OA No.278/2023 before the National Lok Adalat was disposed of as settled. The debtor deposited Rs.18.95 crores to settle a debt recovery matter initiated by Indian Bank. The court dismissed the office and ordered refund of court fees.
OA dismissed as settled. Court fee refunded.
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BEFORE THE NATIONAL LOK ADALAT
IN THE DEBTS RECOVERYTRIBUNAL.IAT HYDERABAD
DATED THIS THE'] 6TH DAY OF MARCH. 2024
PRESENT:-
OA.No.278/2023
Indian Bank, Stressed Asset Management branch, Koti, Hyderabad. Represented by its authorised officer
Versus
M/s. Be'rollex Private Limited & others
Reference made by:-
Applicant Bank through AGM SriS. Dandapani Defendants .... None
-:AWARD:-
Vd{e .5<sup>--S 2. Wh or.i,ffitn"' cy of the case before the DRT-I, Hydera the Ap[[icant and the Defendants have mutually
consented to settle the loan account in the LokAdalat and in this regard, the Applicant Bank has filed Full satisfaction Memo dated 07.02.2024 duly signed by Branch Manager of the Applicant Bank.
have mutually settled the loan account and the Defendants have deposited the sum of Rs.18.95 crores towards 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.27g/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 16th day of l4arch, 2024)
sd/-
sd/-
(N. MEHER PRASADI (J. RAMA DEVrI (GUMMADT cOPr CHANDI Member Member PO /Judicial Member
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Assl.
t\oi-t HYDERABAO,
Indian Bank
M/s Be'rollex Private Limited
Gummadigopichand
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
