The Debt Recovery Tribunal passed an award in a Lok Adalat settlement between IDBI Bank and Rudradhara Agro Industries regarding a deposit made under the OTS Scheme, disposing of the case and allowing partial refund of court fees.
Compromise settlement accepted; OA disposed; court fees 50% refunded; original documents returned.
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.
V(
O.A. No.16612022 COMPROMISE
Apdlsglc):
IDBI Bank [-hereir,aft"rr"fenedto as bank / financialinstitution)
YERSUS
RudradharaAgro Industries and others
Defendant(s): Tt.r"i*t.. t"r".ted to as / bonower / guaranto(s) )
Details ofdisoute / claim: The claim of the bank is to the tune of Rs.70,82,984/-with cost and interest'
The borrowerhas dePosited the amountin O'T S Scheme The applicantbank states that it has received the anount ofRs ' 44'02'7221-as f'tll and finalsettlement.It is stated that borrowerdoesnot owe any further amount to the bankin respectof the aboveaccount
The requestfor retumof originaldocumentsas per rules Permitted' Sincethe matteris beforethe Lok-Adalat 50olo of the Court Fees be refunded to theaPPlicantbark'
The abovesettlementis agreed upon before the Panel and the same is verifiedin the lightof the contentsof compromise purshisd^ted 1110212023'
Defendant(s)
Applican(s)
contd...2.
O.A. No.1662022 Comprcmir2 lrk Adllarl16 FebnE r,202l DRT, A'bad M Advocate for the Applicant(s) /Aurhorised Representative
-^t*'aM Shri Vimal Gupta\ l Chairmaa ofthe Lok Adaiat Bench-1
Advocate for the Defendant(s) /Authorised Representative .----,-.i-; (rAdShri M.1\trT;b6tka; Member of the Lok Adalat Bench-I
Date:11-02-2023 Place : Aurangabad.
ORDER
In view of the above settlement and payment in the present matter before Lok-Adala! the award is passed. The Interim Retief, if any, stands vacated. The O.A. no.l66/2022 stands disposed ofaccordingly.
Refund of Court Fees to t}le extent of 50olo is allowed. The award stands satisfied. Original documents be retumed as per rules.
Date:11-02-2023
J.r, ',*Jfr4\ ( Vimat cupta!-\ PRESIDING OFF]CER Debts Recovery Tribunal, Aurangabad.
1 provisions across 1 enactments
IDBI Bank
Rudradhara Agro Industries
Vimal Gupta
M.M. Bhatka
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
