Disposed

shridant joshi v. fullertorn india credit

DRT17 May 2023SA/434/2023

Case brief

AI extract

What is this about?

The court disposed of the contiguous stay application (CSA) as withdrawn. As per mutual agreement between the parties, the Respondent F.I. was directed to immediately restore physical possession of the property to the Applicants. The Applicants agreed to maintain financial discipline as assured.

What did the court decide?

Directs Respondent F.I. to restore physical possession of the property to the Applicants immediately; Applicants to maintain financial discipline.

DATE	DESCRIPTIONOFTHE ORDER	REMARK
sA434123 r7t05123	ShriRajesh Mandiretta,Adv^{rvithShritJclit} Mandiretta andShrilJ.P. Singh,Adv^fbrthe Applicants ShriVivekShukla,Advfor^{theIl.espondcnt} 1.MatteristakerrLrplbrhearittg^otl relief asprayedthrougliSA^as application Ior condonation of^delay. irttet'irn wellas 2.OnmatterbeingtakenApplicant^Coutlscl submitsthatthisSAmaybe^clisposedof finallysinoetheApplicants^havealready deposited overdueamountand^{by' depositing} furtheranrounthaleregLrlarizccl^dr,rc installmentandthcResponclent^l'.1^has promisednottoexecutetheordet'^dated 14109122passedby theAI)MIndore^{sub.lect to} conditionthattheApplicantsshllll^pa) regularly dueinstallntcntontinlc^itrlirtut'c. HoweverI{espondentF.lhasappriscd^the Applicantsthatiftheyremain^{def-aultedtwo} consecutive installmentsthcnthc^orderdatcd 1409122shallbccrccutecl. 3.ApplicantCounselfurther^{submits thatthe} Applicantsareagreeontheterms^and conditionsimposedb1'the^{Respondcntoralll'} to maintainllnancialdisciplinc.
	4.ApplicantCounsellurther^praysa directiontorestorc the^{ph1,'sicalposscssiono[-} thc propertl,inIavourol' the^{Applicatltssitlcc} orderdatcdl1l0L)122has alrcadl^bcclt executed.

DATE

DESCRIPTIONOFTHE ORDER

REMARK

sA434123
r7t05123

ShriRajesh Mandiretta,Adv^{rvithShritJclit}
Mandiretta andShrilJ.P. Singh,Adv^fbrthe
Applicants
ShriVivekShukla,Advfor^{theIl.espondcnt}
1.MatteristakerrLrplbrhearittg^otl
relief asprayedthrougliSA^as
application Ior condonation of^delay.
irttet'irn
wellas
2.OnmatterbeingtakenApplicant^Coutlscl
submitsthatthisSAmaybe^clisposedof
finallysinoetheApplicants^havealready
deposited overdueamountand^{by' depositing}
furtheranrounthaleregLrlarizccl^dr,rc
installmentandthcResponclent^l'.1^has
promisednottoexecutetheordet'^dated
14109122passedby theAI)MIndore^{sub.lect to}
conditionthattheApplicantsshllll^pa)
regularly dueinstallntcntontinlc^itrlirtut'c.
HoweverI{espondentF.lhasappriscd^the
Applicantsthatiftheyremain^{def-aultedtwo}
consecutive installmentsthcnthc^orderdatcd
1409122shallbccrccutecl.
3.ApplicantCounselfurther^{submits thatthe}
Applicantsareagreeontheterms^and
conditionsimposedb1'the^{Respondcntoralll'}
to maintainllnancialdisciplinc.

4.ApplicantCounsellurther^praysa
directiontorestorc the^{ph1,'sicalposscssiono[-}
thc propertl,inIavourol' the^{Applicatltssitlcc}
orderdatcdl1l0L)122has alrcadl^bcclt
executed.

