United Bank OF India vs Sr. Sunil Thirani on 8 February 2020

Page No.

DEBTS RECOVERY TRIBUNAL - SILIGURI

ORDER SHEET

(Continuation)

Case No.

TOA/273/2017

Vs

<table border="1" style="width: 100%; border-collapse: collapse;"> <thead> <tr> <th style="width: 15%; text-align: center;">Date of Order</th> <th style="width: 65%; text-align: center;">Order with Signature</th> <th style="width: 20%; text-align: center;">Office action with date and dated Signature of parties when necessary</th> </tr> </thead> <tbody> <tr> <td style="vertical-align: top; padding: 5px;">Dated: 8.02.2020</td> <td style="vertical-align: top; padding: 10px;"> <p style="text-align: center;"><b>United Bank of India</b><br/><b>Vs</b><br/><b>Sh. Sunil Thirani</b></p> <p>Present:</p> <p>Mr. Karuna Sagar Mishra, Sr. Manager(Law) appears on behalf of Applicant bank.</p> <p>Mr. Sunil Thirani, the sole Defendant appears for the defendant.</p> <p>The matter is called out under the aegis of the National Lok Adalat. The compromise deed has been filed. It is signed by the parties. The contents are verified and it is accordingly, recorded.</p> <p>The matter has been compromised for Rs. 5,60,000/- (Rupees Five lakh Sixty thousand) only between the parties before the Nation Lok Adalat held on 8.2.2020 as per following terms and condition and defendants will pay the compromise settlement amount as per following schedule :-</p> <ul style="list-style-type: none; padding-left: 40px;"> <li>i) Rs. 28,000/- on 10.2.2020.</li> <li>ii) Rs. 25,000/- in the month of March 2020.</li> <li>iii) Rs. 25,000/- in the month of April 2020.</li> <li>iv) Rs. 4,82,000/- in the month of May 2020.</li> </ul> <p>The compromise shall form part of this order.</p> <p>That in the event of default of payment of the settled amount and/or part of any installments as stipulated here-in-above and/or if there is any prejudice to the securities of the Applicant Bank and/or breach of any terms of settlement the reliefs and concessions granted to the defendants shall stand withdrawn without any further reference to the defendants and the Ld. Tribunal will issue Recovery Certificate for entire amount as prayed for by the Applicant Bank in this regard and same shall be recoverable from the defendant/defendants as per provisions laid down in the Recovery of Debts Due &amp; Bankruptcy Act. 1993.</p> <p>TOA.273/2017 is disposed off as per the settlement in Lok Adalat dated 8.2.2020.</p> <p>Copy of this order be given to the parties. File is consigned to record room.</p> <div style="text-align: right; margin-top: 20px;"> <br/> <b>(D. S. Mahra)</b><br/> Presiding Officer<br/> DRT-Siligur </div> </td> <td style="vertical-align: top; padding: 10px;"></td> </tr> </tbody> </table>

Presiding Officer Debts Recovery Tribunal Siliguri