANTOSH KUMAR YADAV on 10 May 2025

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),, DEBTS RECOVERY TRIBUNAL.II, DELHI NATIONAL LOK ADALAT HELD ON 1O.O5.2025 (Satuday) Organised Byl DRT-I[, Delhi Authoritv: DSLSA, Delhi TA1294t2022 Petitioner/Applicant : PUNJAB NATIONAL BANK Defendant/Respondent : SANTOSH KUMAR YADAV No. of Proceedings of the ltem No.44 of the Tribunal Name of Presiding ofrier : shri sushil Kumar Rastogi, Presiding officer, DRT-II, Delhi & NaUonal lok Adalat Judge Name of Members (1) Shri Vaatsalya Kumar, Reoovely Officer 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 National Lok Adalat and the parties having compromised/settled the case/matter, the following Award is passed in terms of the Settlement. Present:- Shri Sartaj Singh, counsel for Applicant Bank alongwith Shri KC Roy, Law Officer of Applicant Bank None for the defendants Shri KC Roy, Law Officer of the Applicant Bank and Shri Sartaj Singh, Counsel submits that bank has received an amount of Rs.27r0Or0O0/- towards full and final satisfaction of the claims of the bank before National Lok Adalat. Accordingly, the dispute between the pafties stands amicably settled. This compromise settlement between the pafties 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 ebe copsigned to record room. v5 ROAC icant ROAC Defendant/Respondent )) (Recovery Member-I (A: (PresidingOfficer) DRT-II, Delhi & National Lok Adalat Judge ,o 65, t\

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