Union Bank of India v. Sh Ravi Shankar Dwivedi
Case brief
What is this about?
The Debt Recovery Tribunal-II, Delhi, allowed the withdrawal of the original transfer application filed by Union Bank of India as the matter was settled out of court. However, the prayer for refund of court fees was declined because the settlement was not referred to a conciliation or mediation panel as required by Supreme Court precedent.
What did the court decide?
Withdrawal of the original transfer application allowed; prayer for refund of court fees declined.