Disposed
Idbi Bank v. Jugal Kishore Sharma and Anr.
DRTOA/547/2022
Case brief
AI extract
What is this about?
This Lok Adalat award settled a dispute between IDBI Bank Ltd. and Jugal Kishore Sharma regarding a recovery claim of ₹68,71,819.80 plus interest. The parties amicably agreed to settle the matter at ₹47,35,500.00, and the application was disposed of in terms of the settlement. The court directed a refund of court fees to the bank.
What did the court decide?
The claim was settled at Rs. 47,35,500.00. The OA is disposed of in terms of the settlement, and the applicant bank is directed to be refunded the court fee.