Lok Adalat in banking recovery matter where parties mutually settled loan account via deposit of compromise amount leading to withdrawal of original application and disposal with refundable order as per rules.
The OA No.338/2022 is disposed of as withdrawn. Applicant bank to be refunded as per rules.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
BEFORE THE LOK ADALAT DEBTS RECOVERY TRIBUNAL : JABALPUR
AWARD
tn
Original Apptication No.338/2022
Present:-
Reference made by
Applicant Bank through Shri priyankush Jain, Advocatc Iletw'een:-
ICICI Bank Ltd., l" Floor, l-1.No.93g, Bloom Square, Napier l-orvn, N{odcl ltoad, Ncar Shashrri I}ridgc. jabalpur (M.P)
Versus
Applicant
Surender Singh & l-wo Othc.rs [)c l'cndants
I. Whereas the applicant bank has filed the instant OA in rhis I'r'ibLrnal lor recover.y ola sunt ol.lls.zl3.6ii,72ti.l-5/_ (llupecs Irortr 'l'hree Lac,, Sixty Eight l,housancj, So,cn Ilundrcd I u,cntv l:ight and Paisa Fifteen only) logglher with futurc and pc.ndcntelirc intcrest, cost etc. against the clel.enclanfs.
2' whereas during the pendency or- thc case bc^rre thc DR't' .labalpur the applicant bank and thc cJ..l.cnc,ants havc ttr u tua llv consented 10 settle thc loan account ancl llr sUpport thc Applicant_ Ilank has Iiled affidavit of.Shri Gaurav Cupta, Debt Managcr.
?
(Given under the hand and seal olthe l.ok Adalat llench on this the I 2tt' day of Novem be r, 2022).
(N a )
Member
t\w (Sunil Kherdikar) (Ram as Patel) Member Presiding Officer
ICICI Bank Ltd.
Surender Singh & 2 Others
Shri Ram Niwas Patel
Shri Sunit Kherdikar
Smt. Neelam Sharma
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
