Debts Recovery Tribunals and Appellate Tribunals
UNION BANK OF INDIA vs MS KUBER ENGINEERING on 8 May 2026
BEFORE THE SPECIAL LOK ADALAT
ORGANISED ON 8THMAY, 2026 BY THE
DEBTS RECOVERY TRIBUNAL, JAIPUR
M.A. No. 78/2026
Applicant(s) :
UNION BANK OF INDIA
(hereinafter referred to as bank/financial institution)
VERSUS
M/S KUBER ENGINEERING
Defendant(s) :
(hereinafter referred to as borrower/guarantor(s))
Details of dispute/claim/settlement:
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1. The claim of the bank is to the tune of Rs. 41,00,000/-with interest &cost.
2. The Defendants requested the Bank to settle the account and offered to pay Rs. 3,00,000/-
3. 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. 3,00,000/- as full and final settlement out of which Rs. 30,000/- of the settlement amount is being paid immediately and balance amount will be paid within 3 months. It is stated that after above payment borrower does not owe any further amount to the bank in respect of the above accounts.
4. 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.
5. The above settlement is agreed upon before the Panel.
Applicant(s)
Defendant(s)
Advocate for the Applicant(s)/
Advocate for the Defendant(s)/ Authorized Representative
Authorized Representative
Chairman
Member
Member
Date: 8th May, 2026 Place: Jaipur
ORDER/AWARD
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 amount along with contractual rate of interest. The interim relief, if any, stands vacated. The M.A. No. 78/2026 stands disposed of accordingly. Refund of complete Court fees is ordered to be paid to the Bank after acknowledgement of the same.
Date:8th May, 2026
(Vimal Gupta) Presiding Officer& Chairman of the Lok Adalat, Debts Recovery Tribunal, Jaipur