Allowed
Ms Ali Box Leather v. State Bank of India
DRTSA/572/2022
Case brief
AI extract
What is this about?
The Debts Recovery Tribunal dismissed an appeal by M/s. Ali Box Leather against an order granting a bank applicant relief to close a loan account by depositing settled dues, deeming the account closed and disposing of the pending appeal.
What did the court decide?
The application supported in affidavit is allowed, the loan account is to be treated as closed, and the pending appeal is dismissed.