Debts Recovery Tribunals and Appellate Tribunals
PUNJAB NATIONAL BANK vs CHAINS INDIA on 13 December 2025
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**BEFORE NATIONAL LOK ADALAT DEBTS RECOVERY TRIBUNAL, DEHRADUN** (2<sup>nd</sup> Floor, Paras Tower, Saharanpur Road, Mazra, Dehradun, Uttarakhand-248171) (Jurisdiction- Uttarakhand & Part of Western Uttar Pradesh)
**AWARD** IN Transfer Application No. 02 of 2023
**Between:-**
**Punjab National Bank**
**Applicant Bank.....**
**Versus**
**M/s Chains India & Ors.**
**Respondents.....**
Ld. Chief Manager Sh. Naveen Prakash with Ld. Nodal Officer of Applicant Bank Sh. Ashish Patel present. Ld. Counsel for defendants Sh. Brij Pal with Sh. Shamshad Ali Brother of Defendant No.2 Sh. Ansari Ali Rana present.
Ld. Counsel for defendants Sh. Brij Pal with the brother of Defendant Sh. Shamshad Ali on behalf of M/s Chains India mentioned the case before the Bench by showing willingness to settle the account.
There is no controversy between the parties, a settlement has been taken place in the year 2005 and defendants have paid an amount of Rs.10,50,000/- (Rupees Ten Lacs Fifty Thousand only) against the settlement amount of Rs.27,50,000/- (Rupees Twenty Seven Lacs Fifty Thousand only). But defendants have failed in repayment of rest amount as per settlement and again a settlement has taken place between the parties in 2011 and defendants have paid Rs.10,00,000/- (Rupees Ten Lacs only) against the settlement amount of Rs.23,00,000/- (Rupees Twenty Three Lacs only) and failed in repayment of rest amount of settlement, the settlement has taken place in relation to two accounts, for the Transfer Application No. 02/2023 Punjab National Bank Vs. M/s Chains India & Ors and another account of Khatauli Agro Industries (no any Recovery Certificate or Original Application for recovery for the area in relation to Khatauli Agro Industries is pending, no secured assets available in relation to Khatauli Agro Industries).
In this matter, the Applicant bank has filed this petition in Original Suit before Ld. Civil Judge Senior Division Muzaffarnagar Original Suit No. 158/1996. This matter had been transferred to Ld. DRT, Jabalpur and again in Ld. DRT, Allahabad, and after that Ld. DRT Lucknow and lastly transferred to this Tribunal and registered as T.A. No. 02/2023. The situation has shown that the Applicant bank authorities were not sincere in relation to recovery of this loan account.
Sh. Shamshad Ali and Ld. Counsel for defendant Sh. Brij Pal has informed that that the borrowers have already been died except Sh. Ansari Ali Rana, he is aged about 60 years now. Sh. Shamshad Ali brother of Ansari Ali Rana has approached this Tribunal for settlement and want to save reputation of the family through settlement of the account and ready to repay the amount of Rs.13,00,000/- (Rupees Thirteen **BEFORE NATIONAL LOK ADALAT DEBTS RECOVERY TRIBUNAL, DEHRADUN**
(2<sup>nd</sup> Floor, Paras Tower, Saharanpur Road, Mazra, Dehradun, Uttarakhand-248171) (Jurisdiction- Uttarakhand & Part of Western Uttar Pradesh)
Lacs only), not paid amount due to adverse situation in relation to settlement taken place in the year 2011.
The amount claimed through this Original Suit/T.A. No.02/2023 Rs.19,65,000/- (Rupees Nineteen Lacs Sixty Five Thousand only) and nothing is available to the Applicant bank in relation to account of Khatauli Agro Industries and this litigation is pending since 1996 and company has already been closed before 2005 as per knowledge of Sh. Shamshad Ali brother of defendants.
After considering whole of the circumstances and version of Ld. Chief Manger Sh. Naveen Prakash and representation of defendants, in the opinion of the Tribunal, it shall be fruitful for both the parties to settle the matter. If Sh. Shamshad Ali shall repay an amount of Rs.25.00Lacs(Rupees Twenty Five Lacs only) within a period of Seven days the settlement shall be final.
In case of non-payment within seven days, Sh. Shamshad Ali shall be liable to repay Rs.26.00Lacs(Rupees Twenty Six Lacs only) after seven days up to one month and after one month shall be liable to pay Simple interest @8% up to three months not later that. In case of non-payment within the time provided by this order, the Recovery Certificate shall be issued in the name of Sh. Shamshad Ali and Sh. Ansari Ali Rana for an amount of Rs.26.00Lacs(Rupees Twenty Six Lacs only) with simple interest @10%.
The amount of Rs.26.00Lacs(Rupees Twenty Six Lacs only) had been fixed by the Tribunal on the basis of admission of Sh. Shamshad Ali for Recovery Certificate.
This Transfer Application, as pending since 1996, is disposed off in the light of above observations in National Lok Adalat. No order as to cost.
Interim order, if any vacated. All interim applications are disposed off accordingly.
Original copy of this judgement is forwarded to Ld. Registrar, Debts Recovery Tribunal, Dehradun for placing on record as the case is disposed off finally in the light of settlement between the parties.
Let copy of this judgement be provided to the concerned parties or their representatives.
(Given under the hand and seal of the National Lok Adalat Bench on this date 13<sup>th</sup> December, 2025)
(Varun Gaur) Recovery Officer- II Member
(Mukesh Kumar Gairola) Registrar Member
(Umesh Kumar Sharma) Presiding Officer Chairman 13.12.2025