Dismissed
Union Bank of India v. Soundarapandiyan
DRTOA/327/2022
Case brief
AI extract
What is this about?
The Debts Recovery Tribunal disposed of Original Application No. 327 of 2022 filed by Union Bank of India. The defendants accepted the One Time Settlement proposal and paid Rs. 11,05,000, resulting in closure of the loan account. The application was settled outside the Tribunal.
What did the court decide?
The original application is disposed as settled outside the Tribunal; original documents be returned as per Form 11; refund of court fee allowed.