Debts Recovery Tribunals and Appellate Tribunals
PUNJAB NATIONAL BANK (ORIENTAL BANK OF COMMERCE) vs SHANKAR VISHNU PAGAR on 3 March 2024
BEFORE THE NATIONAL LOK ADALAT
AT
DEBTS RECOVERY TRIBUNAL NO.3 MUMBAI
Saturday, this the 3<sup>rd</sup> March 2024
T. ORIGINAL APPLICATION NO. 1562 of 2016.
Punjab National Bank (PNC) ... Applicant
And
Shankar Nishny Vayer ... Defendants
Matter taken up in National Lok Adalat today. The Applicant has filed the Application bearing I.A. No. 321 of 2024 for withdrawal of the present Original Application.
After hearing by the National Lok Adalat Bench, the Bench is of the view that the Application for Withdrawal has been filed by the Applicant with free will and volition, without any force, pressure and coercion. Hence, the following Award is passed in terms of Withdrawal Application:
: AWARD :
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1. 1. The claim of the Applicant is fully satisfied in the sum of Rs. 2,15,000/- against the claim of Rs. 14,21,157/-.
2. 2. The Defendants paid the agreed amount of Rs. 2,15,000/- (Rupees Two lakhs fifteen thousand only) to the Applicant and the Applicant passed receipt to the Defendants to that effect.
3. 3. In view of the said settlement by way of Award, the Original Application No. 1562 of 2016 is closed on account of the settlement.
4. 4. The original documents, if any, be returned to the Applicant after placing the certified copy of the same on record.
5. 5. The Court Fee be refunded as per Section 21 of the Legal Services Authorities Act, 1987.
RO & AC
APPLICANT
Awarded on this 3<sup>rd</sup> day of March 2024.
PANEL MEMBERS
Sapan Kumar, Member (AGM, SBI)
Santosh N. Bhide, Member (Advocate)
Subhash D. Dharmadhikari (Retd. Dist. Judge)
PRESIDING JUDGE
NATIONAL LOK ADALAT BENCH
DRT-3, MUMBAI AT: VASHI