PUNJAB NATIONAL BANK vs 1.Mr. Ravi Pal Udar Borrower AND OTHERS on 23 October 2026

DI,]I}TS ITE CO VEI{Y AI,I,ELLATE T.IUIT UNAI,, DELITI Arisingu,turff ";,i.i;';:rili:rl11,or_,r,Derhi) Itcm No.2l I'uniab l\ational llank V. Sh. ltavi Pal Udar and othcrs 23'10'2026 Hon'hre Dr. Justicc Sudhir Kumar Jain Prcscnt: sh. orn prakash pahuja, Advocatc ftrr appcllant through vc Sh' Itajcsh pandit, Advocatc for rcspondcnt no.3 through vc 'l'l-ris ,rattcr is tar<cn up [hr..uuh Ilybricl hcari,g. Oltl)lrllt (OttAL) l' 'l'hc rcsponclctrt r-ro'3 hars alrcacly tilccl application bcaring I.A. N<>.2751202(.t whcrcin statcd tllat tllc 'csp,ttclcut ,o.3 clr-rring tl-rc pc,clcr-rcy of thc prcscnt appcai apptrrachccl thc appcllarrt viclc paymcnt scttlcmcnt proposal datccl 13.lg.292-5 for scttlctrcnt ol'thc at"n.unt which was statccl to bc clisbLrrscd 1o thc rcsp'nclcnt rrol trncl 2 altlng with intcrcst within a pcriocl o1'36 months. 'l'hcrcallcr thc appcllant viclc scttlctrlcnt acccptancc Icttcr c{atccl 21.11.2025 has acccptcd thc saicl p*rposal atrcl als<l acl<n<lwlcclgccl thc rcccil-rt ol'I{s.25 lacs paicl by tho rcsp<lrrd,rt no.3..l.hc tcrtlls ancl crlnclitions ol' scttlcmcnt as contarinccl in para--5 of'thc applicali<)n arc rcproclucccl as unclcr: A' tjpl'ront payrnent ol' I1s.25,00,000/- (l)l) alrcacly subrnittcrl) shall bc appropriatcd immcdiatcly. Il. ltcmaining dues to be paid as pcr I)R'I-ordcr tlated 06.1I .2024. (-.. AII accrucd and lirture intcrcst with applicablc charges to thc paicl till thc datc of complctc ad.justrncnt of account. l). No ducs certilicatc will lrc issucd only on rcccipt o1'cntirc amount :rs pcr tcrms tlf the sanction & No documcnts shall bc rcleasc, until liq uidation/ad.j ustmcnt ol' accou nt. It. Chargcs on sccurity shall be relcased only aftcr reccipt of entirc amount with upto datc intcrcst and chargcs ,ls pcr tcrms of sanction. ,l--/

Ft F'. Tripartite Agrecmcnt (TPA) dated (17.(13.2017 to be terminated only aftcr liquidation of account with upto date interest and chargcs. G. Aftcr making paymcnt in full towards the entire outstanding Iiabilities in the subject loan account, incruding the principar, accrued intercst, penal intcrcst, cost and othcr applicable chargcs, up to the datc of realization, by thc builder, thc bank shall trcat the said loan account as fully liquidatcd and closcd and the original allotment lettcr issued in respcct of thc subject propcrty shall be returncd thc builder. [I' On closure of accbunt, no claim, dcmand or disputc shall lic against the llank in rcspcct of the"subjcct allotment. [. Proposal for Iiquidation of account is being considcred by thc bank as a commercial dccision and shall have no bearing what.L.r". 9n thc ongoing criminal case/invcstigation, if any being carried gut by thc ClIl/police and the same shall procccd as pcr law. .I. Party shall withdraw the countcr claim/criminal casc filed against the Ilank/its officials immediately, if any.

2. Irr vicw tll'thc scttlctrcr]t acccptancc lcttcr clatccl 21.11.2025, Sh. I{al<csh I)anclit, Aclvocatc lirr thc rcspondcnt no.3 statc<J that thc prcscnt appcal bc accorclilgly clisposccl ol. 3' Sh. Orll I)ral<zlsll I)alluria, Advocittc f clr thc appcllant/l)r-rn.izrb National Ilanl< statccl that althtlugh tl-rc rcsponclont no.3 has scttlccl viclc scttlcmcnt acccptancc lcttcr clatccl 21.l|1.2025 br-rt thc ctrtit'c paytror-rt was Lo bc paicl witl-rin a pcriocl r>l' 3(r trrtrtrtlrs which woulcl bc cnciirrg in thc ycar 2028. IIc statccl that tl-rc prcscnt appcal can bc c{isposccl of- in vicw o{'thc scttlcnrcnt with thc rcsponclcnt no.3 but with libcrty t<l thc appcllarrt to rcvivc thc appcal in casc of'altcrccl circumstanccs or thc paytncnt is not Irladc by thc rcsponclcnt no.3 as scttlcd bctwcor-r thc partics.

4. Irr vicw of'thc sr-rbrr-rissiot-t n-taclc I-rcroinabovc, thc prcscnt appcal is allowccl to bc clisptlsccl olhs cotrprotrtisc [rLrt with [hc libcrty to thc appr:llar-rt to rcvivc tlrc prcsc.t appcral itl cersc <ll'altcrccl cit'cuttrstitrrccs not only agairrst thc rcsp'nclcrt no.3 buI also agaillst [hc rcsptlnclcnt no I anc|2.'l'hc pcrrcling apptications, il'any, also stancl clisposccl of. (Dr. Justicc Sudhir Kumar Jain) Chairperson v$