Bank of Baroda v. Share Microfin Limited
Case brief
What is this about?
The Debts Recovery Tribunal disposed of an Original Application filed by Bank of Baroda for recovery as withdrawn. The parties mutually settled the loan account before the Lok Adalat, and the defendants deposited the full compromise amount, resulting in the withdrawal of the recovery proceedings.
What did the court decide?
Withdrawal of the Original Application allowed; court fee to be refunded as per rules.