In this reference case before a Lok Adalat, a loan account settlement was effected during the pendency of debt recovery proceedings. The applicant bank requested withdrawal as no funds remained to recover.
Case OA No.87212023 disposed of as withdrawn due to settlement of loan account.
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 LOK ADALAT DEBTS RECOVERY TRIBUNAL. II HYDERABAI)
AWARD
DATED: 28.09.2024.
IN
ORIG INAL APPI-ICATIC)N NO:- 87212023
Present:-
l. Sri Rameshwar Kothe, Presiding Officer
Reference made by
Applicant Bank through: M/s.M.V.Kini, Advocate.
Defbndants through:
Between:-
ICICI Bank I-irnited
...... Applicant
Versus
Mr.Velachetti Prasad & Another.
. . .. Defendants.
l. Whereas the applicant bank has filed the instant OA in this Tribunal for recovery of a sum of Rs.22,77,0H1.- together with future interest, costs etc against the defendants. ( V
O.A. No.87212023
(Given underthe hand and seal of the Lok Adalat Bench on this the28th day of SePtember,2024')
.hs- Member "&nv Member*ffi**n" PresidingOfficer
ICICI Bank Limited
Mr. Velachetti Prasad
Rameshwar Kothe
P.A.V.Bala Prasad
V.Babitha
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
