In this Lok Adalat reference before the Debts Recovery Tribunal, Hyderabad, the bank and borrowers mutually settled the entire dues of the loan account. Consequently, the court dismissed the original application as settled and ordered the refund of court fees.
Original application dismissed as settled; court fee to be refunded as per rules.
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 ADATAT
IN THE DEBTS RECOVERYTRIBUNAL.IAT HYDERABAD
DATED THIS THE 1 4TH DAY OF DECEMBER,2024
PRESENTi
/) SRI S. RAMESH, ADVOCATE,/MEMBER
oA.No.267/2c23
Union Bank of India, Palvancha branch, Bhad rad riKothag udemdist Rep. by its Chief Manager
Versus
Sunkara Rama Koteswara Rao and others
Reference made by:-
Applicant Bank through its counsel......... Sri MVS prasad Defendants .... None
-:AWARD:-
the pendency of the case before the DRT-1, Ii i\N -,;ffi+q Ji'l{yderabff the nt Bank and the Defendants have mutually i,"con*rtff[tffiettrJ loan account and paid entire dues in the
LokAdalatand in this regard, the Applicant Bank has filed OTS Memo dated 13.11.2024 duly signed by Branch Manager of the Applicant Bank.
mutually settled the loan account and the Defendants have settled the entire duestowards 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.267/2023 is dismissed as settled in the LokAdalat. Court fee be refunded as per Rules.
(Given under the hand and seal of the LokAdalat Bench on this the l4th day of Dec,2024)
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(cH. sRrNrvAs RAol (s. RAMESH I Member Member
(GUMMADT GOPr CHANDI PO /Judicial Member
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1 issue framed by the court
Whether the original application filed in the Debts Recovery Tribunal should be disposed of after mutual settlement of dues between the banks and the borrowers.
1 provisions across 1 enactments
Union Bank of India
Sunkara Rama Koteswara Rao and others
Shri Gummadi Gopichand
Shri Ch. Srinivas Rao
Shri S. Ramesh
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
