Disposed
V P Enterprises v. Punjab National Bank
DRTSA/184/2023
Case brief
AI extract
What is this about?
In a bank recovery proceedings, the applicant deposited dues and sought to defer possession. The single judge disposed the special application upon the undertaking of deposit.
What did the court decide?
Deferred possession proceedings pending deposit of dues as directed.
What the court decided
AI extract
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| 26/10/2023 | Ex. No. |
Before Presiding Officer Dr. Rekha G. Dhakar, DRT-1, Mumbai. Roznama in SA 184 of 2023 V P Enterprises Vs Punjab National Bank |
Next date |
|---|---|---|---|
| Advocate Harshad Sathe and Advocate Shubham G. appeared for the Applicant. Advocate Vibin Nair i/b M/s. Orizon Legal appeared for the Respondent. Ld. Counsel for the Applicant submits that Applicant is going to deposit Rs. 2.5 Lakhs today and also Applicant to deposit Rs. 2 Lakhs every month thereafter. In case Applicant deposited the amount as |
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| stated the Respondent may defer the possession proceeding. It is important to note here that total dues in the present matter is around Rs. 8.5 Lakhs. Needless to say, that in case Applicant did not deposit the amount as directed hereinabove the Respondent is free to take possession of the property in question. Since the Applicant is ready to deposit entire dues amount therefore, the present SA is hereby disposed off alongwith pending IA. |
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File be closed and consigned to record room. P.O. DRT-I
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Sgj/-2
Parties & counsel
AI extract
- applicant
Roznama in SA 184 of 2023
- respondent
Punjab National Bank
Coram
AI extract
Dr. Rekha G. Dhakar
Case details
As recorded by the court registry
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