Mr.Kannan Ranganathan v. Bank International Indon- Esia and Anr.
Case brief
What is this about?
The High Court of Bombay at Ordinary Original Civil Jurisdiction allowed the Plaintiff's application to withdraw Suit No. 1310 of 2000. The suit was dismissed as withdrawn with a direction for the withdrawal of funds deposited with the Debt Recovery Tribunal under consent terms subject to the suit.
What did the court decide?
The suit was dismissed as withdrawn. Defendant No. 1 was entitled to withdraw the deposited amount along with accrued interest.