Inatters of Securitization Application No. 30/2022, before the Debts Recovery Tribunal, regarding a loan account between applicants and Indian Overseas Bank, where the case was disposed of after parties reported a settlement under a Joint Compromise Memo.
The Securitization Application was disposed of in terms of a joint compromise.
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.
m #+ BEFORE THE ffi, LorDl ALAT DEBTS RECOVERY DERABAD
AWARD
DATED: 20.06.2026
IN
SECURITIZATION APPLICATION NO: 30 OF 2022
Present: -
Applicant through: Mr. T. Sridhar Reddy, Advocate. Respondent through: Mr. Gampa Rangaiah, Advocate.
Between:-
Smt. P. Sunitha and others Ap-plicants
And
Indian Overseas Bank Respondent
sA.3O/2022
settlement to be paid under three installments i.e., Rs. 7 Lakhs on 24.06.2026, Rs.31,50,000/- on or before 01.0g.2026 and Rs.31,50,000/- on or before 20.09.2026 under the Joint Compromise Memo between the parties. Learned counsel filed the Joint Compromise Memo before this Adalat.
(Given under the hand and seal of the Lok Adalat Bench on this the 20th day of Ju ,2026)
V Sri A. V. S. S. Prasad Smt. K. Nandini Member M em ber
Hffi'u't meshwar Kothe nlBrgEfrrlf.€ff;$$THE Presidi-ngOfficer Govtof lndia
4s*;a Smt, P. Sunitha (Applicant- Party in Person)
{,.,* J A^*,4 'il)" l.u 4s-'*u ol-
Smt. P. Sunitha
Indian Overseas Bank
Rameshwar Kothe
K. Nandini
A. V. S. Prasad
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
