Bank of India v. M/S Nihaar Industries
Case brief
What is this about?
The applicant Bank moved to withdraw the OA after the Defendants deposited Rs. 120 Crore towards full settlement of dues. Finding the compromise complete, the Tribunal disposed of the OA as withdrawn and ordered refund of 25% court fees to the applicant.
What did the court decide?
OA disposed of as withdrawn; registry directed to refund 25% of court fees to Applicant Bank.