Authority: Supreme Court Special Lok Adalat
Order Date: 22 August 2026
Case Overview
- Petitioners: Meena Vijay & Anr filed Special Leave to Appeal (C) No.4563/2025 against Canara Bank.
- Respondent: Authorized Officer, Canara Bank.
- Dispute concerned loan recovery; borrowers reached a settlement paying Rs 1,80,00,000 as full and final settlement for all bank claims.
- Settlement presented before the Special Lok Adalat; Ms. Malini, General Manager, Head Office Legal, Canara Bank, appeared in court.
Final Outcome
- The award records the settlement amount as full and final for all claims and demands of the bank.
- Proceedings before the Debt Recovery Tribunal (DRT) are to be closed.
- The attached property is to be digitally signed and released from attachment; the guarantor is discharged.
- The settlement agreement is taken on record and forms part of this award.
- All Special Leave Petitions (SLP(C) No.6692/2025 and SLP(C) No.5896/2025) are disposed.
Topics: Banking Settlement, Court Award