M/s. Grand White Palace LLP v. State Bank of India
Case brief
What is this about?
The Debt Recovery Appellate Tribunal at Chennai disposed of an application for waiver filed in an appeal. The appellants filed a memo stating they had cleared the outstanding dues with the respondent bank. Counsel for both sides agreed to the settlement, and the application was dismissed as infructuous, resulting in the rejection of the appeal.
What did the court decide?
Application IA 265/2023 dismissed as infructuous; Appeal AIR (SA) 400/2023 rejected.