Disposed
Ms Hotel Nature Valley v. Jammu and Kashmir Bank Limited
DRTSA/83/2024
Case brief
AI extract
What is this about?
In an application regarding the possession of a secured hotel asset, the parties settled the dispute. The applicant agreed to deposit funds and adhere to loan terms. The application was disposed of based on this settlement.
What did the court decide?
Application disposed based on settlement; deposit of Rs.25 lacs and quarterly payments of Rs.1.75 crores ordered; subsequent payments to follow original loan terms.