This order records the settlement of a debt recovery case (OA.No.234 of 2023) before the Lok Adalat. The parties mutually agreed to settle the loan account, and the defendants deposited the full compromise amount.
Withdrawal of the case as settled; refund of court fee.
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- IAT HYDERABAD
DATED THIS THE 1 6TH DAY OF MARCH, 2024
PRESENT:-
OA.No.234 oF 2O2B
Bank of Maharashtra Sultan Bazar branch, Koti, Hyderabad. Rep. by its Chief manager.
Versus
Sri Sai Pharma Distributors& others
Reference made by:-
Applicant Bank through its counsel Sri G. Adrian Kiran Raj Defendants .... None
-:AWARD:-
4--*#'" 2,W 6s duriff| the ncy of the case before the DRT_1, Hydera l$ ,nr 6Apff.m and the Defendants have mutually
W*r--.,dY
consented to settle the loan account in the LokAdalat and in this regard, the Applicant Bank has filed Full satisfaction Memo dated 27.02,2024 duly signed by Branch Manager of the Applicant Bank.
have mutually settled the loan account and the Defendants have deposited the entire compromise amount in full and final settlement. 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.234/2023 is dismissed as setfled in the LokAdalat. Court fee be refunded as per Rules.
represe ntatives.
(Given under the hand and seal of the LokAdalat Bench on this the 16th day of March, 2024)
sd/-
sd/-
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(N. MEHER PRASADI (J. RAMA DEVI) (GUMMADT cOPr CHANDI Member Member PO /Judicial Member
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Dqr-t, uyalEnt nAD.
Bank of Maharashtra Sultan Bazar branch
Sri Sai Pharma Distributors
GUMMADI GOPICHAND
N. MEHER PRASAD
J. RAMA DEVI
As recorded by the court registry
2 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
