Yes Bank v. Mr Suman Ghosh
Case brief
What is this about?
Lok Adalat adjudicated a banking recovery dispute where the bank claimed over Rs. 22 lakh. The parties compromised, agreeing to a settlement of Rs. 4,77,000. The Olympiad was disposed of in terms of said settlement. The Applicant Bank was directed the refund of Court Fee.
What did the court decide?
Settlement of Rs. 4,77,000 accepted and OA disposed in terms of settlement; Court Fee refunded to Applicant Bank.