The National Lok Adalat disposed of reference SA. No. 182/2022 by recording that the loan account closed via an Out of Time Settlement (OTS) filed by the Respondent Bank, rendering the Reference obsolete.
The reference is closed with a liberty to file a fresh SA if any need arises in the future.
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 28TH DAY OF SEPT I 2024
PRESENT:-
s.A.No.1A2,/2022
M/s. Sridevi Enterprises and another
... Applicant
Versus
Union Bank of fndia, Mancherial branch, Mancherial district Rep. by its l\uthorized Officer
... Respondent
Reference made by:-
Applicant Respondent Bank
Sri K. Pradeep Reddy Sri B. Praveen Kumar
-:AWARD:-
In ed 2511.09.2024 filed by the Respondent Bunk ii';s;il$jn"ii';s;il$jn" has agreed for OTS and loan account of has been closed *been closed *closed ** the bank, nothing survives to decide on .u,.ii,. I nJ#o[ffir#3a.ruEI nJ#o[ffir#3a.ruEnJ#o[ffir#3a.ruE 2/2022is closed with a liberty to the 1.r..lr , ^.:J nern"_#
Applicant to file fresh sA if there is any need in future. In view of the said memo filed by the Respondent, the SA.No.182/2022 is disposed of as withdrawn.
(Given under the hand and seal of the LokAdalat Bench on this the 28th day of Sept, 2024)
sd/-
(v. RAGHU) Member
Sd/-
Sd/-
(K. KRANTHT KUMARI (cuMMADr copr CHANDI Member PO /Judicial Member
O"Fryn""i{df"il,
DRT.I,HYDERABAD,
M/s. Sridevi Enterprises and another
Union Bank of India, Mancherial branch
Gummadigopichand
V. Raghu
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
