The sa suffered due to an undertaking by the applicant to deposit Rs.30 Lacs by June 26, 2023, with remaining dues by July 10, 2023. Conditional surrender of possession was promised upon default.
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DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
SA/152/2022 M/S PAPPU PRODUCTS Vs STATE BANK OF INDIA
14.06.2023 Item No.19
Present:
Ms. Nivedita Sharma, Counsel for the Applicant along with Sh. Parshant Gupta Son of applicant.
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
M/s Pappu Products
State Bank of India
A S Narang
As recorded by the court registry
2 orders share this CNR
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