Recovery Tribunal fixed terms for an amicable settlement between lenders and debtors involving default on Rs. 28 lakh dues, quashing of an FIR, and release of pre-deposit to the bank. Default would trigger physical possession of property.
Release of Rs. 7 lacs pre-deposit to respondent; settlement terms enforced; appeal disposed.
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.
DEBTS RECOVERY APPELLATE TRIBUNAL, DELHI
Misc. Appeal No.309/2022
Arising out of SA No.561/2022 (DRT-I, Delhi)
Sh. Mushir Khan & Anr. Mrs. Ruby Khan
....... Appellants
VERSUS
AU Small Finance Bank Ltd. ....... Respondent
Date : 20.12.2022
CORAM : Hon’ble Mr. Justice Brijesh Sethi, Chairperson Appearance:
Mr. Sanjeev Bhandari along with Mr. Dhananjay Kumar Singh, Ld. Counsels for appellants.
Mr. Satish Kumar along with Mr. Samrendra Kumar, Ld. Counsels for respondent FI.
Order (oral)
This is an appeal against the order dated 13.12.2022 vide which Ld. DRT-I, Delhi without appreciating the merits of the case rejected the interim prayer of the appellants made in S.A. No. 561/2022.
| Sr. **No. ** |
Amount | Payable |
|---|---|---|
| 1. | Rs.7.00 lacs | Deposited with this Tribunal shall be released by the Registrar within 07 days directly to the respondent FI. |
| 2. | Rs.3.00 lacs | On or before 23.12.2022 |
| 3. | Rs.3.00 lacs | On or before 15.01.2023 |
| 4. | Rs.5.00 lacs | On or before 31.01.2023 |
| 5. | Rs.5.00 lacs | On or before 28.02.2023 |
| 6. | Rs.5.00 lacs | On or before 31.03.2023 |
Misc. Appeal 256/2022 – UBI vs. Dheeraj Popli 2 of 3
fixed i.e. 24.02.2023. Let all the parties appear before Hon’ble High on 24.02.2023.
(Justice Brijesh Sethi) CHAIRPERSON
N
Misc. Appeal 256/2022 – UBI vs. Dheeraj Popli 3 of 3
2 issues framed by the court
Whether to allow interim relief restraining coercive action pending mutual settlement
Whether to approve and direct enforcement of mutual settlement terms between parties
Mushir Khan & Anr Mrs. Ruby Khan
AU Small Finance Bank Ltd.
Brijesh Sethi
As recorded by the court registry
4 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
