National Lok Adalat disposed of a debt recovery reference where the applicant bank and defendants mutually settled the loan account. The case was dismissed as settled.
Withdrawal of OA.No.112/2024 as the parties mutually settled the loan account for Rs. 1.14 Crores.
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.
BEFORE THE NATIONAL LOK ADALAT
IN THE DEBTS RECOVERYTRIBUNAL- I AT HYDERABAD
DATED THIS THE1 4TH DAY OFDECEMBER,2024
PRESENT:.
OA.No.112/2024
SBI, ARM Branch, Hyderabad - 500 020.
APPlicant
Versus
M/s. ParamountSolutions and others ... Defendants
Reference madebY:-
Applicant Bank through its counsel.........A. Krishnam Raju Defendants .... None
-: A.!UA-U:-
l.WhereastheApplicantBankhasfiledinstantoAintheDebts Recovery Tribunal-1 atHyderabad, for the recovery of a sum of Rs,1,27,02,790/-together with future and pendenteliteinterest, cost etc. against the Defendants.
fi-q@dffiUringthe pendencvof the case before the DRT-I' $v0".ffi0,sPllfrpri.antBank and the Defendants have mutuallv ,nr"nfle? to tJtuA\ theloan account and paid entiredues in the 1r oEcztru i4r:il
dffi
LokAdalatand in this regard, the Applicant Bank has filed OTS Memo dated 13.12.2024 duly signed by Branch Manager of the Applicant Bank.
(Given under the hand and seal of theLokAdalat Benchon this the 14th day of Dec,2024)
sd/-
sd/-
sd/-
(cH. SRINMS RAo) (s. RAMESH ) Member Member
(GUMMADI GOPI CHAND) PO /Judicial Member
,',#&<br>i-: 1 r ogr zur :
SBI, ARM Branch, Hyderabad
M/s. Paramount Solutions
GUMMADI GOPICHAND
CH. SRINIVAS RAO
S. RAMESH
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
