Disposed

Suraj Kumar Sahu v. Cent Bank Home Finance Ltd.

DRT1 May 2023SA/469/2022

Case brief

AI extract

What is this about?

A Special Appeal was finally disposed of after both parties orally settled terms. The Applicants were ordered to deposit the remaining outstanding dues to enable the Respondent-Bank to hand over physical possession and original title deeds of the mortgaged property, subject to a timeline for the bank to retrieve the deeds.

What did the court decide?

Applicants ordered to deposit remaining dues of Rs. 28,08,509/- before 31/05/2023; upon payment, Bank to hand over possession and title deeds within 15 days.

DATE	DESCRIPTIONOFTHE ORDER	REMARK
sA469t2 0U05t23	Shri Akshat Agrawal,Advforthe Applicants with ApplicantNo.lSurajKumarSahu ShriSunilSharma,AdvfortheRespondent 1.Onmatter being takenApplicantCounsel praysfor finaldisposalofthis SAsubmitting thatthe Applicantsare readytodeposittotal outstandingamount subjecttoRespondent- Bankbydepositing amount75%shallhand overphysicalpossessionwithkeyofthe propertytotheApplicantswhichhas already beentaken by the Respondent-Bank. 2.Afterconsultation throughofficerofthe Respondent-BankRespondentCounsel apprisedtheBenchthattill3U05123 total outstandingwillbeRs.35,33,509/-(Rupees ThiftyFive Lac,ThirtyThreeThousand,Five lfundredandNine only)againstthe Applicants.
	4.ApplicantCounsel alsoafterconsultation tothe ApplicantSurajKumarSahuwhois presentinpersonbelbretheBcnchtoday, apprisedtheBenchthat theApplicantsare agreewiththetermsandconditionsas submittedbythe RespondentCounsel. 3.Respondent Counselfurthersubmitsthat after adjustingamountIts.7,25,000i-(Rupees SevenLacandTwenty FiveJ'housandonly) depositedon07106122outstandingamount remainsRs.28,08,509/-(RupeesTwenty Eighty Lac, EightThousand,FiveHundred andNineonly)whichhastobe depositedby tlreApplicantsonorbefbre3ll}5l23.

DATE

DESCRIPTIONOFTHE ORDER

REMARK

sA469t2
0U05t23

Shri Akshat Agrawal,Advforthe Applicants
with ApplicantNo.lSurajKumarSahu
ShriSunilSharma,AdvfortheRespondent
1.Onmatter being takenApplicantCounsel
praysfor finaldisposalofthis SAsubmitting
thatthe Applicantsare readytodeposittotal
outstandingamount subjecttoRespondent-
Bankbydepositing amount75%shallhand
overphysicalpossessionwithkeyofthe
propertytotheApplicantswhichhas already
beentaken by the Respondent-Bank.
2.Afterconsultation throughofficerofthe
Respondent-BankRespondentCounsel
apprisedtheBenchthattill3U05123 total
outstandingwillbeRs.35,33,509/-(Rupees
ThiftyFive Lac,ThirtyThreeThousand,Five
lfundredandNine only)againstthe
Applicants.

4.ApplicantCounsel alsoafterconsultation
tothe ApplicantSurajKumarSahuwhois
presentinpersonbelbretheBcnchtoday,
apprisedtheBenchthat theApplicantsare
agreewiththetermsandconditionsas
submittedbythe RespondentCounsel.
3.Respondent Counselfurthersubmitsthat
after adjustingamountIts.7,25,000i-(Rupees
SevenLacandTwenty FiveJ'housandonly)
depositedon07106122outstandingamount
remainsRs.28,08,509/-(RupeesTwenty
Eighty Lac, EightThousand,FiveHundred
andNineonly)whichhastobe depositedby
tlreApplicantsonorbefbre3ll}5l23.

