Debts Recovery Tribunals and Appellate Tribunals
IDBI BANK vs Pratap Subhash Thipse on 27 July 2024
Dr. 4
BEFORE THE NATIONAL LOK ADALAT
AT
DEBTS RECOVERY TRIBUNAL NO.3 MUMBAI
Saturday, this the 27<sup>th</sup> July 2024
ORIGINAL APPLICATION NO. 18 of 2023.
IDBI BANK LTD ... Applicant
And
PRATAP SUBHASH THING and another ... Defendants Matter taken up in National Lok Adalat today. The Applicant has filed the Application bearing I.A. No. 1919 of 2024 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. 6,53,843 /- against the claim of Rs. 49,84,636 /- and the loan A/c is uprated.
2. The Defendants paid the agreed amount of Rs. 6,53,843 /- (Rupees SIX LAKH FIFTY THREE HUNDRED EIGHTY AND FORTY Paise 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 Original Application No. 18 of 2023 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
*D. Naik*
दिपा नाईक / DEEPA NAIK APPLICANT महाप्रबंधक / AGM ई.आई.एन.- १०५१६८ / EIN - 105168 आईडीबीआई बैंक लिमिटेड / IDBI Bank Limited Awarded on this 27<sup>th</sup> July 2024.
**PANEL MEMBERS**
*Anupam Ravi* Anupam Ravi, Member (AGM, BOI)
*Ketki Minhas* Ketki Minhas, Member (Advocate)
*Subhash D. Dharmachari* Subhash D. Dharmachari (Reid. District & Sessions Judge) -NATIONAL LOK ADALAT BENCH DRT-3, MUMBAI AT: VASHI