The National Lokadalat disposed of Settlement Appeal No. 50/2023 filed by M/s. R.S. Bike Zone against Union Bank of India, allowing the withdrawal of the SARFAESI process notice based on a mutual settlement.
The Appellant's SARFAESI process notice was withdrawn; the appeal was disposed of as withdrawn.
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BEFORE THE NATIONAL LOKADALAT
IN THE DEBTS RECOVERYTRIBUNAL- IAT HYDERABAD
DATED THIS THE 1 6TH DAY OF MARCH , 2024
PRESENTi
.) SHRI , N. MEHER PRASAD,ADVoCATE,/MEMBER
S.A.No.5O,/ZO2B
M/s. R.S. Bike Zone
... Applicant
Versus
Union Bank of India, Kothakota branch, Wanaparthy district, TS, Rep. by its Authorized Officer
... Respondent
Reference made by:-
Applicant ... None Respondent Bank through its Manager
-:AWARD:-
5O/2O23is closedwith a liberty to theApplicant to file fresh sA if there is any need in future. Inview ofthe said memofiled by the Respondent, the SA.No.50/2023 is disposedof as withdrawn.
(Given under the hand and seal of the LokAdalatBench onthis the 16th day of March, 2024)
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(N. MEHER PRASAD) (J. RAMADEVI) (GUMMADI GOPICHAND) Member Member PO /Judicial Member
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1 provisions across 1 enactments
M/s. R.S. Bike Zone
Union Bank of India, Kothakota branch, Wanaparthy district, TS
GUMMADI GOPICHAND
N. MEHER PRASAD
J. RAMADEVI
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
