Parveen Bajaj v. Standard Chartered Bank
Case brief
What is this about?
The Debt Recovery Appellate Tribunal (Delhi) directed the applicant to deposit Rs.10.00 lacs within three days and the remaining Rs.30.00 lacs within four weeks. Upon payment of the initial amount, the respondent bank was ordered not to take physical possession of the property.
What did the court decide?
Directed applicant to deposit Rs.10.00 lacs within three days and Rs.30.00 lacs within four weeks; respondent bank restrained from taking physical possession upon initial deposit.