The Debt Recovery Tribunal disposed of the appeal where the appellant undertook to deposit Rs.30 Lacs within the stipulated time and surrender possession in case of default, admitting the dues.
The SA was disposed of on the undertaking to deposit Rs.30 Lacs by 26.06.2023 and the remaining balance by 10.07.2023.
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DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
SA/150/2022 PARSHANT GUPTA Vs STATE BANK OF INDIA
14.06.2023 Item No.18
Present:
Ms. Nivedita Sharma, Counsel for the Applicant along with Sh. Parshant Gupta applicant in person.
Sh. Vivek Verma, Counsel for the respondent bank.
Applicant is present in court. He states that he will deposit Rs.30 Lacs on or before 26.06.2023 and the remaining sum on or before 10.07.2023. it is admitted that a sum of Rs.74 Lacs approximately is due as on today. In case applicant commits any default in making the payment of Rs.30 Lacs or the remaining sum, he will surrender the possession to the bank soon thereafter. The SA stands disposed of.
File be consigned to record room.
(A S Narang) Presiding Officer DRT-I, Chandigarh
MANOJ
PARSHANT GUPTA
STATE BANK OF INDIA
(A S Narang)
As recorded by the court registry
2 orders share this CNR
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