The Debts Recovery Tribunal, acting as a Lok Adalat, dismissed the securitization application as settled out of court upon confirmation that the loan account was closed and dues were received.
Securitization Application No. 503/2024 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
DAIED: 27.72.2025
IN
SECURITIZATION APPLICATION NO: 503/2024
Present:-
3, Sri K. Kranthi Kumar, lvlember,
Reference made by
Applica nts th rough:
Respondent through:
N4 r. Siddharth Pogula, Advocate. Mr. Rusheek Reddy K.V, Adv.
Between:-
lvl/s. spectra India HousingPvt.Ltd. Applicant. And M/s. Samman Finserve Limited.Samman Finserve Limited. Respondent.
M/s. Samman Finserve Limited.Samman Finserve Limited.
sA. s03/2024
being settled out of the court. Learned counsel appearing for the respondent also filed Memo on similar lines confirming the closure of loan account and receipt of the dues.
(Given under the hand and seal of the Lok Adalat Bench on this the 21st day of December, 2025)
94**F 6corG
S. Ramesh K.Vrrnthi Kumar
[4ember Member
/il*u RaHeshwar Kothe Presiding Officer
M/s. spectra India Housing Pvt.Ltd.
M/s. Samman Finserve Limited
Rameshwar Kothe
Ramesh
Kranthi Kumar
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
