Disposed
Sri Subrata Das v. Uco Bank
DRTSA/351/2023
Case brief
AI extract
What is this about?
This is an award of a Lok Adalat where a dispute referred to proceedings was settled. The applicant paid an OTP amount to the respondent bank, which issued a No Due Certificate and closed the loan accounts, disposing of the SARFAESI application.
What did the court decide?
Settlement of claim via OTP payment; issuance of No Due Certificate; closure of loan accounts; disposition of SARFAEI application as settled.