Mrs Dulsierani Lionel v. Smfg India Credit Co. Ltd.
Case brief
What is this about?
Appeal filed by a debtor settled the loan account with the financial institution, which issued a No Due Certificate. In the absence of the appellant and based on the respondent's memo confirming settlement, the tribunal dismissed the appeal as settled out of court.
What did the court decide?
The appeal is dismissed as settled out of court based on a No Due Certificate issued by the respondent.