Disposed
Rajesh Jain v. Indian Bank
DRTSA/613/2023
Case brief
AI extract
What is this about?
Accorded specific performance depositions by applicants and consent of auction purchaser, the Tribunal directed the Respondent Bank to return title documents and money within 15 days, disposing of the stay of sale.
What did the court decide?
Returned of the title documents and refund of auction purchase money with 10% extra deposit within 15 days.
What the court decided
AI extract
¶1
CONTD. ORDER.SHEET
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PAGE No
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CASE No
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| DATE | DESCRIPTIONOFTHE ORDER | REMARK |
|---|---|---|
| sA613/23 09nU23 |
ShriAksht Agrawal,AdvfortheApplicant ShriPrassnJain,AdvfortheResponclentNo.I ShriSourabhKanojiy,a,Adv lortht RespondentNo.4 |
|
| 1.Matteristakenupforhearingon11 No.4854/23 applicationtbrsuitableor.cler. 2. ApplicantCounselby invitingattentionor orderdated17107123passedby thisTribuna underthisSAandhasdirectedtothe Applicantstodepositamountasperordertc staythesalecertiflcale. 3.ApplicantCounselfurtherbyinviting attentiononAnn.[Ai2deposit slatemcntdated 20107123apprisedthatasperdetailsgivenby Respondent-Bankamounthas alreadybeen depositedandtheRespondent-Bankhas alreadyissr"redNOC on02108123. 4. ApplicantCounselfurthersubmitsthatthe auction purchaserisalsoagreeandconsented totake back moneywithcompensationand the Applicantsalsodeposited109/ool'ntonev deposited by thepurchasertoretirnd1ohim. |
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| 5.DuringargumentCounselfbrthe RespondentBanksubmits thatearlier pointof timeCounselfortheResponclentBankseeks time totakeinstruction toverifysomerelevant facttobankofficerwhichhasalreaclybeen verifiednowRespondent-Bankisagreeto return thetitledocumentsof Applicants. |
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GONTD. ORDER.SHEET
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PAGE No
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CASE No
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| DATE | DESCRIPTIONOFTHEORDER | REMARK | |
|---|---|---|---|
| 6.CounselfortheRespondentno.4sub thatauctionpurchaserisagreeandreadv takebackhismoneywithlO%extra orderedby this Tribunal. |
its to AS |
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| 7.Lookingtocontentionsofboththesid revealsthatdisputehasalreadybeenresol amicablyandtheApplicantshavealre depositedtotalamountasdirectedbyt Tribunaland alsolegalexpensesasinfor bytheRespondent-BanknowResponde Bankis directedtoreturn thetitlcdocument ApplicantdepositedwithrheResponde BankunderLoanaccount No.6419119186 account No.6535507848. |
it ed v IS ed t- of t- d |
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| 8.Respondent-Bankisfurtherdirccted returnthemoneydepositedbytheaucti purchaserwith l0%extradepositedby Applicantswithinl5days. 9.WiththisobservationSAis disposedof. 10.Recordbeconsigned to the record room. (Ram tw S Patel) Presidin Officer D.R.T,Jabalpur (M.P&C.G) |
o n e t |
Issues for consideration
2 issues framed by the court
AI extract
Whether the sale certificate should be stayed upon deposit of the auction amount.
Whether title documents and proceeds need to be returned after amicable resolution.
Parties & counsel
AI extract
- applicant
Applicants
- respondent
Respondent-Bank
- respondent
Respondent No. 4
Coram
AI extract
Case details
As recorded by the court registry
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