Smt. Kautavarapu Ramachandra Rao v. Asrec (India) Ltd.
Case brief
What is this about?
Deals with an appeal in a debt recovery matter. The appellate tribunal disposed of the appeal as the parties had settled the dispute after the secured creditor received full payments.
What did the court decide?
Appeal disposed; pending I.A.s disposed; interim order vacated.
What the court decided
IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA
HON’BLE MR. JUSTICE ANIL KUMAR SRIVASTAVA CHAIRPERSON
Appeal Dy. No. 76 of 2025 (Arising out of O.A. No. 36 of 2003 in DRT, Visakhapatnam)
Order No. 22 18.08.2026
Smt. Kautavarapu Ramachandra Rao & Ors. ……Appellant -VsASREC (India) Ltd. & Ors. … Respondents Ms. Sangeeta Roy, Learned Counsel for the Appellants
Mr. Pratik Ghose, Learned Counsel for the Respondent No. 1
THE APPELLATE TRIBUNAL :
Learned Counsel for the Respondent ASREC India Limited submits that the secured creditor has received the full and final payments from the Appellant Namely Smt. Kautavarapu Ramachandra Rao. Accordingly, matter is settled between the parties.
Learned Counsel for the Appellants did not dispute this factual submissions of Respondent’s Counsel.
In view of the submissions made by the Learned Counsel for the Respondents, Appeal stands disposed of as the matter is settled between the parties.
Parties & counsel
- appellant
Smt. Kautavarapu Ramachandra Rao & Ors.
- respondent
ASREC (India) Ltd. & Ors.
Coram
Anil Kumar Srivastava
Case details
As recorded by the court registry
- Court
- DRAT
- Decided on
- · August
- CNR
- 191090000762025
- Topic
- Banking and Recovery
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