South Indian Bank v. Thavaselvi Ashokan
Case brief
What is this about?
The tribunal disposed of an original application filed by a bank for recovery. The defendants settled the claim via an Outsourcing of Tribunal Services (OTS) scheme during pendency and remited the amount. The tribunal allowed the settlement without costs.
What did the court decide?
The OA is disposed of as settled out of Court, without costs. All other interlocutory applications are closed.