Debts Recovery Tribunals and Appellate Tribunals
BANK OF BARODA vs HIRE PRAKASH RAMKRISHNA 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
TOA
T. ORIGINAL APPLICATION NO. 1675 of 20 16.
BANK OF BARODA ... Applicant
And
PRAKASH HIRE ... Defendants
The above matter is pending before the Tribunal for adjudication. The matter is settled between the parties for Rs. 2,91,000/- against the claim of Applicant for Rs. ~~15,00,000/-~~. The settled amount has been received by the Applicant. 15.04.7357-2
For BANK OF BARODA
Kaushik Dhawan
KAUSHIK
MANAGER (LEGAL)
09/12/2023
(Signature of the Applicant)
3. Mangesh Tikhe, Member (DGM, IDBI)
4. Sachin Koli, Member (Advocate)
PANEL MEMBERS
Arun Kumar Singal
Arun Kumar Singal (PO, MDRT-3)
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 9<sup>th</sup> December 2023
T. ORIGINAL APPLICATION NO. 1675 of 20 16.
BANK OF BARODA ... Applicant
And
PRAKASH RAMKRISHNA HIKE Defendants
Matter taken up in National Lok Adalat today. The Applicant has filed the Application bearing I.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. 2,91,000 /- against the claim of Rs. 15,09,000 /-.
2. 2. The Defendants paid the agreed amount of Rs. 2,91,000 /- (Rupees Two Lakh Ninety One Thousand only 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. 1675 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 & AG For BANK OF BARODA Kaushik Dharm 09/12/23 KAUSHIK MANAGER (LEGAL)
APPLICANT
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