Authority: Supreme Court Special Lok Adalat
Order Date: 23-08-2026
Case Overview
- Parties: Appellant – Asif Khader; Respondent – Bank of India.
- Related filings: Criminal Appeal No. 423/2025 and Crl.A. No. 424/2025 (II‑E).
- Counsel for appellant: Mr. Chitranshul A. Sinha (AOR) and Mr. Aditya Ranjan (AOR).
- Counsel for respondent: Mr. Pranab Kumar Mullick (AOR), Mrs. Soma Mullick (Adv.), and Mr. Lakshay Suri (Adv.).
- The borrower company (unnamed) expressed willingness to pay a total sum of Rs 41 crore to the Bank of India, without any right to recompense for the bank.
- The Bank of India indicated that once its Board approves this offer, settlement proceedings may be initiated.
- The matter was digitally signed by Neetu Sachdeva on 01‑09‑2026 (signature not verified).
Final Outcome
- The Special Lok Adalat referred the matter back to the Court for recording the final settlement.
- Upon Board approval, the agreed payment of Rs 41 crore must be made within three months from the date of approval.
Topics: Settlement, Banking, Supreme Court Lok Adalat