Disposed

State Bank of India v. Prakashchand Manakchand Mutha

DRT25 Jul 2026OA/9/2025

Case brief

AI extract

What is this about?

A Special and National Lok Adalat disposed of an Original Application filed by State Bank of India against Prakashchand Manakchand Mutha. The matter was withdrawn after the defendant paid a settlement amount of Rs. 45,00,000/- under an Out of Court Settlement, leading to the withdrawal of the recovery claim.

What did the court decide?

Original Application disposed of; court fees refunded; original documents returned.

State Bank of India versus Prakashchand Manakchand Mutha — Banking and Recovery | DRT (2026)

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BEFORE THE^{SPECIALAND NATIONAL LOK ADALAT} ORG ANISED ON^{25th Julv . 2026 BY THE} DEBTS REC OVERY^{TRIBUNAL,AURANGAB AD AND} DSTRCIT LEGAL SERVICES^AUTHORIY

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OA No. 9/2025^{(SuPP Sr.no.4 )}

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OA WITHDRAWAL

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Applicant(s): State^{Bank Of India} fi&einafter^{referredto as i borrower / guarantors)}

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VERSUS

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Defendant(s) : Mr.^{PrakshchandMakhanchandMutha} gr"..i*ft.. referred to as bank / financial^institution)

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Details of dispute /^{claim: The claim of the bank is to the tune of} Rs.33,19,036.64^{/- with cost and interest.}

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The defendant/s^{has paid the dues in his / their loan account an amountof} Rs. 45,00,000 /-^{(Rupees Forty Five Lakh onty)as settlement amount under} oTS. Therefore,^{the applicantbank doesnot want to proceed further. Hence} present Original Application^{may be withdrawn as per the Consent} Terms/Pursis/tA^{filedby the bank which is marked as 'A''}

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. Since the matter^{is before the Special and National Lok-Adalat,the court} Fees be refunded^{to the applicant bank as per rules'}

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Page No. 2

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In view of the above Consent Terms/Pursis/IA filed on record / uploaded online.

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Applicant(s)

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Respondent(s)

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Advoca for the Appli can S ) /Authorized Representative

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Advocate for the Respondent(s) /Authorised Representative

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Adv. Il a i Panchal Member

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Special and National Lok Adalat

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Shri. Ma nd Adwant Chairman Special and National LokAdalat

Date : 25.07.2026

Place: Aurangabad.

ORDER

In view of the above consent terrns/Pursis/IA^..vhich are filed online/offline in the present matter, the older is passed. The OA .No, -9t2025 stands disposed of accordingly.

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Refllnd of Court Fees is allowed as pet l'ulc:. The au,ard stands satisfied. Original dccuments be returned as per nrles.

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Date : 25.07 .2026

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Shri. Maka ran d Adwent Chairman Special and National Lok Adalat

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Page No. 2

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BEFORE THE SPECIALANDNATIONAL LOK ADALAT ORGANISED ON 25thDAYOFJULY.2O26 BY THE DEBTS RECOVERY TRJBUNAL. AURANGABAD

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oN09t2025

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WITHDRAWAL PURSIS

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Applicant(s): STATE BANK OF INDIA

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VERSUS

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Defendant(s) : PRAKASHCHAND MANAKCHAND MUTHA (hereinafter referred to as / borrower / guarantor(s))

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Details of disoute / claim: The claim of the bank is to the tune of Rs.33,19,036.64l- with cost and interest.

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The defendanVs has paid the dues in his / their loan account an amount of Rs. 45,00,000/- (Rupees Forty Five Lakh Only) as settlement^amount under OTS. Therefore, the applicant bank does not^want to^{proceed further.} Hence present Original Application may be withdrawn as^per the^present withdrawal Pursis filed by the bank.

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The request for retum of original documents as per rules may be permitted. Since the matter is before the Special and National Lok-Adalat, the Court Fees may please be refunded to the applicant bank^{as per rules.}

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Applicant(s) Defendant(s)
o
* iFIKII'IKI
fik
egdi :not
295
Advocate for the .H. Bank Advocate for the Certificate
Authorised Representative Debtor / Certificate Debtor

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Date: 2510712026 Place: Aurangabad.

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tSBJ]

State Bank of India v. Prakashchand Manakchand Mutha

Case brief

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State Bank of India v. Prakashchand Manakchand Mutha

Case brief

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