Icici Bank Limited v. Polu Ram
Case brief
What is this about?
The National Lok Adalat organized by the Debts Recovery Tribunal, Jaipur, passed an award settling dues of Rs. 22,17,984.36 between ICICI Bank Ltd and Polu Ram Jat for Rs. 13,08,000. The matter was disposed of following the voluntary compromise.
What did the court decide?
Borrower agrees to deposit Rs. 13,08,000 as full and final settlement; interim relief vacated; court fees refunded to bank.