Bank of India v. M/S. Nikit Textile
Case brief
What is this about?
The Banking Tribunal disposed of Takeovers Application No. 217 of 2023 as withdrawn pursuant to a settlement arrived at between the parties, where the applicant bank received full and final settlement of the claim amounting to Rs. 42,77,741/- from the defendants.
What did the court decide?
T.A. No. 217 of 2023 disposed of as withdrawn; court fee refund ordered.
What the court decided
A compact analysis
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
| 26.09.2023 | Roznama-MDRT-II T.A. No. 217 of 2023 |
Next date |
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| Advocate Ms. Mamta Verma proxy counsel for Advocate Mr. Sachin Koli for the Applicant Bank. Defendants absent. Applicant Bank has filed Withdrawal Application (I.A. No.2055 of 2023) for withdrawal of the T.A. No.217 of 2023. Pursuant to settlement arrived at with Defendants and having received Rs.42,77,741/- towards full and final settlement of the Claim under T.A., Applicant Bank moved an Interlocutory Application (I.A.) No.2055 of 2023 seeking withdrawal of the T.A. which is allowed and T.A. No.217 of 2023 stands disposed of as withdrawn. This Tribunal orders refund of court fee as per the Rules. File be consigned to the Record Room. |
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| Sd/- I/c P.O. DRT-II |
Closed |
Parties & counsel
- applicant
Bank
- respondent
Defendants
Case details
As recorded by the court registry
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