Banking Lok Adalat disposed of an original application for money recovery by mutual settlement between the applicant bank and defendants. Defendants deposited the compromise amount in full and final settlement, leading to withdrawal of the case.
Withdrawal of Original Application; refund of court fee.
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BEFORE THE LOK ADALAT DEBTS RECOVERY TRIBUNAL : JABALPUR
AWARD
tn
Original Application No.- OA 789122
Present:-
Reference made by
Applicant Bank through lVls Shalini Choudhary, Advocate None for the Defendants
Between:-
State Bank of lndia
Applicant
Versus
lV/s Gehlot Tractors & Anr
Defendants
1 Whereas the applicant bank has filed the instant OA in this Tribunal for recovery of a sum of Rs 26 25,99475 together with future and pendentelite interest, cost etc. against the defendants.
2 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.
3 Now in terms of reference made by the Counsel for the Applrcant before this Lok Adalat on this 13rh Day of May, 2023 the Parties have mutually settled the loan account and Defendants have
deposited the entire compromise amount ofRs 18 00 000 00 (Rupees Eighteen Lac only) in full and final settlement.The Counsel for Applicant prays for withdrawal of the caseas there remains nothing to recover from the Defendantsln view of the statement made before this Lok Adalat, the OA789122 is disposed of as withdrawn. Court fee berefundedas per rules.
4 Copy of this order beprovided tothe concernedparlies or their representatives.
(Given under the hand and seal of the LokAdalat Bench on this the'1 3th day of lvlay, 2023)
0oa' (Dr. P.R.S. Choudhary) (Akhilesh Choubey) Member Member
(Ram Niwas Patel) Presiding Officer
State Bank of India
Shri Ram Niwas Patel
Shri Akhilesh Choubey
Dr. Pushpraj Singh Choudhary
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
