National Lok Adalat settled an execution application where the judgment debtor agreed to pay the dues via installments in full and final settlement, with default clauses.
Consent terms recorded agreeing to installment payment plan of Rs.1,50,000/- in full and final settlement.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
5exa-1848-2016
vai
BEFORE THE NATIONAL LOK ADALAT
EXECUTION APPLICATION NO.1848 OF 2016 IN ARBITRATION CAE NO.PA/ARB/LOT-4/15593
WITH NOTICE NO.2061 OF 2016 IN
EXECUTION APPLICATION NO.1848 OF 2016
SBI Cards & Payment Services Pvt. Ltd. ...Claimant .V/s. Shah Jayendra M. ...Respondent
Ms. Sonali Namsale i/b O.M. Gujar Law Chambers for the Claimants. Mr. Allwyn Patekar – Manager S.B.I. Cards present. Mr. Jayendra Shah – Respondent present in person. Mr.S.S. Waghmare , advocate for the Respondent.
DATE : 8TH APRIL, 2017.
CONSENT TERMS. :
a). Five installments of Rs.22,000/- each to be paid on or
1/2
5exa-1848-2016
before 25th of each month, the first installment thereof would commence from 25th of this month.
b). The last two installments shall be paid in the sum of Rs.20,000/- each to be paid on 25th of those two months.
c). The judgment debtor undertakes to pay the aforesaid amounts in installments within the time prescribed.
(Judgment Debtor)
(Judgment Creditor)
(Advocate for the Judgment (Advocate for the Judgment Debtor.) (Creditor)
2/2
SBI Cards & Payment Services Pvt. Ltd.
Shah Jayendra M.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
