The National Lok Adalat recorded that the parties to Debts Recovery Tribunal Case OA.No.147/2023 mutually settled the disputed loan account for Rs.20 lakhs. Consequently, the Applicant Bank withdrew the application, and the Tribunal dismissed the case.
The OA. No.147/2023 is dismissed; 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 LOK ADALAT
IN THE DEBTS RECOVERYTRIBUNAL- I AT HYDERABAD
DATED THIS THE 1 4H DAY OF DECEMBER.2024
PRESENT:-
oA.No.147,/2c23
Canara Bank, Hanamkonda branch, Wa ra nga l.
Rep. by Authorised ofFicer
Versus
N. Sreekanth and others
Reference made by:-
Applicant Bank through its counsel......... Dr.shaikFaheemullah Defendants .... None
-:AWARD:-
pendency of the case before the DRT-1, ffi*m 6rabad,-the Appli Bank and the Defendants have mutually ntlo4t&EGfi'lU tn" account and paid a sum of Rs.20.00 lakhs in
for--m#
the LokAdalat and in this regard, the Applicant Bank has filed OTS Memo dated t2.12.2024 duly signed by Branch Manager of the Applicant Bank.
(Given under the hand and seal of the LokAdalat Bench on this the 14th day of Dec, 2024)
sd/-
sd/-
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(cH. sRrNrvAs RAo) Member
(s. RAMESH I
Member
(GUMMADT GOPr CHAND) PO /Judicial Member
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Asst' Regrstra,
DRT.I, HYDERAB2.D.
Canara Bank
N. Sreekanth and others
Gummadu Gopichand
Ch. Srinivas Rao
S. Ramesh
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
