Disposed
Bhanji Bhoiraj Nisar v. Indian Bank
DRATREGULAR APPEAL/14/2019
Case brief
AI extract
What is this about?
The Debt Recovery Appellate Tribunal rejected the elaborate facts of a settlement reached between the appellant and respondent bank. The appellant agreed to pay 1.27 crores and release pre-deposit under Section 18(1) of the SARFAESI Act. The appeal was disposed of recording the settlement.
What did the court decide?
The appeal was disposed of in view of the settlement reached between the parties, including the agreement to pay the debt and release pre-deposit funds.