Authority: Supreme Court (Special Lok Adalat)
Order Date: 22-08-2026
Case Overview
- Petition No.5701/2021 filed by Arun Bakhshi against Industrial Development Bank of India Ltd & others.
- Proceedings held before Special Lok Adalat on 22 Aug 2026, with Chief Justice Justice Joymalya Bagchi and Justice V. Mohana presiding.
- Parties reached amicable settlement; borrower and bank filed application IA No.207472/2026 seeking case withdrawal.
- Counsel for petitioner and bank represented by senior advocates Gopal Singh, Rajiv Shakdher, and others.
Final Outcome
- Court allowed the withdrawal application, dismissed the Special Leave Petition as withdrawn.
- The matter is closed following settlement between IDBI Ltd and the borrower.
Topics: Banking Settlement, Supreme Court Lok Adalat