Jayarajan V/S SBI

A.IR:135/2008


IA-392/2008 (Waiver) –

 Ld. Counsel appearing on behalf of the petitioner stated that a written request for settlement has been made to the bank and that the bank is yet to pass orders on the same.

Ld. Counsel Shri Mohandas appearing on behalf of the respondent bank stated that there is no offer of settlement and stated that whatever representation was made to the bank the same has been duly considered by the bank and the same has also been rejected and prayed that this IA may be dismissed.

At this juncture the Ld. Counsel for the Petitioner stated that there has been no communication from the bank with respect to the rejection of the compromise proposal given by the petitioner to the bank.

Heard both sides.

It is seen that the bank has not accepted the proposal of the petitioner for settlement.  It is also seen that the petitioner has not complied with the conditional order dated 25.4.2012 and therefore this Tribunal is compelled to dismiss this IA. Accordingly this IA is dismissed.

This order was issed by the Honble Chair person of DRAT chennnai on 27th july 2012