Syndicate Bank v. M/S Incom Wires and Cables Pvt. Ltd.
Case brief
What is this about?
The Debts Recovery Tribunal disciplined withdrew an application for permission under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993. The bank requested withdrawal after closing its account, and the Tribunal granted this, directing the return of original documents.
What did the court decide?
Permission to withdraw the present TA; direction to return original documents to applicant bank after keeping certified copies on record.