The National Lok Adalat dismissed SA No. 51/2023 filed by an educational society against an asset reconstruction company as settled and infructuous based on a settlement memo filed by the applicant.
Disposal of SA No. 51/2023 as settled outside the court due to settlement between parties.
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BEFORE THE NATIONAL LOKADALAT
IN THE DEBTS RECOVERYTRIBUNAL"I AT HYDERABAD
DATEDTHISTHE25TH DAYOF JULY'2026
PRESENTi
c SHRI T. VIJAYKUMAR, ADVOCATE/MEMBER
a SMTI. B. PADMAVATHI, AOVOCATE/MEMBER
s.A.No.s1/2023
Sree RajaRajeshwara EducationalSociety' Rep byits General SecreatarY, Sri, K IndrasenaReddy and Another
"'Applicant
Versus
SurakshaAsset ReconstructionLimited G;;li"e;ly6;;*n "ts'Lrttna AssetReconstruction Pvt' Ltd') Mumabai. Refresentedby its Authorised office ^-i-^A ^c€i r -ar ... Respondent
Referencemade bY:-
Applicant RespondentBank
Hari PrasadPodila K. Nandini
.:AWARD:.
filed theinstantSA inDRT-1,HYderabad, ndentBank for recoveryof its dues.
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2, In view of the memodated L4,07,2026filed by the Applicant stating that the Applicanthas settled the account with the respondent bank and the nothing remainsin matter and matter becomesinfructuousand prays for closure of sA,Accordingly, sA.No.51/2023is dismissed as settledoutside thecourtasmatterbecomeinfructuous.Inviewofthesaidmemofiledby the Applicant,the SA.No.5Ll2o23is dismissed as settled outside the court.
to the concerned Partiesor their 3. CoPY of thisorder be Provided rep resentatives.
(Given under thehand and seal of the LokAdalat Bench on this the 25th day of JULY, 2025)
sd/-
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(8. PADMAVATHI} (T. VIJAY KUMAR) Member Member
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(GUMMADI GOPICHANDI PO /JudicialMember
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Sree Raja Rajeshwara Educational Society Rep by Sri K Indrasena Reddy and Another
Suraksha Asset Reconstruction Limited / Si Lahri Asset Reconstruction Pvt Ltd
Shri Gummadi Gopichand
Shri T. Vijay Kumar
Smti. B. Padmavathi
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
