At the National Lokadalat, DRT-1, Hyderabad, appellate court allowed an application filed by a third party auction purchaser seeking permission to withdraw a filed memorandum of complaint in a recovery matter. The matter was disposed of without hearing the bank.
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BEFORE THE NATIONAL LOKADALAT
IN THE DEBTS RECOVERY TRIBUNAL. I AT HYDERABAD
DATED THIS THE 1 6TH DAY OF'MARCH , 2024
PRESENTi
s.A.No.302 /2022
A.M. Traders
... Applicant
Versus
Indian Overseas Bank, ARM Branch, Chikkadpatly, Hyderabad, TS. Rep. by its Authorized Officer
... Respondent
Reference made by:-
Applicant through counsel Respondent Bank ...... None
-:AWARD:-
(Given under the hand and seal of the LokAdalat Bench on this the 16th day of March,2024)
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(N. MEHER PRASAD) Member
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(J. RAMADEVTI
Member
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(GUMMADT cOPr CHAND) PO /Judicial Member
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1 issue framed by the court
Whether permission of the LTD is required for withdrawal of the memorandum of complaint by a third party auction purchaser of the loanee?
A.M. Traders
Indian Overseas Bank, ARM Branch, Chikkadpatly, Hyderabad, TS
GUMMADI GOPICHAND
N. MEHER PRASAD
J. RAMADEVI
As recorded by the court registry
2 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
