Applicant applied for restoration of a stay application dismissed in default. Respondent objected but consented to restoration. Subject to payment of Rs.5 Lakhs, possession restraint granted.
Restoration of Stay Application No.244/2024; restraint on possession if Rs.5.00 Lacs deposited today and installments paid.
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DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
MA/107/2024 IN SA/244/2024 CHANDAN TANNERS Vs INDIA BULLS HOUSING FINANCE LIMITED
15.10.2024
Item No.101
Present: Ms. Amandeep Soni, Counsel for the Applicant along with Sh. Lovely/applicant in person.
Sh. Rohit Sapra, Counsel for respondent FI (on VC).
In MA/107/2024
This is an MA for restoration of SA No.244/2024 which was dismissed in default on 17.09.2024. Mr. Sapra, counsel for respondent FI has made a statement at the bar that he has no objection in case MA is allowed and SA is restored. In view of this, SA No.244/2024 is restored to its original number.
In SA/244/2024
Mr. Sapra, counsel for the respondent FI states that a sum of Rs.5.00 Lacs is overdue amount. Counsel for the applicant states that applicant is ready to deposit Rs.5.00 Lacs today itself.
Subject to the payment of Rs.5.00 Lacs today itself and the payment of fixed installments in time, respondent FI is restrained from taking the possession tomorrow. In view of this
SA stands disposed of.
File be consigned to record room after due compliance.
Pronounced in open Court 15.10.2024 PANKAJ
(A S Narang) Presiding Officer DRT-I, Chandigarh
Chandan Tanners
India Bulls Housing Finance Limited
A S Narang
As recorded by the court registry
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