Allowed
Icici Bank Limited v. M/s Saxena Marine Tech Pvt. Ltd.
DRTOA/517/2024
Case brief
AI extract
What is this about?
This special Lok Adalat order allowed the withdrawal of an application filed by ICICI Bank Limited against its respondent. The court noted that the matter was settled amicably via an Out-of-Court Settlement (OTS) where the amount was credited, leading to the closure of the loan account. The record is then consigned.
What did the court decide?
Withdrawal of the original application is allowed.