The National Lokadalat in Debts Recovery Tribunal-I, Hyderabad, dismissed OA No. 142/2024 filed by SBI as settled. The parties mutually agreed to full settlement of dues, and the bank prayed for case withdrawal.
Case dismissed as settled; court fee refunded.
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 LOKADALAT
IN THE DEBTS RECOVERYTRIBUNAL - I AT HYDERABAD
DATED THIS THE 28TH DAY OF SEPTEMBER,2024
PRESENT:-
.). SRI K. KRANTHI KUMAR, ADVOCATE,/MEMBER
oA.No.142/2024
State Bank of India, Stressed Assets Recovery Branch, Koti, Hyderabad Rep. by Chief Manager.
Versus
Apex AAC Industries and 2 others
Reference made by:-
Applicant Bank through its counsel......... Sri P.V. Satyanarayana Defendants .... None
-:AWARD:-
LokAdalatand in this regard, the Applicant Bank has filed OTS Memo dated 13.08.2024 duly signed by Branch Manager of the Applicant Bank.
(Given under the hand and seal of the LokAdalat Bench on this the 28th day of Sept, 2024)
sd/-
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(v. RAGHUI Member
(K. KRANTHT KUMARI (GUMMADT GOpr CHANDI Member PO /Judicial Member
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State Bank of India
Apex AAC Industries
2 others
Gummadi Gopichand
V. Raghu
K. Kranthi Kumar
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
