Debts Recovery Tribunals and Appellate Tribunals
MS ANSARI TEXTILES vs PUNJAB NATIONAL BANK on 14 March 2026
**BEFORE NATIONAL LOK ADALAT
DEBTS RECOVERY TRIBUNAL**
2<sup>nd</sup> Floor, Paras Tower, Saharanpur Road, Mazra, Dehradun, Uttarakhand-248171)
(Jurisdiction- Uttarakhand & Part of Western Uttar Pradesh)
**AWARD**
IN
M.A. No. 06 of 2026(arising out of S.A. No. 84 of 2025)
Reference made by:-
- • Ld Counsel for the applicants
Between:-
M/s Ansari Textiles & Others
----- Applicants
Versus
Punjab National Bank
-----Respondent Bank
Whereas the applicant has filed this M.A. No.06 of 2026 (arising out of S.A. No. 84 of 2024) in the Debts Recovery Tribunal at Dehradun against the recovery of a sum of Rs. 1,52,79,711/- together with interest, cost etc. by the bank.
Whereas during the pendency of the case before the DRT, Dehradun the applicant and the respondent Bank have mutually arrived at a settlement on 11.03.2026 through reconciliation/mediation for full and final settlement of the Bank for Rs.1,35,00,000/- against the Account of M/s. Ansari Textiles & Others. Out of which the applicant will pay settled amount as per the payment schedule detailed below:
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1. 1. Rs.50.00Lacs as upfront amount to the Bank (already paid by DDs of Rs. 25 Lakh each). The balance amount of Rs.85.00Lacs is to be paid within 90 days from Award in three instalments.
2. 2. First installment of Rs.20.00Lacs on or before 14.04.2026
3. 3. Second installment of Rs.30.00Lacs on or before 14.05.2026
4. 4. Third installment of Rs.35.00Lacs on or before 12.06.2026
The settlement is consented by both the parties and at the request of the parties; the matter is taken up before this National Lok Adalat on this day of 14<sup>th</sup> March, 2026.
There is no legal bar in considering this settlement and the case is disposed off in the light of this award.
If, the borrower / applicant fails to deposit the entire settled amount as above on or before 14.06.2026, Bank shall be free to take action for recovery of its dues by any available legal means. Both parties have given their consent for the settlement as above during reconciliation/mediation proceedings.
Original copy of this award is forwarded to the Ld. Registrar Debts Recovery Tribunal, Dehradun for placing the award on record. Let copy of this award be provided to the concerned parties or their representatives.
(Given under the hand and seal of the National Lok Adalat Bench on this date 14<sup>th</sup> March, 2026).
(Varun Gaur) Recovery Officer-II Member
(Mukesh Kumar Gairola) Registrar Member
(Umesh Kumar Sharma) Presiding Officer Chairman