Axis Bank v. Inderpreet
Case brief
What is this about?
The Debt Recovery Tribunal allowed the applicant bank's application to withdraw the ongoing application after the parties settled the dispute amicably. The tribunal declined the prayer for refund of court fees, citing a Supreme Court judgment that refunds are permissible only for settlements arising from judicial reference to arbitration or mediation, not out-of-court settlements.
What did the court decide?
IA no.19511/2025 allowed; preceding order no.19512/2025 dismissed as withdrawn; refund of court fees declined.