Canara Bank v. Vruthi Agro Products

What is this about?

In a reference made by the Debts Recovery Tribunal- I at Hyderabad to the National LokAdalat, the defendant agreed to settle the loan account mutually with the applicant bank. The parties executed a Full Satisfaction Memo dated 21.02.2024, and the defendants deposited Rs. 1,13,00,000/- towards full and final settlement. The tribunal dismissed the instant reference as settled.