Debts Recovery Tribunals and Appellate Tribunals

PUNJAB NATIONAL BANK vs M/S DELHI petrochem on 4 November 2026

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**Debts Recovery Tribunal-II, Delhi**

**TA/1544/2023**

**PUNJAB NATIONAL BANK Vs M/S DELHI PETROCHEM**

04.11.2026

Item no. 25

Present: Mr. S. K. Sharma, counsel for applicant bank. Ms. Shivika Mehra, counsel for defendants.

Matter is taken through Video Conferencing/ hybrid Mode.

2. **IA no.3052/2026** has been filed by the applicant bank for withdrawal of the present TA and counter claim.

3. The Ld. Counsel for the applicant bank submits that the defendants accepted the terms of OTS and accordingly paid the entire OTS amount. He further submitted that he wish to withdraw the present TA.

4. In view of amicable settlement, **IA no. 3052/2026 is allowed. TA no. 1544/2023 is dismissed as withdrawn.** All the pending IAs stand disposed of.

File be consigned to record room.

SA (SUSHIL KUMAR RASTOGI) PRESIDING OFFICER, DRT-II, Delhi

A

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