Icici Bank Limited v. Avik Bhattacharya
Case brief
What is this about?
The National Lok Adalat disposed of the recovery claim filed by ICICI Bank against Avik Bhattacharya following a compromise agreement where the defendant agreed to pay Rs. 19,81,000/- against the claim of Rs. 46,38,353/-, leading to the abandonment of the remaining balance.
What did the court decide?
The Original Application is disposed of in terms of the settlement agreement wherein the defendant agreed to pay Rs. 19,81,000/- against the claim of Rs. 46,38,353/-.