The National Lok Adalat organized by the Debts Recovery Tribunal, Aurangabad, on February 11, 2023, disposed of a money application where the borrower deposited Rs.12.5 lakhs to settle a claim of over Rs.17 lakhs with HDFC Bank Ltd. as full and final settlement.
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.
@,
t)11
BEFORE THE NATIONAL LOK ADALAT ORGAI\TISED ON I ltb FEbrUArY. 2023 BY TIIE DEBTS RECOVERY TRIBUNAL. AURANGAB{)
M.A. No.O1f2023
COMPROMISE
Anplicant(s):
HDFC Bank Ltd. ( hereinafter referred to as bank / lurancial institution)
YERSUS
Abhijit Sundarrao Pandit and others
Derellslcl:
( hereinafter referred to as / borrower / guaranto(s) )
Details of disoute / claim: Theclaim of thebank is to the tune of Rs.17,E9,182.45l- with cost and interest.
The borrower has agreed to dePositan amount ofRs.12,50'000/- (Rupees Twelve Lakh Fifty Thousand only) as full and finalsettlement of the dues. The bank authority andthe borrower have agreedvoluntarily with full consent to receive that amountby the bank and to give that amountby the borrower. The applicant bank statesthat theyhave receivedan amount of Rs,12,50,000/-(Rupe€s Twelve Lakh FiftyThousand only)as full and final settlement ofthe Recovery Proceedingbearing no.1l8/2020. It is stated that bonower does not owe anyfunheramountto the bank in respectof the
above proceeding.
contd...2..
M.A.No.o12023 Comprcmie l.ok Adalar l l6 Fekuoty, 2023 DRT, A'bad
The above settlement is agreed upon before the Paael and the same is verified in the light ofthe contents of compromise pursis dated 11/0212023. t- Rll#< ra.God-'' ts 'rl(al'.'.'r Applicant(s) Defendant(s)
/Aurhorised Representative
Advocate for the Defendant(s) /Authorised Representative
Shri Vimal GuptaChairman ofthe Lok Adalat Bench-1
Member of the Lok Adalat Bench-I
D^te 2 ll-02-2023 Place : Aurangabad.
ORDER
In view ofthe above settlement and payment in the present matter before Lok-Adalat, the M.A. no.0112023 stands disposed off accordingly. The Recovery Proceeding bearing no.l l8/2020 be listed for disposal. ,
Date t 11,-02-2023
,0^,# "r"'t' ( Vimal cupta) PRESIDING OFFICE& Debts Recovery Tribunal, Aurangabad.
HDFC Bank Ltd.
Shri Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
