Disposed
Naseem Ahmad and Ors. v. Au Small Finance Bank Limited and Ors.
DRATREGULAR APPEAL/84/2022
Case brief
AI extract
What is this about?
The Delhi Debt Recovery Appellate Tribunal allowed the appellant to deposit Rs. 20 lacs as bona fide redemption of the auctioned property, directed the Registry to place the amount in a fixed deposit, and ordered notice to the auction purchaser while depositing the remaining balance.
What did the court decide?
Order: Registry to keep deposited Rs. 20 lacs in fixed deposit; notice issued to auction purchaser for 05.08.2022; appellant to deposit remaining amount.