Debts Recovery Tribunals and Appellate Tribunals
BANK OF BARODA DENA BANK vs RAMCHANDRA SHANKAR PAGAR on 9 December 2023
BEFORE THE NATIONAL LOK ADALAT.
AT
DEBTS RECOVERY TRIBUNAL NO.3 MUMBAI
Saturday, this the 9<sup>th</sup> December 2023
ORIGINAL APPLICATION NO. 1405 of 2016.
Bank of Baroda
Ramchandra Shankar ... Applicant
And
Ramchandra Shankar payat ... Defendants
The above matter is pending before the Tribunal for adjudication. The matter is settled between the parties for Rs. 2,70,000/- against the claim of Applicant for Rs. 21,10,608/-. The settled amount has been received by the Applicant.
For BANK OF BARODA
Kaushik M
KAUSHIK 09/12/23
(Signature of the Applicant)
3. Mangesh Tikhe, Member (DGM, IDBI)
4. Sashin Koli, Member (Advocate)
PANEL MEMBERS
Arun Kumar Singal (PO, MDRT-3)
PRESIDING JUDGE
NATIONAL LOK ADALAT BENCH
DRT-3, MUMBAI AT: VASHI
For BANK OF BARODA
KAUSHIK
MANAGER (LEGAL)
**BEFORE THE NATIONAL LOK ADALAT
AT
DEBTS RECOVERY TRIBUNAL NO.3 MUMBAI**
Saturday, this the 9<sup>th</sup> December 2023
**T. ORIGINAL APPLICATION NO. 1405 of 20 16.**
Bank of Baroda ... Applicant
And
Ramchandra Shankar Payak ... Defendants
Matter taken up in National Lok Adalat today. The Applicant has filed the Application bearing L.A. No. \_\_\_\_\_ 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 :**
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1. 1. The claim of the Applicant is fully satisfied in the sum of Rs. 2,70,000/- against the claim of Rs. 24,10,668/-.
2. 2. The Defendants paid the agreed amount of Rs. 2,70,000/- (Rupees two Lacs seventy 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 Original Application No. 1405 of 20 16 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
Kaushik DA
KAUSHIK
MANAGER (LEGAL)
APPLICANT
09/12/23
Awarded on this 09<sup>th</sup> day of December 2023.
**PANEL MEMBERS**
Mangesh Tikhe, Member (DGM, IDBI)
Sachin Koli, Member (Advocate)
Arun Kumar Singal (PO, MDRT-3)
PRESIDING JUDGE
NATIONAL LOK ADALAT BENCH
DRT-3, MUMBAI AT: VASHI