The Debts Recovery Tribunal disposed of a securitization application as settled out of court after the respondent bank filed a memo stating the claim was settled for Rs. 4,47,29,993.10.
Securitization Application No. 352/2023 was dismissed as settled out of court.
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.
BEFORE THE LOK ADALAT DEBTS RECOVERY TRIBUNAL II - HYDERABAD
AWARD
DATED: 14.06.2025
IN
SECURITIZATION APPLICATTON NO: 352/2023
Present: -
Reference made by Applicant through: Sri S.V. Vanshi Krishna, Advocate,
Respondent through:
Srip. Balaji, Advocate.
Between :-
M/s. GSR Electricals.
......... Applicant.
And
Bank of Baroda.
........ Respondent.
sA. 3s2/2023
amount of Rs.4,47,29,993.10Ps.Hence the SA becomes infructuous. Accordinglylearned counsel prayedfor closing the case as settled out of court.Learned counselfor the applicant endorsed his"no objection"on the memo'
(Given under the hand and seal of theLok AdalatBenchon this the 14th day of June,2025)
W -.*,"ffu,*t Gampa Rangaiah N. M.Shiny Mounika Ra-meshwar Kothe Member Member Presiding Officer
M/s. GSR Electricals
Bank of Baroda
Rameshwar Kothe
Gampa Rangaiah
N. M. Shiny Mounika
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
