Tdi Infrastructure Ltd. v. Asset Care and Reconstruction Enterprise
Case brief
What is this about?
The debt recovery tribunal allowed an application filed by the applicant against the respondent under S. 42, noting that the matter had been amicably settled and the full settlement amount was paid. The application was dismissed as withdrawn by the applicant.
What did the court decide?
Application dismissed as withdrawn. S. 42 proceedings suspended/applicability ended based on settlement.