Debts Recovery Tribunals and Appellate Tribunals
IDBI BANK vs MUKESHKUMAR on 22 March 2025
68 (67)
BEFORE THE NATIONAL LOK ADALAT
AT
DEBTS RECOVERY TRIBUNAL NO.3 MUMBAI
Saturday, this the 22nd March 2025
TRANSFER ORIGINAL APPLICATION NO. 11 of 20 23.
IDBI BANK LTD ... Applicant
And
MUKESH KUMAR SHARMA AND OTHERS ... Defendants Matter taken up in National Lok Adalat today. The Applicant has filed the Application bearing I.A. No. 321 of 2025 for withdrawal of the present Original Application.
After hearing by the National Lok Adalat Bench, the Bench is of the view that the Application for Withdrawal has been filed by the Applicant with free will and volition, without any force, pressure and coercion. Hence, the following Award is passed in terms of Withdrawal Application:
**: AWARD :**
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1. The claim of the Applicant is fully satisfied in the sum of Rs. 22,91,616 /- against the claim of Rs. 26,23,941.94 /-.
2. The Defendants paid the agreed amount of Rs. 22,91,616 /- (Rupees Twenty Two Lakhs Ninety One Thousand Six Hundred and Sixteen only) to the Applicant and the Applicant passed receipt to the Defendants to that effect.
3. In view of the said settlement by way of Award, the <sup>Transfer</sup> Original Application No. 11 of 20 23 is closed on account of the settlement.
4. The original documents, if any, be returned to the Applicant after placing the certified copy of the same on record.
5. The Court Fee be refunded as per Section 21 of the Legal Services Authorities Act, 1987.
RO & AC
*Sheela Menon*
शीला मेनन / Sheela Menon प्रबंधक / Manager कर्मचारी कुट / EIN - 6172
APPLICANT
आईडीबी बैंक लिमिटेड / IDBI Bank Limited
Awarded on this 22<sup>nd</sup> March- 2025.
**PANEL MEMBERS**
*Manoj Sharma*
Manoj Sharma, Member (Chief Manager, BOB)
*Nikhil R. Salvi*
Nikhil R. Salvi, Member (Advocate)
*Subhash D. Dharmadhikari*
Subhash D. Dharmadhikari (Retd. District & Sessions Judge)
NATIONAL LOK ADALAT BENCH DRT-3, MUMBAI AT: VASHI
22-03-2025