M/s. Manohar Automobils & Ors. v. Idbi Bank Ltd.
Case brief
What is this about?
On settlement of debt, the Tribunal satisfied the decree, closed recovery proceedings, ordered return of title deeds and possession of secured assets to the appellant, and allowed the auction purchaser to seek a refund.
What did the court decide?
Settlement accepted; decree satisfied; recovery proceedings closed; title deeds returned to appellant; possession of secured assets handed over; auction purchaser allowed to claim refund.