A Lok Adalat in West Bengal disposed of an outstanding dues case (OA/7/2022) between UCO Bank and M/S. Vision Four Associates by approving a settlement for Rs. 6,50,000. The court awarded the bank recovery of this amount and directed refund of court fees.
Settlement embodied in an Award for recoverable dues at Rs. 6,50,000.00. Court fee refunded to the Bank.
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.
Sl. No. 20
BEFORE THE LOK ADALAT AT DEBTS RECOVERY TRIBUNAL-1, KOLKATA. JEEVANSUDHA BUILDING, 42C,JAWAHARLAL NEHRU ROAD KOLKATA-700 071
Dated 1 4 th December, 2024
Plaintiff:
Bank Name : UCO Bank
Represented by :
Mr. Tapas Mondal, Sr. Manager cum Br. Head, Bakultala Br., Howrah
Defendant/Respondent
M/S. Vision Four Associates & Ors. Represented by : Mr. Sudipta Purkait
Case No. OA/7/2022
Present:
A W A R D
The dispute between the parties have been referred for determination in the Lok Adalat and the parties having compromised /settled the case/matter, the following award is passed in terms of the settlement :-
The case is taken up for hearing.
The claim of the petitioner Bank recoverable from the Defendant amounts to Rs. 36,21,050.00/- + further interest.
The parties have amicably settled dispute at
Rs. 6,50,000.00/- .
In view of the compromise arrived between the parties the OA is disposed of in terms of the settlement.
Ld. Registrar is directed to refund of Court Fee to the Applicant Bank in terms of the Rules.
(DHANANJOY NAYAK) (AMBUJA MOHAN DAS) LD. ADVOCATE JUDICIAL OFFICER (RETD.) MEMBER OF THE BENCH MEMBER OF THE BENCH
OF LOK ADALAT OF LOK ADALAT
UCO Bank
M/S. Vision Four Associates & Ors.
Ambuja Mohan Das
Dhananjay Nayak
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
