Order 13

Order Details: COPY OF ORDER
Pdf Text: Execution(Comm.) 140/24
PANJAB NATIONAL BANK Vs. Prince Babbar M/S. ROYAL
BABBAR JEWWLLERS
19.03.2025
Present : Sh. Devendra Saran Saxena, Ld. Counsel for the DH along with Sh.
Rajeev Kumar Thakur,Senior Manager/AR of the DH Bank.
Sh. Rahul Bhagat, Ld. Counsel for the JD.
Sh. Price Babbar, JD appeared through VC.
The matter is fixed for apprising to the court regarding the remaining
part payment of the settled amount by the JD to the DH and also for consideration on
the application for waving of the cost imposed on the JD.
Today, AR/Senior Manager of the DH bank has appeared and apprised
to the court regarding the non-payment of the remaining part of the settled amount.
He has given the statement as under:-
Statement of Sh. Rajeev Kumar Thakur, S/o Sh. Mod Narayan Thakur, aged about 44
years, R/o Flat No. 79, Anekant Apartment, Vasundhara Enclave, Delhi – 96 (Senior
Manager/ AR of Punjab National Bank, Branch Krishna Nagar, Delhi).
On S.A.
I am the Manager/AR of the Decree Holder Bank. Earlier a settlement has been
arrived at between the parties to the present lis for a total settlement amount of Rs.
8,00,000/- and the said settled amount was required to be paid by the JD till
02.03.2025. But, the JD has paid only Rs. 2,40,000/- out of Rs. 8,00,000/- and on
dated 04.03.2025, the JD had filed an application in the Decree holder bank for
extension of three month’s time for making payment of the remaining settled amount
and the said application has been forwarded by me to the Circle Office, SASTRA,
Mayur Vihar, Delhi, but the approval from the circle office has not been received by
the Decree holder bank. I had made telephonic talk with my circle office and I have
come to understands that the said application of the JD will be disposed off by our
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circle office within one week from today and the matter may be adjourned after a
week.
RO & AC
Sd/-
Sd/-
(PAWAN KUMAR MATTO)
DISTRICT JUDGE
(COMMERCIAL COURT)-04,
SHAHDARA, KKD,
Delhi/19.03.2025
Thus, from the statement of the AR/Senior Manager of the DH bank, it is
crystal clear that the JD even after making settlement with the DH bank, has failed to
make the payment of the total settled amount on the date, which was earlier agreed
upon by the JD.
Since the AR/Senior Manager of the DH bank has submitted that the
application for extension of time filed by the JD in the DH bank will be disposed off
by the Circle office of the DH bank within one week from today, so, matter is ordered
to be listed on dated 03.04.2025 for apprising to the court regarding the present status
of the said application of the JD and also for personal appearance of both the parties
and also for consideration on the application filed by the JD for waiving of the cost.
Both the parties are directed to remain present on the next date of
hearing.
(PAWAN KUMAR MATTO)
DISTRICT JUDGE
(COMMERCIAL COURT)-04,
SHAHDARA, KKD,
Delhi/19.03.2025
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