Partly allowed
Shri Sachcha Mobile and Electrical v. Union Bank of India
DRTSA/529/2024
Case brief
AI extract
What is this about?
Sanctioned Suit/Appeal disposed of without going on merits; Applicant directed to repay outstanding loan in four installments over four months; Bank directed to refrain from coercive SARFAESI action during payment period.
What did the court decide?
Applicant directed to pay Rs. 7,00,000 plus interest in four installments within four months; Bank directed not to take SARFAESI action during this period.