Disposed

Bank of Baroda v. Shri Ram

DRT8 May 2026OA/1830/2025

Case brief

AI extract

What is this about?

A Debts Recovery Tribunal Special Lok Adalat organized in Jaipur disposed of an original application against the amount claim of Rs. 34,83,952.28, marking a settlement of Rs. 13,30,000 payable on 11.05.2026 as full and final settlement, accompanied by a refund of court fees.

What did the court decide?

Full and final settlement of Rs. 13,30,000; Original Application No. 1830/2025 disposed of; Refund of complete court fees ordered to the bank.

Bank of Baroda versus Shri Ram — Banking and Recovery | DRT (2026)

¶1

BEFORE THE SPECIAL LOK ADALAT ORGANISED ON 8^TH MAY, 2026 BY THE DEBTS RECOVERY TRIBUNAL, JAIPUR

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O.A. No. 1830/2025

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Applicant(s) :

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BANK OF BARODA

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(hereinafter referred to as bank/financial institution)

VERSUS

SHRI RAM

Defendant(s) :

(hereinafter referred to as borrower/guarantor(s))

¶10

Details of dispute/claim/settlement:

¶11

The claim of the bank is to the tune of Rs. 34,83,952.28/- with interest &cost.

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The Defendants requested the Bank to settle the account and offered to pay Rs. 13,30,000 /-.

¶13

The bank and the borrower have agreed voluntarily with full consent to receive that amount by the bank and to give that amount by the borrower. The applicant bank states that they have agreed to receive an amount of Rs. 13,30,000/- as full and final settlement and settlement amount will be paid on 11.05.2026. It is stated that after above payment borrower does not owe any further amount to the bank in respect of the above accounts.

¶14

The request for return of original documents as per rules, permitted. Since the matter is before the Lok-Adalat complete court fees be refunded to the applicant bank.

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The above settlement is agreed upon before the Panel.

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Defendant(s)

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Applicant(s)

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Advocate for the Applicant(s)/ Advocate for the Defendant(s)/ Authorized Representative Authorized Representative

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Chairman Member Member

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Date : 8^th May, 2026 Place : Jaipur

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ORDER/AWARD

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In view of the above settlement and payment in the present matter before Lok-Adalat, the award is passed in above terms. If the payment is not made, then the bank will be entitled to receive actual OA amount along with contractual rate of interest. The interim relief, if any, stands vacated. The Original Application no. 1830/2025 stands disposed of accordingly. Refund of complete Court fees is ordered to be paid to the Bank after acknowledgement of the same.

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Date: 8^th May, 2026

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(Vimal Gupta) Presiding Officer& Chairman of the LokAdalat, Debts Recovery Tribunal, Jaipur

Bank of Baroda v. Shri Ram

Case brief

What is this about?

What did the court decide?

Bank of Baroda v. Shri Ram

Case brief

What is this about?

What did the court decide?

What the court decided

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