Allowed

Mr Misbah Bin Tariq v. Ms Globle Fincap Ltd.

DRT18 Jun 2025SA/183/2025

Case brief

AI extract

What is this about?

The Tribunal addressed an appeal challenging SARFESI actions initiated by the respondent FI. The court observed that the appellant expressed willingness to hand over peaceful possession within 45 days and the respondent raised no objection. The Tribunal accordingly restrained the receiver from taking possession on the specific date but directed the appellant to deliver possession within the stipul

What did the court decide?

Respondent FI/Receiver is restrained from taking physical possession on 19.06.2025; Applicant directed to hand over possession within 45 days.

Mr Misbah Bin Tariq versus Ms Globle Fincap Ltd. — Banking and Recovery | DRT (2025)

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Debts Recovela^{Tribunal-Il,Delhi}

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S.A.No. L8312O25 MISBAH BIN^{TARIQ VS. M/S GLOBAL} FINCAP^LTD.

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18.06.202s

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Item no.17

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Present: Shri Khalid^{Abdullah, counsel alongwith} Shri Vivek^{Singh,counsel and Sh'} Amanullah,^{counselfor aPPlicant.} Shri S.S.Sobti,^{counsel for respondentFI'}

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Matter is taken^{throughVC/Hybrid mode'}

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It is a^{fresh SA filed by the S'applicant'} challenging^{the entireSARFEASI actionsinitiatedby} the respondent^{FI includingthe notice issued by the} Court Receiver^{for taking the physical possession of} the^{property in questionon 19.06'2015' Issue notice} in SA to other^{side' Shri S'S.Sobit, counsel appeared} and accepted^{notice on behalf of the respondentFI'}

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The^{Ld. Counselfor applicant has submitted that} the respondent^{FI through Ld. Receiverhas issued} notice dated^{04.06.2025 for takingphysical possession} of the^{propertybeingsecondfloor flat area 54 sq'yds'} built of^{property no.1,Hospital Road, Bhogal,New} Delhi-110014^{in Khasra no' 4091L, Khatoni no' 550'} Khewat no.1 of^{Mauja Aliganj Anadi Jungpura on} L}.O6.2O25.It^{is submitted that the applicant is ready} to hand over^{the peacefulpossession of the subject} property within 45^{days to the respondent FI and it is} prayed that the respondent^{Fl/Receivermay be} restrained from^{takingphysical possessionof the} subject ProPerry^{on 19.06.2025'}

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9,\

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The Ld.^{Counselfor respondentFI has submifted} that he has^{no objection to the submission made by} the Ld. Counsel^{for aPPlicant.}

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Heard^{the Ld. Counsels of both the parties'}

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Since^{the applicant is ready to hand over the} peaceful^possession of^{the subject property to the} respondent^{FI within 45 days and respondentFI has} no objection^{to the same, therefore,the respondent} FllReceiver is^{hereby restrained from taking the} physical possession of^{the property in questionon} 19.06.2025.^{The applicant is directed to hand over} the^{peacefulpossessionof the subject propertywithin} 45 days to^{the Authorised Officerof the respondentFI'} In case, the^{applicantis failed to deliverthe physical} possession of the^{subject property to the respondent} FI within 45 days,^{the respondentR is free to take} physical possession of^{the property in question} through the^{same Receiver without any notice'}

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With the^{above directions, the present SA no'} 18312025^{is disPosed of.}

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File be consigned^{to records'}

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e) ..(susHIL KUIVIAR^RASTOGI) PRESIDING^OFFICER DRT-II, Delhi

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Mr Misbah Bin Tariq v. Ms Globle Fincap Ltd.

Case brief

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Mr Misbah Bin Tariq v. Ms Globle Fincap Ltd.

Case brief

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