Disposed

M/S. Icici Bank Limited v. M/S Cosr Ventures

DRT13 Sept 2025OA/257/2025

Case brief

AI extract

What is this about?

Lok Adalat settled a loan recovery dispute between ICICI Bank and COSR Ventures. The parties agreed to a reduced settlement amount of Rs. 6.75 crore with a structured payment schedule. Default clauses were included in the settlement terms.

What did the court decide?

Settlement of loan account for Rs. 6,75,00,000/- payable in three instalments; Recovery Certificate entitlement for default.

M/S. Icici Bank Limited versus M/S Cosr Ventures — DRT (2025) — LawSathi Research

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"o^o

AWARD

DATED: 13.09.2025

O.A. No. 257 of 2025No. 257 of 2025257 of 2025of 20252025

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O.A. No. 257 of 2025No. 257 of 2025257 of 2025of 20252025 Present:w""'i 1. Sri Rameshwar Kothe, presiding Officer ,l'fi"l'rgj (x 2. Sri A. M. Kiran Kumar, Member -+ R 3. Ms. A. Tanuja, Member h. s>. e Reference made by oI 3{ Applicant Bank through: Shri Dishit Bhattacharjee, Advocate. <L

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Defendants through: Shri C.Prabhakar, Advocate

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Between:-

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$ qA ICICI Bank Limited., ...... Applicant J 5c\ a Versu s :<-'J (- 5o 'c\ M/s. COSR Ventures & Ors. .... Defendants.^{?</sup> <. t- 2Y --i}

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Whereas the applicant bank has filed the instant OA in thisTribunal '" -9l for recovery of a sum of Rs.7,03,25 ,572.33ps together with future ot: interest, costs etc., against the detendants. t.?.?

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t.?.?

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Whereas during the pendency of the^proceedings the Applicant Bank i and the Defendants have mutually consented to settle the loan ,^{</sup> account for Rs.6,75,00,000/-. The Joint Memo of setflement of X account is filed by both parties in this regard.}

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Now in terms of reference made by the parties before this Lok Adalat on this 13th day of September, 2025 both parties have entered into Terms of Settlement dated 2t.07.2025 Fnd agreed to ',\rtn' ' r''" (i

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oA^2s7l2025

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roan account^{for Rs'6,75'00'000/-/- (l:T",:^:: tttt"} llfaT"",rl^'" ,'rtll"^{bv the Borrower as under:the Borrower as under:Borrower as under:as under:}

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'(> :at^q{ -$t sev llfaT"",rl^'" ,'rtll"^{bv the Borrower as under:the Borrower as under:Borrower as under:as under:} 'f'r,{"lc' -a<G i 2'2s 6, nA I '-\ le. t^G&,"' W'truRs,t,00,00,0oo/- r'jitil:^#*:i:::: shall be^{paid by July} ::^31' ;,1:;"^2025; r ^ fu6.-'{d"';ir;.;:;;,.o,ooo/- sharlbe paid bv Aueust 31' 2025; and "Y'r Rs.3,07,s0,000/-^{shall be paid bv september' 2025'} \gf,;) .i-

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In case^{of default of payment of any part of OTS amount} ]!:^-, Applicant Bank^{is entitled for Recovery Certificate for the OA'No'257} ,

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copy of this^{order be provided to the concernedpartiesor their} representatives.

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l-^{on this the 13h day ofthis the 13h day ofthe 13h day of13h day ofday ofof} _1 K". < o\ lJ c: )->-2 /fu.,-.rott / ,/ <b'"^' FY R5meshwar Kothe <J Presiding Officer

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(Given under the hand and seal of the^{LokAdalat Bench on this the 13h day ofthis the 13h day ofthe 13h day of13h day ofday ofof} September,2025)

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.[A],." /^- &) A.M. Kiran KumAr A. Tanuja Member Member

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Qlf

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h* g.1 g. Sarr'et;1^tura"t ve Ha*.,^{,,"-u (*a to'tt</sup> e" C 0^{t e-Verv r c'a cl} rz lotl-{ lxLt(^u ,DB^fiDDL b,Lba4--^{/e4T uA e</sup>}}

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T^J---^fu^h,'J For lClcl Bank Llmlted IX*"r t.,^d'+ Iilrypn Authbrlsed Officer 5.-:q--a^*^p.t 3 )tlr",

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M/S. Icici Bank Limited v. M/S Cosr Ventures

Case brief

What is this about?

What did the court decide?

M/S. Icici Bank Limited v. M/S Cosr Ventures

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Parties & counsel

Coram

Case details

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