Debts Recovery Tribunals and Appellate Tribunals
Indian Bank Erstwhile ALLAHABAD BANK vs Sujit Ray And Anr on 21 December 2020
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Page No.**DEBTS RECOVERY TRIBUNAL - SILIGURI****ORDER SHEET**
(Continuation)
Case No. \_\_\_\_\_
Vs
**MA/12/2020 In SA/73/2019**
<table border="1"> <thead> <tr> <th data-bbox="151 218 218 283">Date of Order</th> <th data-bbox="218 218 708 283">Order with Signature</th> <th data-bbox="708 218 839 283">Office action with date and dated Signature of parties when necessary</th> </tr> </thead> <tbody> <tr> <td data-bbox="151 283 218 972">21.12.2020</td> <td data-bbox="218 283 708 972"> <p style="text-align: center;"><b>Sujit Roy & Ors</b><br/><b>Vs</b><br/><b>Indian Bank & Ors</b></p> <p>The matter has been conducted through Virtual Court/online.</p> <p>Ms. Sudha Singh, Ld. Advocate appears on behalf of Mr. Ajith Kr. Mishra, Ld. Advocate for the applicants.</p> <p>Mr. P.K. Sikder, Ld. Advocate along with Mr. A. Mukopadhaya Manager (Law) appears for the respondent bank.</p> <p>Ld. Counsel for the applicant submits that the matter was settled at Rs. 7.00 lakhs in the Lok Adalat and Rs. 1.75 Lakh was immediately deposited by the applicant in the Lok Adalat. The rest of the amount as per the said Lok Adalat settlement was required to be paid on or before 31.03.2019, but due to pandemic the rest of the amount could not be deposited.</p> <p>Ld. Counsel for the applicants submits that the borrower will abide by the undertaking given in the joint compromise petition filed in the Lok Adalat.</p> <p>Ld. Counsel for the respondent bank submits that as the applicant failed to deposit the amount as per the compromise took place in the Lok Adalat, the respondent bank is at liberty to proceed in accordance with law.</p> <p>Heard the Ld. Counsel for the parties.</p> <p>The applicant is allowed to make the entire compromise amount with interest on delayed payment on or before 31.03.2021. If the applicant fails to make the entire compromise amount alongwith interest on or before 31/3/2021, the respondent bank is at liberty to sell the mortgaged property without reference to the Tribunal and Interim order shall be vacated.</p> <p>With the above observation, M.A. No. 12/2020 stands disposed of.</p> <div style="text-align: right;"> <br/> <b>(D. S. Mahra)</b><br/> Presiding Officer<br/> DRT-Siliguri </div> </td> <td data-bbox="708 283 839 972"></td> </tr> </tbody> </table>