This award records the mutual settlement of a loan account under One Time Settlement (OTS) between the parties. Consequently, the securitization application filed by the applicant assailing the bank's recovery action was closed as not pressed.
Securitization application No. 29912022 closed as not pressed due to mutual settlement.
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.
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BEFORB THE LOK ADALAT DEBTS RECOVERY TRIBUNAL II HYDERABAD
AWARD
DATED: 16.03.2024
IN
SECURITIZATION APPLICATION NO: 29912022
Present:-
Reference made by
Applicant through: Shri Abhay Singh, Advocate.
Defendants through: Shri Laxminarayana & Associates.
Between:-
Shaik Ghouse. .. Applicant.
Versus
The Authorized Officer,
nance Limited & Anr .. . .. Respondents. tqrrqrE ffits a* $ {ow,w
sA.29912022
(Given under the hand and seal of the Lok Adalat Bench on this the day of March, 2024)
16'h
inesh Kumar
G-
P.Rfishwari
Member
Rameshwar [b"'Kothe Presiding Officer
Shaik Ghouse
The Authorized Officer, Security... Limited & Anr.
Rameshwar Kothe
G. Dinesh Kumar
P. Rajeshwari
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
