The National Lok Adalat of the Debts Recovery Tribunal Aurangabad recorded a compromise where the respondent borrower deposited Rs. 19,31,569.84 as full and final settlement of a bank claim. The tribunal disposed of the matter accordingly.
Disposed of M.A. No. 05/2023; Recovery Proceeding No. 19/2018 listed. Settlement amount accepted as full and final.
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BEFORE THE N.{TIONAL LOK ADALAT ORGANISED ON II.hFebruarY.2023 BY THE DEBTS RECOVERY TRIBUNAL. AURANGABAD
M.A. No.05/2023
COMPROMISE
Appllss.dG):
Bank of Maharashtra ( hereinafter referrod to as bank / financial institution)
VERSUS
Jayant Sarjerao Unde and othcrs
Defendant(s):
( hereinafter referred to as / bonower / guaranto(s) )
Details of dispute / claim: lhc claim of the bank is to the tune of Rs.42,77,216.141- w ith cost and inrerest.
'fhe borrower has agreed to deposit an amount of Rs.19,31,569.t4l- (Rupees Nineteen Lakh Thirty-One Thousand Five Hundred Sixty-Nine and Eighty-Four Paise only) as lirll and final settlement o[ the dues. The bank authoritl and thc borrower have agreed voluntarily with full consent to receivc that amount by the bank and to giv€ thal amount by the borrower. Thc applicant bank $ates that they have received an amounl of Rs.1931,569.84/- (Rupees Nineteen Lakh Thirty-One Thousand Five Hundred Sixty-Nine and Eighty-Four Paise only) as full and final settlement of thc Recovery Proceeding bearing no.l9l2018. [t is stated that borrower does not owe any further amount to the bank in respecl ol'the above proceeding.
contd...2.
2 V.A. .05r101:l ComFronise I ok AdaldrllLh l.hruar).2021DRl. ^ bad
The above scttlement is agreed upon bclbre the Panel and the same is verified in the light of thc contents oi compromise pursis dated ty02/2023 .
..-L--
Applicant(s)
Delendan(s)
Advocate for the Applicant(s) /Aurhorised Representative
Advocate lbr the Delendant(s) ./Authorised Representativc
*'i0(S Shri Vimal Gupta\ Chairman of the Lok Adalat Bench-l
,\ <:ffi(li4,tr1^shrrffif.Ta6Fdlka? Member o1'thc Lok Adalat Bench-l
Date.: 11-02-2023 Place : Aurangabad.
ORDER
ln view of thc abovc settlcment and payment in thc prcscnt matler before Lok-Adalat, thc M.A. no.05/2023 stands disposed off accordingll. The Recovcn' Proceeding bcaring no. I 9r'2018 be listcd for disposal.
Date : I l-02-2023
( Vimal Gupta) PRESII)IN(; OT IIICF-R. Debts l(ccoverv- lribunal. Aurangabad.
1 issue framed by the court
Whether a compromise settlement reached before the Lok Adalat can be recorded and the proceeding disposed off.
Bank of Maharashtra
Jayant Sarjerao Unde
Vimal Gupta
As recorded by the court registry
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