A Summary Adjudication before the Lok Adalat was closed as the loan dispute between the applicant and respondent bank was settled amicably for Rs.40 lakhs pending before the Tribunal.
The Summary Adjudication was closed as the underlying dispute was settled amicably for Rs. 40 lakhs.
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 RF]COVERYTRIBUNAL II HYDERABAD
AWARD
DATED: 28.09.2024
IN
SA NO: 19712024
Present:-
Reference made by: Applicant through: Shri T. V,jay Kumar, Advocate. Respondent Bank through: M.V. Kini, Advocates.
Between:-
M/s. Opal Flooring Pvt. Ltd. Applicant.
Versus
Union Bank of India.
Respondent.
sA 797 /2024
Learned counsel also filed a Memo to this effect. Learned counsel appearing for the Applicant reported no objection.
J. Now in view of reference made by the Counsel for the Respondent Bank before this Lok Adalat on this the 28rh September, 2024, the 54.197/2024 is closed. Learned counsel appearing for the Respondent bank prays for closing the SA as settled amicably between the parties . In view of the statement rnade before this Lok Adalat, the SA. 19712024 is closed as settled.
(Given under the hand and seal of the l-ok Adalat Bench on this the 28th day of September, 2024.)
0^yto
P.A.v) Bata Piffif--
Member
&Y ov
V. Babita Rameshwar Kothe
Member Presiding Officer
M/s. Opal Flooring Pvt. Ltd.
Union Bank of India
Rameshwar Kothe
P.A.V. Bala Prasad
V. Babita
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
