Disposed
New Lines Bussiness Pvt. Ltd. and Ors. v. Indian Overseas Bank
DRATREGULAR APPEAL/51/2018
Case brief
AI extract
What is this about?
On application seeking advancement of hearing due to settlement under OTS, the Tribunal advanced the appeal. Subsequently, permission was granted to withdraw the appeal, which was accordingly dismissed. A separate application for release of funds to a respondent bank, also based on OTS settlement, was allowed.
What did the court decide?
Permission to withdraw appeal; appeal dismissed; IA 391/2022 allowed for release of funds.