Mechanisation petition was dismissed as settled in LokAdalat where parties mutually resolved the loan account for Rs.22.00 crores.
OA dismissed as settled; refund of court fee ordered.
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BEFORE THE NATIONAL LOK ADAI-.AT
IN THE DEBTS RECOVERYTRIBUNAL.IAT HYDERABAD
DATED THIS THE 1 4TH DAY OF DECEMBER,2024
PRESENT:-
oA.No.101/2022
IDBI Bank Ltd,
Chapel road, Hyderabad
Versus
M/s. Soma Enterprises and others
Reference made by:-
Applicant Bank through its counsel......... Smt P.S. Sujatha Defendants .... Sri SVS ChowdarY
-:AWARD!-
the pendency of the case before the DRT-1, icant Bank and the Defendants have mutually e loan account and paid entire dues in the
LokAdalatand in this regard, the Applicant Bank has filed OTS Memo dated 11.11.2024 duly signed by Branch Manager of the Applicant Bank.
mutually settled the loan account and the Defendants have settled the account for a sum of Rs.22.00 crorestowards full and final setuement. The counsel for Applicant prays for withdrawal of the case as there remains nothing to recover from the Defendants. In view of the said statement made before this LokAdalat, oA.No.101/2022 is dismissed as settled in the LokAdalat. Court fee be refunded as per Rules.
(Given under the hand and seal of the LokAdalat Bench on this the 14th day of Dec, 2024)
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(cH. sRrNrvAs RAO| Member
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(s. RAMESH )
Member
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(GUMMADT coPr CHANDI PO /Judicial Member
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TIlUEPOP 1rr'* s$ar DRT.I, HYDERABAD.
IDBI Bank Ltd
M/s. Soma Enterprises and others
Gummadi GOPICHAND
CH. SRINIVAS RAO
S. RAMESH
As recorded by the court registry
2 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
