Disposed
Union Bank of India (Andhra Bank) v. M/S Venus Toys Pvt. Ltd. and Ors.
DRTOA/146/2022
Case brief
AI extract
What is this about?
The National Lok Adalat determined a dispute between Union Bank of India and Venus Toys Pvt. Ltd. arising from a bank recovery claim. Upon the parties' consent and settlement of the suit amount, the Arbitration Order (OA) was disposed of amicably.
What did the court decide?
The OA was disposed of upon the parties amicably settling the dispute at Rs. 1,05,00,000/-.