A National Lok Adalat organized by the Debts Recovery Tribunal, Jaipur, settled a dispute where the applicant borrower agreed to pay Rs. 70,43,000/- as full and final settlement of a bank claim of Rs. 96,42,729.74.
Securitization Application disposed of as settled; borrower to pay Rs. 70,43,000/-; original documents and court fees to be returned/refunded upon payment.
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 NATIONAL LOK ADALAT ORGANISED ON 14TH NOVEMBER, 2025 BY THE DEBTS RECOVERY TRIBUNAL, JAIPUR
S.A. No.72/2025
Applicant(s)/Appellant(s)/Certificate Holder(s) :
HARSH GUPTA
(hereinafter referred to as borrower/guarantor(s))
VERSUS
ICICI BANK LIMITED
Respondent(s)
(hereinafter referred to as bank/financial institution)
Details of dispute/claim:
The claim of the bank is to the tune of Rs. 96,42,729.74 with interest and cost.
COMPROMISE
authorized officer of the Bank filed withdrawal pursis before the Panel and the same is verified in the light of the contents of settlement.
Applicant(s)/Appellant(s) Defendant(s)/Respondent(s) Advocate for the Applicant(s)/ Advocate for the Defendant(s)/ Authorized Representative Authorized Representative
Chairman Member
Member
Date :14th November, 2025 Place : Jaipur
ORDER/AWARD
In view of the statement made by the parties the Securitization Application no. 72/2025 stands disposed of as settled. After complete payment Original documents be returned to the borrower/applicant and complete court fees also be refunded to the applicant. In case of default in payment, Bank/FI will be at liberty to continue their securitization proceedings.
Date: 14th November, 2025
(Vimal Gupta) Presiding Officer& Chairman of the Lok Adalat, Debts Recovery Tribunal, Jaipur
1 issue framed by the court
Whether the claim for settlement of Rs. 70,43,000/- constitutes a valid compromise to dispose of Securitization Application no. 72/2025.
1 provisions across 1 enactments
Harsh Gupta
ICICI Bank Limited
Vimal Gupta
Debts Recovery Tribunal
Jaipur
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
