The Debts Recovery Tribunal disposed of compromise petition M.A. no.06/2023 where the borrower settled dues with Bank of Maharashtra by depositing Rs.1,91,000, resulting in full and final settlement of the recovery proceedings.
Compromise petition M.A. no.06/2023 stood disposed of; Recovery Proceeding no.06/2021 disposed off; Recovery Proceeding no.1912015 listed.
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.
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ORGANISED ON ll'h Fcbruarv, 2023 BY THE DEBTS RECOVERY TRIBUNAL. AURANGABAI)
M.A. No.06/2023
COMPROMISE
Appliscrlc):
Bank of Maharashtra ( hereinafter referred to as bank / financial institution)
VERSUS
Ram s/o Limba Londhe and othcrs
Defendant(s):
( hereinafter referred to as / bonower / guarantor(s) )
Details of dispute / claim: The claim of the banl< is to the tune of Rs.l1,14p28l with cost and interest.
The borrower has agreed to deposit an amount of Rs,1,91,000/(Rupees One Lakh Ninety-Onc Thousand only) as full and hnal settlement of the dues. The bank authority and the borrower have agreed voluntarily with fu1l consent to receive that amount by the bank arld togive that amount by the borrower. The applicant bank statesthat they have received an amount of Rs.1,91,000/-(Rupecs One LakhNinety-One Thousand only) as full and final settlement ofthe Recovery Proceeding bearing no.06/2023. It isstatedthat borrower does not owe anyfurther amount to the bank in respect ofthc aboveproceeding.
contd...2..
MA No 06/2021 Compromi$ l,o[ AdslaL/ll'i Februar].2021 DRT, A bad
The above settlement is agrccd upon before the Panel andthesameis verified in the light of the contents of compromisepursis datedI l/0212023.
-_ )?a"""' Applicant(s)
Defend ant(s)
71"l"'"'
Advocate for the Applicant(s) /Aurhorised Representativc
Advocate for the Defendant(s) /Authorised Representative
.fr;{D
Shri Vimal Gl'pta Chairman ofthe Lok Adalat Bench-l
Shri ]ff.- I. Dabholkar Member of the Lok Adalat Bench-I
Date:11-02-2023 Place : Aurangabad.
ORI)ER
In view of the above seltlement and payment in the present matter before Lok-Adalat, the M.A. no.06/2023 stands disposed off accordingly the Recovery Proceeding bearing no.l9l2015 be Iisted for disposal.
Date : 11-02-2023
Jl._ ",,d/4^iY ( Vimal Gupta; ! PRESIDING OFFICER, Debts Recovery Tribunal, Auraagabad.
1 provisions across 1 enactments
Bank of Maharashtra
Shri Vimal Gupta
Shri M. I. Dabholkar
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
