Bank of India v. M/S Eco Greem Bricks
Case brief
What is this about?
In a Lok Adalat matter before the Debt Recovery Tribunal, Kolkata, the Bank of India and M/S. Eco Green Bricks reached an out-of-court settlement regarding a recoverable claim of Rs. 45,61,000, agreeing to a lump sum of Rs. 46,90,000. The original order was disposed of based on this compromise.
What did the court decide?
The original order was disposed of in terms of the settlement reached at Rs. 46,90,000.