Union Bank of India v. M S Sai Baba Transport Agency
Case brief
What is this about?
National Lok Adalat dismissed Origin Application No. 2/2023 filed by Union Bank of India against M/s. Sai Baba Transport Agency. The parties mutually settled the loan account for Rs. 20.00 lakhs under One Time Settlement (OTS). The application was dismissed as settled with Court fee refunded.
What did the court decide?
The matter was settled for Rs. 20.00 lakhs; application dismissed.