Mamta Singh and 2 Others v. Debt Recovery Tribunal Thru. Presiding Officer Lko. and 3 Others
Case brief
What is this about?
Article 227 petition; e-auction dated 04.11.2025; recovery proceedings; Securitization Application No.1050 of 2025; Debts Recovery Tribunal Lucknow; Debt Recovery Tribunal through Presiding Officer; Mamta Singh v. Debt Recovery Tribunal; Union Bank of India; one-time settlement declined; conditional stay of recovery; installments Rs.3 lakh and Rs.2 lakh; balance within six months; no further interest on deposited sums; recovery kept in abeyance; disposed on December 9, 2025 by Subhash Vidyarthi, J.; Allahabad High Court Lucknow Bench.
What did the court decide?
Writ petition disposed of on consent terms: conditional restraint on recovery proceedings upon payment of Rs.3,00,000 within two weeks and Rs.2,00,000 within one month, issuance of a revised account statement by the bank, deposit of the entire balance within six months, no further interest on sums already deposited, recovery proceedings kept in abeyance subject to compliance, and loss of benefit of the order upon default.