The Lok Adalat disposed of the Debt Recovery Tribunal case as withdrawn after the defendants deposited Rs. 7,50,000 as a full and final settlement of the loan account mutually consented to by both parties on May 13, 2023.
The applicant prays for withdrawal of the case; the OA is disposed of as withdrawn.
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BEFORE THE LOK ADALAT DEBTS RECOVERY TR!BUNAL : JABALPUR
AWARD
tn
Original Application No.- OA 492122
Present:-
Reference made by
Applicant Bank through Shri Sanjeev Dubey, Advocate Defendants through Shri Amit Dubey, Advocate
Between:-
HDFC Bank Ltd Applicant
Versus
M/s Laxmi Seeds And Agritech Corporation & Anr Defendants
1 Whereas the applicant bank has filed the instant OA inthis Tribunal for recovery of a sum of Rs. 20,47,354 88 togetherwith future andpendentelite interest, cost etc.againstthe defendants.
3 Now in terms of reference made by theCounsel for the Applicant before this Lok Adalaton this 13th Day of May, 2023 the Parties have mutually settled theloan account and Defendants have
deposited the entire compromise amount of Rs. 7,50,000.00 (Rupees Seven Lac and Fifty Thousand 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 ln view of the statement made before this Lok Adalat, the OA 492122 is disposed of as withdrawn. Court fee be refunded asper rules
4 Copy of this order be provided to the concernedparties or their representatives.
(Given under the hand and seal of the Lok Adalat Bench on this the 13th day of May, 2023).
(Dr. P.R.S. Choudhary)
Member
(Akhilesh Choubey) Member
(Ram Niwas Patel) Presiding Officer
HDFC Bank Ltd
Ram Niwas Patel
Akhilesh Choubey
Dr. Pushpraj Singh Choudhary
As recorded by the court registry
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