Bank of India v. Bashakarla Mahesh
Case brief
What is this about?
The Debts Recovery Tribunal-LokAdalat dismissed an Original Application for recovery upon a habeas coram appeal filed by the debtor. A Memorandum indicated the parties had mutually settled the loan account with full repayment of principal and agreed interest. With no further recovery possible, the application was dismissed as settled. Court fee was to be refunded per Rules. The order was recorded
What did the court decide?
The affair is settled. No further recovery from the defendant is possible. Court fee be refunded as per Rules.