Dismissed

Icici Bank Limited v. Mr Mahabub Khan

DRT14 Nov 2025OA/361/2023

Case brief

AI extract

What is this about?

A National Lok Adalat organized by the DTJ approved a compromise settlement for a non-performing asset dispute. The defendant deposited the agreed amount as full and final settlement, resulting in the disposal of the application and refund of court fees.

What did the court decide?

Approval of settlement; deposit of Rs. 5,83,300/- accepted as full and final settlement; court fees refunded to applicant.

Icici Bank Limited versus Mr Mahabub Khan — Company and Corporate | DRT (2025)

¶1

BEFORE THE NATIONAL LOK ADALAT ORGANISED ON 14^TH NOVEMBER, 2025 BY THE DEBTS RECOVERY TRIBUNAL, JAIPUR

¶2

O.A. No. 361/2023

¶3

Applicant(s) :

¶4

ICICI BANK LTD

¶5

(hereinafter referred to as bank/financial institution)

VERSUS

MR MAHABUB KHAN

Defendant(s) :

(hereinafter referred to as borrower/guarantor(s))

¶10

Details of dispute/claim:

¶11

The claim of the bank is to the tune of Rs. 26,33,937/- with interest & cost.

¶12

COMPROMISE

¶13

The borrower has agreed to deposit an amount of Rs. 5,83,300/- (Rupees Five Lac Eighty Three Thousand Three Hundred) as full and final settlement of the dues. The bank authority and the borrower have agreed voluntarily with full consent to receive that amount by the bank and to give that amount by the borrower. The applicant bank states that they have agreed to receive an amount of Rs. 5,83,300/- (Rupees Five Lac Eighty Three Thousand Three Hundred) as full and final settlement. It is stated that borrower does not owe any further amount to the bank in respect of the above accounts after above payment.

¶14

The request for return of original documents as per rules, permitted. Since the matter is before the Lok-Adalat complete court fees be refunded to the applicant bank.

¶15

The above settlement is agreed upon before the Panel and the same is verified in the light of the contents of compromise pursis dated 14.11.2025.

¶16

Applicant(s)

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Defendant(s)

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Advocate for the Applicant(s)/ Authorized Representative

¶19

Advocate for the Defendant(s)/ Authorized Representative

Chairman

Member

Member

Date : 14^th November, 2025 Place : Jaipur

¶24

ORDER/AWARD

¶25

In view of the above settlement and payment in the present matter before LokAdalat, the award is passed. The interim relief, if any, stands vacated. The Original Application no. 361/2023 stands disposed of accordingly.

¶26

Refund of complete Court fees is ordered to be paid to the Bank after acknowledgement of the same.

¶27

Date: 14^th November, 2025

¶28

(Vimal Gupta) Presiding Officer & Chairman of the Lok Adalat, Debts Recovery Tribunal, Jaipur

Icici Bank Limited v. Mr Mahabub Khan

Case brief

What is this about?

What did the court decide?

Icici Bank Limited v. Mr Mahabub Khan

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Statutes considered

Parties & counsel

Coram

Case details

All orders in this case

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