Disposed

Indian Bank v. Santosh Ashok Pradhan

DRT11 Feb 2023OA/287/2022

Case brief

AI extract

What is this about?

Debt Recovery Tribunal Organized Court (National Lok Adalat) recorded a compromise between Indian Bank and Santosh Ashok Pradhan regarding a claim of Rs. 29,54,764. Borrower deposited Rs. 6,00,000 as settlement. Court disposed of the application, refunded 50% court fees, and ordered return of documents.

What did the court decide?

Application disposed of on compromise; interim relief vacated; 50% court fee refunded; original documents to be returned.

Indian Bank versus Santosh Ashok Pradhan — Contract and Commercial Disputes | DRT (2023)

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BEFORE THE NATIONAL LOK ADALAT ORGANISED ON l IIh FEbTUATV. 2023 BY THE DEBTS RECOVERY TRIBUNAL. AURANGABAI)

O.A. No.287 D022

COMPROMISE

&!Icsn!(O:

Indian Bank

( hereinafter referred to as bank / financial institution)

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vERSUS

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Santosh Ashok Pradhan and others

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PgfenCeEGL:

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( hereinafter referred to as / borrower /^guaranto(s) )

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Details of dispute / claim:^{The claim of the bank is to the tune of} Rs.29,54,764l- with cost and interest.

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The borrower has deposited^{an amountof Rs.6,00'000/- (Rupees Six} Lakh Only) as firll and final^{settlementof the dues.The applicantbank} states that they have received^{an amount ofRs.6'00,000/-(RupeesSix Lakh} Only) as full and frnal settlement.^{It is statedthat borower doesnot owe any} further amount to the bank^{in respect oftheabove accounts.}

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The request for retum^{of original documentsas per rules permitted'} Since the mafter is before^{lhe Lok-Adatat50% of the Court Fees be refunded} to the applicaat bank.

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contd...2..

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o.A. No.28?/2022 Comprcm'se Lok Adslarl^{la FebrDary,2023 DRT,A'bad}

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The above settlement is agreed^{upon before the Panel and the samers} verified in the light of the contents^{ofcompromisepursis dated1110212023} '

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Defendant(s)

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Applicant(s) Defendant(s) fl(r*"FN*/ Advocate foi the Advocate for the Defendant(s) /Aurhorised Representative /Authorised Representative *ad <66I+4-,----___Shri Vimal Gupta \ \ shri M.']trDabholkarM.']trDabholkar Chairman of the Lok AdaNt Member of the Lok Adalatthe Lok AdalatLok AdalatAdalat Bench-l Bench-I

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<66I+4-,----___shri M.']trDabholkarM.']trDabholkar Member of the Lok Adalatthe Lok AdalatLok AdalatAdalat Bench-I

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Date ; 11-02-2023 Place : Aurangabad.

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ORDER

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In view ofthe above settlement and payment in the present matter before Lok-Adalal the award is passed. The lnterim Reliei if aay, stands vacated. The O.A. no.287 /2022 stands disposed ofaccordingly.

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Refund of Court Fees to the extent of 507o is allowed. The award stands satisfied. Original documents be retumed as^per rules.

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D^te I ll-02-2023

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\",a ( vimdl Gup PRESIDING OF Debts Recovery Tribunal, Aurangabad.

Indian Bank v. Santosh Ashok Pradhan

Case brief

What is this about?

What did the court decide?

Indian Bank v. Santosh Ashok Pradhan

Case brief

What is this about?

What did the court decide?

What the court decided

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