Disposed
State Bank of India v. Manne Malla Reddy
DRTOA/675/2022
Case brief
AI extract
What is this about?
This order records the settlement reached by the applicant bank and defendant in a debt recovery case before the Lok Adalat Bench. The parties agreed to settle the account for Rs. 6,00,000/-, with specific payment terms laid down.
What did the court decide?
Loan account settled for Rs. 6,00,000/- with a directive to deposit Rs. 30,000/- by 12.06.2023 and the balance of Rs. 5,70,000/- within 3 months.