A Debts Recovery Tribunal member settled the borrower's account at Rs. 1.1 (one lakh) plus interest at a Lok Adalat. A repayment schedule was agreed upon, superseding the bank's higher claim.
Settlement approved at Rs. 1.1 lakh plus interest; payment schedule fixed.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
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Debts Recovery Tribunal, Patna
[Lok Adalat, held at DRT, Patna] Case No. ....!.P.c ~ °1~~
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...Applicant
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T2'..Defendants Dated- ..~~.-3
Shri KySb 6brrower/guarantor/mortgager is present in person. ~~ ~~hW--f"<7'-e ;P","'~ ~ ~ is present on behalf of bank. .;:? O:r.}7, .,j''f( _,y.%_ The above noted case has been taken up today at the request of borrower 9') in Lok Adalat for settlement. ~ ~ "?,!'3. ~;J.__:.:> ~r-~~~ ~ (.('JtJ, I.q ~~'5~' As per report of the Bank, the outstanding'liability of the borrower is Rs. .b, I..Rtt"f'. Po tU'.4j.-:-;-:-: plus interest and other <;.hargess./t:'I:t;~b."¥..-total Rs , • ' ~~ - R81''3a_ The borrower is willing to settle the account, but due to unfavorable economic conditions, cannot pay the full amount mentioned above. Borrower offers Rs for settlement, whereas the bank is insisting for Rs as full and final compromise amount.
On being encouraged for amicable settlement, there IS a chance for settlement accept to the parties.
Accordingly, considering the period of pendency of dispute and economic condition of the borrower, Iam of the considered opinion that the ends of justice will be served, if, the account is settled at Rs. !s.f(~er the schedule givebeo~ ..... J to which they have agreed to put the controversy at rest. A-l l~D ~ <, ~ ~ ~ "_ ~ _,:2-I>~?>, H.IL ~ -i-_ The co-operation of the parties and efforts of ld. counsel to rea f'" ~ compromise are appreciated. -t-<-t _g-o3. 2 Re-payment Schedule~ L 2-0 R.~ L. :1- ~ A-Downpayment-{V ~ r ~~ Jt IL~~ B- . _vt.V-'7'-1~,,_.,~ ~~ ~ C~}3;U~~~ 3 It IS mitre ~1tm case, ~ tis ora.e~ above, the order shall not be in operation. Also the bank may apply for revival of OA or may take legal action in accordance with law for recovery of its original dues with interest, costs and other legal expenses. . . J;G/. a..lI.J fb.(; c-J,. II-~~
. .. . Accepted by . "::."",-.""-.. .",,.,, Cl)C')Y') )1l1lf . Br. Manager Autho ed Officer _BlfS7~~_ [Name & Designati n with seal] SM...j_ &~? C.lh VI'}7'Ma.l X-(~~
~~ [Kaushalendra Yadav] PRESIDfNG OFFICER
1 issue framed by the court
Whether the account is settled at Rs. 1. 1 (Rupees One Lakh) under Lok Adalat scheme.
Borrower
Bank
Kaushalendra Yadav
As recorded by the court registry
2 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