DATE

DESCRIPTIONOFTHE ORDER

REMARK

5.Applicant^{Counselfurther praysfora}
directi,onthatafter^{depositing amount15ohin}
totalagainst^{dueoutstandingamount,,Bank}
shallhandover^{possessionwithkeyofthe}
propertytotheApplicants^{and alsoreturn}
briginaltitle^{deedsofthepropertywith NOC'}
6.Respondent^{CounselapprisedtheBench}
thatoriginaltitle^{deedhastobecalledfrorn}
Mumbaianditwill^{takeatleastl5daystime}
afterclosureofthe^account.
7.Sinceboththe^{sidehasorallysettledthe}
terms andconditions^{todisposedofthisSA}
linallytherefore^{thismatterisbeing takenup}
forfinaldisposal.
8.Afterhearing^{both theside andconsensus}
recordedasabove^{thisSAisbeingdisposedof}
finallysubjectto^{termsandconditions}
mentionedasbelow:-

3UO5l23.
(i)TheApplicantsshall^deposittotal
outstanding amount^{Rs.35,33,509/-(Rupees}
ThirtyFiveLac,^{ThirlyThreeThousand,Five}
Hundredand^{Nine only)dueason31105123}
outofthat the^{Applicantshave alreadybeen}
depositedRs.^{7,25,000!(Rupees SevenLac}
aniTwenty^{FiveThousandonly)on07106122}
whichshall^{beadjustedfrom totaloutstanding}
andnowthe^{Applicantsareobligetodeposit}
remaining^{amountRs.28,08,509/-(Rupees}
TwentyUigtlty^{Lac, EightThorlsand,Five}
Hundrld*O^{NineonlY)onorbelbre}

DATE	REMARK E D c S RIPTI o ON F T E H R o E D R
	!ll]9r,.depositing^75%amountoftotal o_tttstandingi.e.approxRs.ZA,SO.OOO
	f iliIfteJ A-eposi^{tingrolaloutsrand}ingamounr r.e.Rs.35.33,509/{Rupeesff-rinlFir.'ir., Ilirty^{ThreeThousand,Five}iii,rAr.i1rO Nineonly)includingearlierO.poJtfr" Respondent-Bankshali-return ihe".,!"*r,r,1,. deedsofthe mongagedproperry;;h-Nil';" orbeforet5/06/262i.
	(iv) Itismade clear thaton failuretodeposit theaforesaid amountonorbefore3l/05/23 Respondenl-BankshallnotU."Ufi"" '," handoverthe possessi",,rirr.p.r"r".ni,t,r. returntheoriginat tirtedeedst;,;;ii;J ;;. tostepfurther.
	9.Boththeparties shallbeartheir owncost. 10. Onterms andcondiljsn5rnentionedabove this SA isbeingdisposedoffir;i;.""'r, c,uu'i 1l.Recordbeconsignedtotherecord room. (RamNrwasPatel) PreSIdin officer .T, Jabalpur P&c.G) D.R (M.

DATE

REMARK
E
D
c
S
RIPTI
o
ON
F T
E
H
R
o
E
D
R

!ll]9r,.depositing^75%amountoftotal
o_tttstandingi.e.approxRs.ZA,SO.OOO

f
iliIfteJ
A-eposi^{tingrolaloutsrand}ingamounr
r.e.Rs.35.33,509/{Rupeesff-rinlFir.'ir.,
Ilirty^{ThreeThousand,Five}iii,rAr.i1rO
Nineonly)includingearlierO.poJtfr"
Respondent-Bankshali-return ihe".,!"*r,r,1,.
deedsofthe mongagedproperry;;h-Nil';"
orbeforet5/06/262i.

(iv) Itismade clear thaton failuretodeposit
theaforesaid amountonorbefore3l/05/23
Respondenl-BankshallnotU."Ufi""
',"
handoverthe possessi",,rirr.p.r"r".ni,t,r.
returntheoriginat tirtedeedst;,;;ii;J ;;.
tostepfurther.

9.Boththeparties shallbeartheir owncost.
10. Onterms andcondiljsn5rnentionedabove
this SA isbeingdisposedoffir;i;.""'r,
c,uu'i
1l.Recordbeconsignedtotherecord room.
(RamNrwasPatel)
PreSIdin officer
.T, Jabalpur
P&c.G)
D.R
(M.

Suraj Kumar Sahu v. Cent Bank Home Finance Ltd.

Case brief

What is this about?

What did the court decide?

Suraj Kumar Sahu v. Cent Bank Home Finance Ltd.

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

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