Partly allowed
Sandip Narendrakumar Patel v. Axis Bank
DRATIA/29/2024
Case brief
AI extract
What is this about?
The Debt Recovery Appellate Tribunal extended time for the appellants to pay ₹60 lakhs balance of the first instalment, directing payment together with the second instalment of ₹1 crore due on 12.01.2024, and further extended payment of ₹1 crore due on 02.02.2024.
What did the court decide?
Time extended for payment of ₹60 lakhs balance to be combined with the second and third instalments; accounts reduced to ₹3 crores.