Disposed
Ms Cash Auto Traders and Ors. v. Hdfc Bank
DRATMISC APPEAL/77/2022
Case brief
AI extract
What is this about?
In an appeal arising out of a DRT order, the Debt Recovery Appellate Tribunal allowed a settlement where appellants deposited Rs.12 lakhs immediately, Rs.3 lakhs within three days, and the balance within four months in instalments, granting a stay on possession of property until full payment.
What did the court decide?
Allowed settlement: deposit of Rs.12 lakhs immediately, Rs.3 lakhs within three days, balance within four months in instalments; stay on possession until default.