the parties and the appeal may be allowed. It is submitted that the parties, authorized officer of the bank along with the Respondents arepresent in person. Let the compromise petition be verified by the Registrar,…

IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA (CAMP-HYDERABAD) 
(Regular Appeal No.14 of 2024) 
(Arising out of SA.No.273/2018 in DRT-II, Hyderabad) 
 
THE HON’BLE MR. JUSTICE ANIL KUMAR SRIVASTAVA 
CHAIRPERSON 
 
Order No. 16 
30.01.2025 
 
Union Bank of India            … Appellant 
           -Vs- 
Mounika Chemicals and others    
….Respondents 
 
Sri A.V.S.S. Prasad 
Learned Counsel for Appellant 
 
Sri P.Nanda Kishore 
Learned Counsel for Respondents No.1 to 3 
Sri B.A. Prakash Reddy 
Learned Counsel for Respondent No.4 
 
 
 
THE APPELLATE TRIBUNAL: 
 
A Joint Memo of Compromise is filed by the parties along with application 
by the Bank to an effect that the matter has been settled between  the parties 
and the appeal may be allowed.  It is submitted that the parties, authorized 
officer of the bank along with the Respondents  arepresent in person.  Let the 
compromise petition be verified by the Registrar, DRT-I, Hyderabad  in his 
chambers today and submit his report of verification today.  Thereafter,  the 
matter shall be placed again today for passing appropriate orders.   
 
(Anil Kumar Srivastava, J) 
Chairperson 
 
2. 
Compromise petition has been verified by the Registrar, DRT-I, Hyderabad 
and the same is  placed before  the Bench. 
3. 
The Joint Memo of Settlement is filed by the parties along with an 
application by the Appellant  Bank  as well as the auction purchasers in both the 
appeals No.14/2024 & 78/2023.  The compromise memo is filed by the 
Authorized officer namely Sri CRV Krishna Kishore  who is duly identified by Sri 

A.V.S.S Prasad, Advocate.  The Respondent No.1represented  through  its 
Proprietor Sri V.S.S. Srinivas is duly identified by Sri P. Nanda Kishore,Advocate.  
Respondent No.2, Sri V.S.S. Srinivas and Respondent No.3 Smt V. Sridevi  are duly 
identified by Sri P. Nanda Kishore, Advocate.  Respondent No.4 Sri M. Malla Reddy 
is duly identified by Sri B.A. Prakash Reddy, Advocate.   The compromise petition  
has been verified by the  Registrar, DRT-I, Hyderabad.  Accordingly both appeals 
No.14/2024 and 78/2023 are disposed off in terms of compromise filed by the 
parties today which shall be made  part of this judgement. All the  consequential 
reliefs would follow.  
No Order as to costs. 
 
File be consigned to Record Room. 
Copy of the order be supplied to Appellant and the Respondents and a copy 
be also forwarded to the concerned DRT. 
Copy of the Judgment/ Final Order be uploaded in the Tribunal’s Website. 
Order signed and pronounced by me in the open Court on this the 30th day of 
January,  2025. 
 
 
 
(Anil Kumar Srivastava, J) 
Chairperson 
 Dated 30th January, 2025