Allowed
Icici Bank Limited v. K P K Enterprises
DRTOA/1160/2024
Case brief
AI extract
What is this about?
The National Lok Adalat recorded a settlement between Bank of Baroda and the borrower for Rs. 11 lakhs against outstanding dues of Rs. 46 lakhs. The court approved the compromise, directed release of title deeds upon full payment, and reserved rights for further recovery in case of default.
What did the court decide?
Settlement approved; bank directed to release title deeds upon full payment; liberty to proceed further for recovery in case of default reserved.