Debts Recovery Tribunals and Appellate Tribunals
BANK OF BARODA (DENA BANK) vs WALU CHANDRABHAN KAWALE on 3 March 2024
7
BEFORE THE NATIONAL LOK ADALAT
AT
DEBTS RECOVERY TRIBUNAL NO.3 MUMBAI
Saturday, this the 3<sup>rd</sup> March, 2024
T. ORIGINAL APPLICATION NO. 1986 of 2016.
Bank of Baroda (Deemed Bank) ... Applicant
And
Walu chandraabhan Kawate ... Defendants
The above matter is pending before the Tribunal for adjudication. The matter is settled between the parties for Rs. 4,75,000 /- against the claim of Applicant for Rs. 28,33,682 /-. The settled amount has been received by the Applicant.
For BANK OF BARODA
Kaushik D
03/13/24
KAUSHIK
MANAGER (LEGAL)
(Signature of the Applicant)
*Sapan Kumar*
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1. Sapan Kumar, Member (AGM, SBI)
*Bhede*
2. Santosh N. Bhide, Member (Advocate) PANEL MEMBERS
*Subhash D. Dharmadhikari*
Subhash D. Dharmadhikari (Retd. Dist. Judge) PRESIDING JUDGE NATIONAL LOK ADALAT BENCH DRT-3, MUMBAI AT: VASHI
BEFORE THE NATIONAL LOK ADALAT AT DEBTS RECOVERY TRIBUNAL NO.3 MUMBAI Saturday, this the 3<sup>rd</sup> March 2024
T. ORIGINAL APPLICATION NO. 1986 of 2016.
Bank of Baroda (Deena Bank) ... Applicant
And
Walu Chandrabhan Kawale ... Defendants
Matter taken up in National Lok Adalat today. The Applicant has filed the Application bearing I.A. No. 710 of 2023 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 :
1. 1. The claim of the Applicant is fully satisfied in the sum of Rs. 4,75,000 /- against the claim of Rs. 28,33,682 /-.
2. 2. The Defendants paid the agreed amount of Rs. 4,75,000 /- (Rupees Four lakh Seventy Five Thousand only) to the Applicant and the Applicant passed receipt to the Defendants to that effect.
3. 3. In view of the said settlement by way of Award, the T Original Application No. 1986 of 2016 is closed on account of the settlement.
4. 4. The original documents, if any, be returned to the Applicant after placing the certified copy of the same on record.
5. 5. The Court Fee be refunded as per Section 21 of the Legal Services Authorities Act, 1987.
RO & AC **FOR BANK OF BARODA** Kaushik 03/03/24 **KAUSHIK** **MANAGER (LEGAL)**
APPLICANT
Awarded on this 3<sup>rd</sup> day of March 2024.
PANEL MEMBERS
Sapan Kumar Sapan Kumar, Member (AGM, SBI)
Santosh N. Bhide Santosh N. Bhide, Member (Advocate)
Subhash D. Dharmadhikari Subhash D. Dharmadhikari (Retd. Dist. Judge)
PRESIDING JUDGE
NATIONAL LOK ADALAT BENCH DRT-3, MUMBAI AT: VASHI