Idbi Bank v. Satyawan
Case brief
What is this about?
This court disposed of an application (OA) seeking recovery of debts against defendants. The applicant bank submitted an affidavit stating the matter was settled and the defendants deposited Rs. 33 Lakhs as full settlement amount. Consequently, the court allowed the withdrawal of the application.
What did the court decide?
Withdrawal of the present OA, disposed of as withdrawn, given that the defendant deposited Rs. 33 Lakhs as settlement amount.