Authority: Supreme Court (Special Lok Adalat)
Order Date: 22-08-2026
Case Overview
- Parties: State Bank of India (appellant) and Suresh Kumar (respondent) in Civil Appeal No(s). 9041/2013.
- Original Settlement Agreement dated 30 July 2026 at District Legal Services Authority, Mandi, Himachal Pradesh stipulated a one‑time ex‑gratia payment of Rs 6,00,000 at simple interest 8% per annum from March 2012.
- On the day of hearing, the respondent prayed for an increased amount. The bank, after instructions from its officer, agreed to raise the settlement to Rs 15,00,000.
- The respondent expressed full satisfaction with the increased amount, which was declared to be a full and final settlement.
Final Outcome
- The Supreme Court Special Lok Adalat disposed the appeal, confirming the Rs 15,00,000 settlement as final and binding on the parties.
Topics: Legal Settlement, Banking