Loan recovery application before Lok Adalat disposed of as withdrawn after mutual settlement by defendants depositing the compromise amount.
Order issued withdrawing the original application and refunding court fee.
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AWARD
IN
ORIGINAL APPLICATION No. BT2t22
Present-
l. Shri Ram Niwas Patel, Presiding Officer
Applieant Bank through Shri Sharad Gupta, Advocate
Between:-
State Bank of lndia Branch at Pachpedi Naka; Tikarapara, Raipur, C.G.)
---:-- APPlicant
Versus
M/s Shankar Rice lndustries & others
----Defendants
! whereas the appricant bank has fired the instant oA in this Tribunal for recovery of a sum of Rs. 2,79,91,329.00 (Rupees Two Crore, S_eventy Nine Lakhs, Eighty One Thousand, Three Hundred, Twenty Three only) together with future and pendentelite interest, cost etc. against the defendants.
Jabalpur the applicant bank and the defendants have mutually consented to settle the loan account and the Bank has filed.an affidavit of Harish Chandra Ahinrvar, Chief Manager for withdrawal of OA .
(Given under the hand and seal of the Lok Adalat Bench on this the 13' day of May, 2023).
(Dr. P.R.S. Choudhary) Member
(Akhilesh Choubey) (Ram Niwas Patel) Member Presiding Officer
State Bank of India Branch at Pachpedi Naka
Ram Niwas Patel
Sunil Kherditar
Dr. Pushpraj Singh Choudhary
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
