Authority: Supreme Court (Special Lok Adalat)
Order Date: 22-08-2026
Case Overview
- Parties: Universal Sompo General Insurance Company Ltd. (appellant) and Allahabad Bank & Ors. (respondents).
- Civil Appeal No.624/2016 filed before the Special Lok Adalat of the Supreme Court.
- The dispute concerned a due amount owed by the appellant to respondents No.2 and No.3.
Proceedings
- Counsel for the appellant, including Senior Advocate Gopal Singh and Advocate Rajiv Shakdher, informed the Court that the due amount had been fully paid to respondents No.2 and No.3.
- The appellant’s counsel requested permission to withdraw the appeal in light of the settlement.
Final Outcome
- The Court granted permission to withdraw the appeal, thereby terminating the proceedings and closing the matter.
Topics: Legal Withdrawal, Insurance-Bank Settlement