Lok Adalat Bench dismissed securitization application as infructuous following compromise where respondents withdrew SARFAESI notices due to borrower's death, subject to liberty to initiate fresh proceedings.
SA dismissed as infructuous with liberty to respondent to initiate fresh proceedings under SARFAESI Act.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
I
BEFORE THE LOK ADALAT DEBTS RECOVERY TRIBUNAL II . HYDERABAD
AWARD
DATED: 2t.t2.2025
IN
SECURITIZATION APPLICATIoN No: TBB/2025
Prese nt: -
Reference made by
Applicants through: Respondent through:
M/s. Shravan Kumar Ragi, Adv. Mr. G. Prabhakar, Advocate.
Between: -
M/s. Lakshmi Narayana Traders & Others. And
Edelweiss Asset Reconstruction Co. Ltd.
Applicants.
........ Respondent.
I
sA. 188/202s
keeping the death ofMortgagor-Nakkala Narsimlu Goud on 01.10,2020posted with the respondent, led to issuance of notices and appointmentof Advocate Commissioner in Crl'M'P' 2512025 under theSARFAESIAct. Therefore, respondent has withdrawnallthesaidnoticesandSoughtforlibertytoinitiate freshproceedings underthe SARFAESIAct' Learned counsel appearing for theapplicant endorsed his no objectionto this effect on the Memofiled by the respondent'
(Given under the hand andseal of the Lok AdalatBenchon this the 21st day ofDecember,2025)
Qir^*M ftru't K' Kldqthi Kumar .--4.Ramesh Member Member
A">Rahi6shwar Kothe Presiding Officer
M/s. Lakshmi Narayana Traders & Others
Edelweiss Asset Reconstruction Co. Ltd.
Sri Rameshwar Kothe
Sri S. Ramesh
Sri K. Kranthi Kumar
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
