Partly allowed
Kishor Jaiswal v. I I F L Home Finance Limited and Ors.
Case brief
AI extract
What is this about?
Reconsidering an order to deposit Rs. 40 lacs, the court granted six weeks to deposit the remaining Rs. 30 lacs in installments. Upon compliance of the first Rs. 10 lacs today, status quo regarding the respondent bank's property possession is maintained. Failure to comply allows the bank to proceed with the matter.
What did the court decide?
Appellant directed to deposit Rs. 10 lacs today, Rs. 5 lacs by 13.01.2023, and Rs. 15 lacs by 28.02.2023. Status quo regarding property possession maintained if first installment deposited.