By 1 2 1 News Reporter
Mohali 24th July:-- The Permanent Lok Adalat of Mohali today dismissed an application filed by UCO Bank, Khizrabad against Jagmohan Singh of Khizrabad. The Permanent Lok Adalat directed the bank to pay Rs. 5000/- to Jagmohan Singh towards cost of litigation. The Permanent Lok Adalat (PUS) also directed the UCO Bank to recover the amount of loan, interest and cost from its official who instead of releasing the loan amount to Jagmohan Singh paid it to one Ram Lal. The Permanent Lok Adalat was presided by Jagroop Singh Mahal.
During conciliation proceedings it was found that the bank had delivered the cheque of Rs. 39,000/- to Ram Lal from whom Jagmohan Singh was alleged to have purchased the buffaloes. The bank did not hand over the cheque to Jagmohan Singh to ensure delivery of the buffaloes to him from Ram Lal. The loan amount was not deposited in the bank account of Jagmohan Singh nor the bank ensured that the cheque was given to Ram Lal only after the buffaloes are delivered to Jagmohan Singh. The contention of Jagmohan Singh was that neither he got the loan amount from the bank nor Ram Lal sold to him any buffaloes and it was a transaction between Ram Lal and the bank to defraud him by obtaining his signatures on certain papers. Even the subsidy amount though reported to have been released was never paid or deposited in the account of Jagmohan Singh. Jagmohan Singh had reported the matter to Police upon which a criminal case was registered in which the challan has been submitted in Court and charge has been framed against Ram Lal and Sham Lal. Keeping all these facts in view the Permanent Lok Adalat held that the bank has not proved if any loan was advanced to Jagmohan Singh and therefore dismissed their application with litigation cost of Rs. 5000/-. The bank was held entitled to recover the loan amount with interest and cost from those bank officials who had released the loan to Ram Lal instead of Jagmohan Singh.
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