BEFORE THE LOK ADALAT ORGANIZED BY THE KERALA HIGH COURT LEGAL SERVICES COMMITTEE AT ERNAKULAM PRESENT: THE HONOURABLE MR. JUSTICE K.NARAYANA KURUP (RETD.JUDGE, HIGH COURT OF KERALA) & SRI.K.N.SATHEESAN(RETD. DISTRICT JUDGE) TUESDAY, THE 7TH APRIL 2009 / 17TH CHAITHRA 1931 AS.No. 638 of 1994() -------------------- ( O.S.135/91 SUB COURT, KASARAGOD) .................. APPELLANT/PLAINTIFF: ------------------------- SYNDICATE BANK, MANJESHWAR BRANCH, REP.BY ITS MANAGER. BY MR.M.P.ASHOK KUMAR,ADVOCATE, MR.P.A.BHASKARAN,ADVOCATE RESPONDENTS/DEFENDANTS: --------------------------------- 1. M.ANANTHESHWARA KAMATH, S/o. B.M.PANDURANGA KAMATH, PROPRIETOR, ANANTHESWARA BUS TRANSPORT, RESIDING AT MANJESHWAR, HOSBETTEE VILLAGE, KASARGOD TALUK. 2. KEERTHAN A. KAMATH, W/o.ANANTHESWARA KAMATH RESIDING AT MANJESHWAR, HOSBETTE VILLAGE, KASARGOD TALUK. BY MR.KODOTH SREEDHARAN,ADVOCATE MR. MANIKANDAN, ADVOCATE THIS APPEAL SUITS HAVING COME UP FOR DETERMINATION AT THE LOK ADALAT ON 07/04/2009, AND THE PARTIES HAVING SETTLED THE MATTER, THE FOLLOWING AWARD IS PASSED IN TERMS OF SETTLEMENT: JUSTICE K.NARAYANA KURUP (RETD. JUDGE, HIGH COURT OF KERALA) & SRI.K.N.SATHEESAN (RETD. DISTRICT JUDGE) ================================ A.S.No.638 of 1994 ================================ Dated this the 7th day of April, 2009 AWARD Suit for money which was decreed in part. The plaintiff- bank has come up disputing the rate of interest awarded by the court. When we heard the matter in the Adalat, it is submitted that the defendant/borrower has already remitted the principal amount of Rs.2,00,000/-(Rupees two lakh only) to the bank. This is admitted by the plaintiff-bank. All that remains is the quantum of interest. When we put a suggestion to the bank to settle the matter reducing/waiving the interest, it has been fairly stated that they will be satisfied with a sum of Rs.10,000/-(Rupees ten thousand only) as interest in full and final settlement of transaction. This submission is recorded. Parties agreed for the above settlement and an Award in terms of the settlement will be passed. However, we make it clear that the respondent will pay an amount of Rs.10,000/- within six weeks from today. A.S.638/1994 2 Post after six weeks for reporting compliance. Court fee paid by the appellant shall be refunded as per rules. K.NARAYANA KURUP (RETD. JUDGE, HIGH COURT OF KERALA) K.N.SATHEESAN (RETD. DISTRICT JUDGE) dvs