Union Bank of India v. M/S Globe Transport and Co. and Ors.
Case brief
What is this about?
National Lok Adalat at DRT-3, Kolkata passed an award settling a dispute between Union Bank of India and M/s Globe Transport regarding a claim of approximately Rs. 1 crore and 51,981.59. The parties amicably settled the matter for Rs. 1 million, disposing of the original application.
What did the court decide?
The original appeal application was disposed of based on the parties' uncompromised settlement of Rs. 1,00,00,000/-.