Disposed
City Union Bank Limited v. Ganesh Steel Traders
DRTOA/6/2023
Case brief
AI extract
What is this about?
In an application for recovery filed by City Union Bank, the Lok Adalat Bench noted that the parties mutually settled the loan account during pendency. Upon deposit of the full compromise amount by the defendants, the original application was disposed of as withdrawn.
What did the court decide?
The application was disposed of as withdrawn after the deposit of the compromise amount of Rs. 1,10,00,000/-. Court fees were ordered to be refunded.