Allowed
Canara Bank v. Ms Radha Rani Engineering Enterprise
DRTOA/610/2024
Case brief
AI extract
What is this about?
The Lok Adalat recorded a settlement between Canara Bank and M/s Radharani Engineering Enterprise regarding a claim of Rs. 30,36,000. The dispute was amicably settled at Rs. 20,50,000, with an immediate payment of Rs. 4,00,000 and three installments of Rs. 5,50,000 each within three months.
What did the court decide?
Defendant to pay Rs. 4,00,000 immediately and the balance of Rs. 16,50,000 in three installments of Rs. 5,50,000 each by specified dates within September 2026.