Authority: Supreme Court Special Lok Adalat, Agra
Order Date: 22-08-2026
Case Overview
- Parties: M/s Benara Autos Pvt. Ltd. & Anr. (Petitioner) vs. The State of U.P. & Ors. (Respondent); Axis Bank involved as respondent bank.
- Petition: Special Leave Petition (C) No(s). 25885/2024 filed before the Supreme Court Special Lok Adalat.
- Background: The Court interacted with the Secretary, District Legal Services Authority, Agra, and learned counsel for Axis Bank, Mr. Mayank Upadhyay, along with authorized officer Mr. Abhishek Sharma of Axis Bank, and also with the son of Ajay Kumar Jain.
- Key Findings: Axis Bank reported receipt of the full amount owed by the petitioner. A settlement dated 03.07.2026 was placed on record.
- Settlement Terms: "The account stands settled with zero outstanding dues to the respondent Bank (Axis Bank). NOC will be received by Bank upon receipt of the formal revocation/lifting of the freeze mark letter from the ESIC."
- Directions: The settlement, duly signed by the parties, is taken on record. Both parties are directed to act in accordance with the settlement terms.
Final Outcome
- The petition is disposed of as settled; no further proceedings survive. The matter is closed following the recorded settlement.
Topics: Legal Settlement, Banking, ESIC Freeze