Debts Recovery Tribunals and Appellate Tribunals
STATE BANK OF INDIA vs P P JEWELLERS PVT LTD AND ORS on 10 January 2026
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**IN THE DEBTS RECOVERY TRIBUNAL-III, DELHI**
**NATIONAL LOK ADALAT HELD ON 10.01.2026**
The Legal Services Authorities Act, 1987.
**TA/381/2022**
**State Bank of India Vs P P Jewellers Pvt Ltd and ors**
Name of Presiding Officer: Shri. Shiv Kumar Presiding Officer, DRT-III, Delhi Name of Member: Shri. Rupak Kumar Registrar, DRT-III
**10.01.2026**
**Item No. 04**
Present: Miss. Simran Chadha, Ld. Counsel for Applicant Bank.
Mr. Ravi Data, Ld. counsel for Defendant.
The matter taken up on National Lok Adalat in hybrid mode.
Ld. Counsel appearing for both the parties jointly submitted that the present matter has been amicably settled between the parties for a total sum of Rs. 111.42 Crores. Pursuant thereto, Ld. Counsel for the Applicant Bank and the Defendants have jointly moved **IA No. 05/2026** seeking a consent decree. It was further submitted, and agreed by both sides, that the present proceedings be disposed of in terms of the conditions stipulated in **IA No. 05/2026**, which has been filed voluntarily and with free consent of both the parties. Accordingly, **TA No. 381/2022** stands disposed of in terms of the settlement as recorded in **IA No. 05/2026**. In the event of any default or breach of the terms of settlement, the Applicant Bank shall be at liberty to move an appropriate application for issuance of a Recovery Certificate in accordance with law. **IA No. 05/2026** shall form an integral part of this order.
File be consigned into record room.
**Sd-** **(Registrar)** **Member**
**Sd** **(Presiding Officer)** **DRT-III, Delhi**