Debts Recovery Tribunals and Appellate Tribunals
PUNJAB NATIONAL BANK vs M/S SARVHIT TRUST on 13 July 2024
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NATIONAL LOK ADALAT - 13.07.2024
DEBTS RECOVERY TRIBUNAL, LUCKNOW
M.A. No. 37 of 2024
In
O.A. No. 1503 of 2018
(Punjab National Bank Vs M/s Sarvhit Trust & Ors.)
The instant case is taken up on the prayer of Applicant Bank.
The Applicant has stated that the matter has been settled between the parties and the total Settlement Amount of Rs. 30.00 crore has been deposited by the Defendant. The Application is supported by Affidavit of Shri Sanjay Vaish, presently posted as Chief Manager, Punjab National Bank, Branch Office, Zonal SASTRA Centre, Meerut.
Keeping in view prayer of the Applicant, taking lenient view on account of National Lok Adalat, prayer for withdrawal of the case is allowed.
Files be consigned to records.
(A. H. Khan)
Presiding Officer