The National Lok Adalat at Hyderabad, acting under reference from DRT-I, dismissed an offer to settle case proceeding as parties had mutually agreed to a full and final settlement of Rs. 12,40,000/-.
Outstanding dues settled for Rs. 12,40,000/-; Application OA.No.256/2023 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 LOK ADALAT
IN THE DEBTS RECOVERYTRIBUNAL- IAT HYDERABAD
DATED THIS THE 1 4TH DAY OF DECEMBER,2024
PRESENT:-
OA.No.256/2023
fndian Overseas Bank, Marredpally branch, Secunderabad Rep. by Authorised officer
Versus
SadasivaKashyap and others
Reference made by:-
Applicant Bank through its counsel......... Sri A. Krishnam Raju Defendants .... None
-:AWARD:-
against the
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 the LokAdalat Bench on this the 14th day of Dec, 2024)
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sd/sd/(cH. sRrNrvAS RAOI (s. RAMESH ) Member Member
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(GUMMADT GOPr CHANDI PO /Judicial Member
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2 issues framed by the court
Whether the outstanding recovery proceedings can be settled by an Offer of Settlement Scheme and dismissed as settled.
Whether the case fee is refundable after settlement.
1 provisions across 1 enactments
Indian Overseas Bank, Marredpally branch
SadasivaKashyap
others
GUNANAEOLOGOPICHAND
CH.SRINIVASRAO
SRAMESH
As recorded by the court registry
2 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
