Advocate Manju Lahithan learned counsel for the applicant bank is present. A joint application signed by both parties registered as IA.No.969/2022 along with memo is put up for consideration. It is contended that the claim raised by the applicant bank is settled with the defendants. Accordingly, defendants have already deposited a sum of Rs.80,00,000/- towards full and final claim made in the Original Application. Nothing remains to be recovered by the applicant bank from the defendants. Hence the case may be disposed in view of such settlement and eligible court fee may be returned. As the claim is settled between the parties on full and final satisfaction, the IA.No.969/2022 is allowed. The OA is disposed finally on settlement by recording full and final satisfaction of claim advanced by the applicant bank. As original application is disposed in term of compromise, as per the provision of Debts Recovery Tribunal (Refund of Court Fee) Rules 2013, the learned Registrar has given endorsement that the applicant bank is entitled for refund of 50% of the court fee. Since the OA is disposed in terms of compromise, the Registry is hereby directed to refund legally eligible amount of court fee to the applicant bank i.e,50% of the total amount of Rs.1,45,000/-amounting to Rs.72,500/- to the applicant bank as per the above Rules.
