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H Nadeem Ahmed versus Shriram Finance Limited — Banking and Recovery | DRT (2024)

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DRT
2024
H Nadeem Ahmed versus Shriram Finance LimitedH Nadeem Ahmed v. Shriram Finance Limited

Dismissed

H Nadeem Ahmed v. Shriram Finance Limited

DRT28 Sept 2024SA/164/2024

Case brief

AI extract

What is this about?

The Lok Adalat closed the applicant's secuiritization appeal against recovery action as the respondent reported the dues were settled.

What did the court decide?

Securitization Appeal No. 164/2024 was closed as settled due to payment of dues.

What the court decided

AI extract

Outcome

Securitization Appeal No. 164/2024 was closed as settled due to payment of dues.

Detailed headnote1 paragraphs

The proceedings in Securitization Appeal No. 164/2024 stood closed unanimously. The applicant assailed recovery action by the respondent. However, during pendency, the respondent reported that the applicant had paid the dues. Consequently, the appeal was dismissed as settled.

A compact analysis

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.

A

BEFORE^{THE LOK ADALAT} ON TS^{RECOVERY TRIBUNALII} HYDERABAD

AWARD

DATED:^28'09'2024

IN

SECURITIZATIONAPPI,ICATIONNo:164/2024

Present:-

Sri Rameshwar^{Kothe, Presiding Officer}

Sri P.A.V.^{Bala Prasad, Member}

Ms. V.^{Babita, Member}

Reference^{made bY:} Applicant through: Shri v. sethu v. sethu sethu^{Madhava Rao, Advocate'} Respondent through: Shri M' Indrasen'^Advocate'

Shri v. sethu v. sethu sethu^{Madhava Rao, Advocate'}

Between:-

H. Nadeem Ahmed.

Applicant.

Versus

Sriram Finance^Ltd.

Respondent.

whereas the^{applicant filed the instant sA in this Tribunal assailing} the action taken^{by the RespondentBankfor recoveryof its dues'} AW*y

sA.t64/ 2024

whereas during the pendency of the case before this Tribunar, the Respondent Bank reported that appricant paid the due amount to the Respondent and settred the case. Learned counser arso fired a Memo ::^tn:ffi: Learned counsel appearing ror the appricanr reporred

Now in view of reference made by the counser fbr the Respondent before this Lok Adarat on this the 2g,h i"p,"*u.., 2024, the proceedings shail stand crosed. The counser for Respondent prays that the SA may be dismissed as settred. In view of the statemenr made before this Lok Adarat, the SA No. 164/2024 is crosed as settled.

copy of this order be provided to the concerned parties or their representatives.

(Given under the hand and sear of the l-ok Adarat Bench on this the 2g,h day of September, 2024.)

t"fuo-P.A.V. Bala prfsad Member

fiP6"*" Rameshwar Kothe Presiding Officer

Parties & counsel

AI extract

applicant
H. Nadeem Ahmed
respondent
Sriram Finance Ltd.

Coram

AI extract

Rameshwar Kothe
P.A.V. Bala Prasad
V. Babita

Case details

As recorded by the court registry

Court: DRT
Decided on: 28 Sept 2024 · September
Case no.: SA/164/2024
CNR: 280120004852024
Topic: Banking and Recovery
Bench: P.o

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Cite this judgement

H Nadeem Ahmed v. Shriram Finance Limited, SA/164/2024 (DRT), decided on 28 September 2024.

The Debt Recovery Tribunals publishes no neutral citation for this judgement — cite it by case number and date of decision.

Bench / Coram

Rameshwar Kothe and P.A.V. Bala Prasad and V. Babita

Parties & counsel