Kotak Mahindra Bank Limited v. Sri Divyagayatri Auto Enterprises
Case brief
What is this about?
Lok Adalat disposed of an original application filed by Kotak Mahindra Bank Ltd. for debt recovery. The case was withdrawn as the defendants settled the account of Rs. 80,00,000/- during the pendency of the proceedings.
What did the court decide?
The case was disposed of as withdrawn upon settlement of the loan account.