Allowed
Indian Overseas Bank v. M/S Siddhi Vinayak Minerals and Lubricants
DRTMA/96/2026
Case brief
AI extract
What is this about?
Recognizing an appeal modifying a prior order directing the Recovery Officer to close recovery proceedings in RC/431/2021 in satisfaction of dues of the bank by Indian Overseas Bank against M/s Siddhi Vinayak Minerals and Lubricants.
What did the court decide?
Prayer stands allowed. Recovery Officer is directed to close the recovery proceedings in RC/431/2021 and consign the file to record room.