DATE	DESCRIPTIONOFTHE ORDER	REMARK
	5.Onbeingasked I{espondent^ClounselShri Shukla, submitsthatthe^{RespondentF.lis} agreetorestorethe^{physicalpossessionofthe} propeft)'inl'avourot'theApplicatrts^{siuce thc} Applicantshave clearedall^{orct'tlueall'loullI} audhaveassuredto^{tnaintainlinancial} disciplinebydepositing^{the dueinstallmentin} firtureontime. 6.RespondentCounseltuLther^pray'sthat thiscondition^{presidentmaybeimposedon} theApplicants,ifthey^defaultedtwo consecutive installments then^{righttoexecutc} theorder datedl4109/22^{shallbclcscrveclin} favourofthcI{esporrdcnt. 7.Looking toconsensusofboth^{theside thts} SA isbeingdisposcd^ol-linalll^otrtclntsand conditionsntentionedasbelorv:- (i)Lookingtoconsensusofboth theside^as u'cllasntutualagreentent^o1-thc^{parties this} SAisbeingdisposcdolas^{rvithclratrn.} (ii)RespondentF.Iisdirectedtorestore^the physicatpossessionolthe^propeft)to^the Applicants rvithimmccliatc^cl-l'cct. (iii)The Applicants shallmaintainfinancial discipline asassuredtothe^{Respondent F.l} howeveriftheymakedelitultto^cleposittwo consccutive installntcntstlrenthc^l{espondertt F.lshall beinliberty1o^{proceedlurtherand} alsotoexecutetheorder^{dated14109122} passedby theADMIndore.

DATE

DESCRIPTIONOFTHE ORDER

REMARK

5.Onbeingasked I{espondent^ClounselShri
Shukla, submitsthatthe^{RespondentF.lis}
agreetorestorethe^{physicalpossessionofthe}
propeft)'inl'avourot'theApplicatrts^{siuce thc}
Applicantshave clearedall^{orct'tlueall'loullI}
audhaveassuredto^{tnaintainlinancial}
disciplinebydepositing^{the dueinstallmentin}
firtureontime.
6.RespondentCounseltuLther^pray'sthat
thiscondition^{presidentmaybeimposedon}
theApplicants,ifthey^defaultedtwo
consecutive installments then^{righttoexecutc}
theorder datedl4109/22^{shallbclcscrveclin}
favourofthcI{esporrdcnt.
7.Looking toconsensusofboth^{theside thts}
SA isbeingdisposcd^ol-linalll^otrtclntsand
conditionsntentionedasbelorv:-
(i)Lookingtoconsensusofboth theside^as
u'cllasntutualagreentent^o1-thc^{parties this}
SAisbeingdisposcdolas^{rvithclratrn.}
(ii)RespondentF.Iisdirectedtorestore^the
physicatpossessionolthe^propeft)to^the
Applicants rvithimmccliatc^cl-l'cct.
(iii)The Applicants shallmaintainfinancial
discipline asassuredtothe^{Respondent F.l}
howeveriftheymakedelitultto^cleposittwo
consccutive installntcntstlrenthc^l{espondertt
F.lshall beinliberty1o^{proceedlurtherand}
alsotoexecutetheorder^{dated14109122}
passedby theADMIndore.

DATE

DESCRTPTION OFTHE ORDER

REMARK

8.Ontheconditionsmentioned
SAisdisposedo1'asri'ithdrarvn.
above,this

9.Recordbeconsignedtotherecord room.
(Rarn
irvasl)atel)
PresidineOlficer
D.R.T,Jabalpur
(M.P&C.G)

shridant joshi v. fullertorn india credit

Case brief

What is this about?

What did the court decide?

shridant joshi v. fullertorn india credit

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Parties & counsel

Coram

Case details

Similar cases

Hdfc Bank versus M/S Laxmi Seeds and Agritech Corporation

Bank of India versus Ashok

State Bank of India versus Shivam Nayak

Punjab National Bank versus Mo. Akil Khan

Poonam Singh Kushwaha versus State Bank of India

Mr Sanjay Kumar Bulchandani versus Dewan Housing Finance Corporation Ltd.