Filing a case in 2nd national lok adalat, cuttack
Manju Agrawal
(Querist) 06 March 2014
This query is : Resolved
We have a manufacturing (Poha/Chuda) unit which setup at Berhampur, Odisha in the year 1994. We took a loan (TL & CC) from SBI for an amount of 2.5 lacs against the property documents. All was going good, but due to the super cyclone that hit Orissa coast in the year 1999, we had to bear heavy loss & from then the unit slowly progressed towards closure. In the year 2003, the bank filed a civil suit against us to recover an amount of 3.35 lacs (including interest). Due to a very bad phase of our life, we couldn't attend the hearings or, pay any amount & finally the court had given a decision against us, providing Exparte Order in the favor of the bank.
But, now somehow we came to know about the Lok Adalat which considers such type of cases. Since, the decision is already in favor of the bank, can we approach Lok Adalat with our case for settlement of the dues for a minimal amount...??
Devajyoti Barman
(Expert) 06 March 2014
Now Lok Adalat s of no help.
Immediately prefer an appeal against such judgement or application u/o 9 r 13 of cpc.
Meet an advocate.
Manju Agrawal
(Querist) 06 March 2014
Is there any alternative other than filing an appeal in this case??
Rajendra K Goyal
(Expert) 07 March 2014
Either appeal or amicable settlement.Give definite proposal to Bank for repayment, If within norms bank may agree.
T. Kalaiselvan, Advocate
(Expert) 08 March 2014
