Yes Bank v. Rafikul Islam
Case brief
What is this about?
In a Lok Adalat case, a dispute between Yes Bank Ltd. and Rafikul Islam regarding an unspecified claim was settled. The bank's claim of Rs. 27.84 lakhs was amicably settled at Rs. 8.7 lakhs. The award dismissed the original claim with the decree based on the settlement amount and ordered a refund of court fees to the bank.
What did the court decide?
The dispute was settled at Rs. 8,70,000.00/- in lieu of a claim of Rs. 27,84,304.97/-.