Debts Recovery Tribunals and Appellate Tribunals
UNION BANK OF INDIA vs M/S SRI SRINIVASA COTTON TRADERS on 12 September 2026
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**BEFORE THE NATIONAL LOK ADALAT BENCH, VISAKHAPATNAM**
(For the Cases pending before DRT, Visakhapatnam)
**MA No. 15/2023 in OA. No. 104/2022**
(In the Hon'ble Court of Debts Recovery Tribunal at Visakhapatnam)
Present: 1. Sri.Krishna Gopal Dwivedi, Presiding Officer DRT, Visakhapatnam – Presiding Officer
2. Sri. A. Srinivas, Advocate - Member
3. Smt. K. Vedavathi, Advocate - Member
Between:
Union Bank of India, ARB, Vijayawada.
... Applicant
And
M/s Sri Srinivasa Cotton Traders & others.
...Defendants
Before LokAdalat held today both parties have agreed to dispose of this case for an amount of **Rs.39,23,716/-** towards full and final settlement of the claim of the applicant bank. Accordingly, they have filed a memo. The defendants have paid the entire due amount of **Rs.39,23,716/-** to the bank. Hence, we accept the memo. This memo will be part of this order.
Award is passed accordingly in terms of memo and this MA is disposed of.
(Given under our hands, and the seal of Lok Adalat on this the 12<sup>th</sup> day of September, 2026 at Debts Recovery Tribunal, Visakhapatnam.)
Smt. K. Vedavathi Advocate
Sri. A. Srinivas Advocate
Sri. Krishna Gopal Dwivedi Presiding Officer