State Bank of India versus Babulal Raya (Now Deceased)

State Bank of lndia Branch (SARB) 5, Yashwant^Niwas, Road, lndore^(MP) Applicant Versus Shri Babulal Raya^(now deceased) Through Legal Heirs l, Smt, Nirmala BaiRaya, 2, ShriAnkit Raya 3, KumariNikita Raya Defendants

¶11

Whereas the applicant bank has filed the instant OA in this Tribunal for recovery of a sum of Rs. 24,18,857.28 (Rupe.es Twenty Four Lakh, Eighteen Thousand, Eight Hundred, Fifty Seven and Paisa Twenty Eight only) together with future and^pendentelite interest, cost etc. against the defendants.

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Whereas during the pendency of the case before the DRT, Jabalpur the applicant bank and the defendants have mutually consented to settle the loan account and has filed an application for withdrawal of OA alongwith affidavit of Shri Veeredra Kumar Saxena, Chief Manager.

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Now in terms of reference made by the Counsel for the Applicant before this Lok Adalat on this 13' Day of May, 2023 the Parties have mutually settled the loan account and Defendants have deposited the entire compromise amount of Rs. 19,00,000.00 (Rupees Nineteen Lakh only) in full and final settlement. The Counsel for Applicant prays for withdrawal of the case as there remains nothing to recover from the Defendants. ln view of the statement made before this Lok Adalat, the OA 118012022 is disposd of as withdrawn. Court fee be refunded as per rules.

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Copy of this order be provided to the concerned parties or their representatives.

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(Given under the hand and seal of the Lok Adalat Bench on this the 13" day of May, 2023).

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((Dr. P.R.S. Choudhary) Member

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(Akhilesh Choubey) ( Ram Niwas Patel) Member Presiding Officer

State Bank of India v. Babulal Raya (Now Deceased)

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State Bank of India v. Babulal Raya (Now Deceased)

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