Canara Bank v. Ms Switch India Corporation
Case brief
What is this about?
The Debts Recovery Tribunal-Il, Delhi allowed an application for withdrawal of an Originating Application (OA). The court observed that the matter was amicably settled under the_OT Settlement Scheme (OTS) and the OTS amount was paid by the respondents.
What did the court decide?
Application for withdrawal allowed; Originating Application dismissed as withdrawn; direction to refund court fee.