National Lok Adalat heard an application under the Debt Recovery Tribunal challenging bank recovery action for dues of Rs. 40.54 lakh as the proceedings were disposed of as withdrawn due to payment of the amount by the respondent bank.
The arbitration session is closed with liberty to the applicant to file fresh SA if there is any need in 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 LOKADALAT
IN THE DEBTS RECOVERYTRIBUNAL- IAT HYDERABAD
DATED THIS THE 1 4TH DAY OF DECEMBER, 2024
PRESENT:-
5.A.No.239/2023
Mr. B. Chander
... Applicant
Versus
ICICI Bank,
Rep. by its authorised officer
... Respondent
Reference made by:-
Applicant Respondent Bank
... Sri T. Sridhar Reddy .. Sri B. Ravindra Reddy
-:AWARD:-
the memo dt.20.IL2024 tiled by the Respondent Bank applicant has paid the amounts and the account was the respondent bank prayed for withdrawal of SA. o.* 39/2O23is closed with a liberty to the Applicant to 1 4 0E8 mf' *#
file fresh SA if there is any need in future. In view of the said memo filed by the Respondent, the SA.No.23912023 is disposed of as withdrawn.
(Given under the hand and seal of the LokAdalat Bench on this the 14th day of Dec,2024)
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(Ch. Srinivas Rao) (S. Ramesh ) Member Member
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(GUMMADT coPr CHANDI PO /Judicial Member
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B. Chander
ICICI Bank
Gummadi G
SHRI . CH. SRINIVASA RAO
S. RAMESH
As recorded by the court registry
2 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
