Indian Overseas Bank v. Janaki
Case brief
What is this about?
The Debts Recovery Tribunal, operating as a Lok Adalat, disposed of an original application filed by the Indian Overseas Bank for debt recovery. The bank withdrew the application as the defendants had settled the loan account during the pendency of the case.
What did the court decide?
Withdrawal of Original Application No. 943/2023 and refund of court fee.