Indian Bank v. Krishna Poly Extrusion
Case brief
What is this about?
Parties to a debt recovery matter mutually settled the account, with the defendant depositing Rs. 32,00,000. The Lok Adalat disposed of the original application as withdrawn upon receipt of the settlement.
What did the court decide?
Original application disposed of as withdrawn; compromise amount of Rs. 32 lakhs accepted; court fee refunded.