The DRT allowed an interim application for extension of time to pay the outstanding loan installment, directing the borrower to clear the balance by 30.04.2025 based on demonstrated willingness.
Extension of time granted to pay the outstanding OTS amount of Rs.80,00,000/- by 30.04.2025.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AURANGABAD)
ORDER SHEET
| 26.03 Sr. N |
.2025 o.24 SA No.27/2025 |
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|---|---|---|
| Classifi cation |
No. of Exh. |
|
| INTERLOCUTORY APPLICATION No.582/2025 IN S.A No.27/2025 M/s. Saifresh Milk Agro and Food Products ..Applicant Versus Union Bank of India ..Respondent Mr. U.N. Shete - Advocate for the applicant Mr. A.A. Mishra – Advocate for the respondent. 1. This Interlocutory Application No.753/2025 has been moved by the applicant for extension of time for payment of last installment of OTS amount worth Rs.1,10,00,000/- (Rupees One Crore Ten Lacs only). |
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| 2. It is submitted on behalf of the applicant that the | ||
| last installment of OTs amount worth Rs.1,10,00,000/- (Rupees One Crore Ten Lacs only) has to be paid on or before 31stMarch, 2025 and out of this, the applicant borrower has paid Rs.13,89,000/- (Rupees Thirteen Lacs Eighty-Nine |
||
| Thousand only) and he is ready to deposit | ||
| Rs.16,11,000/- (Rupees Sixteen Lacs Eleven |
[SBJ] (SA No.27/2025) Page 1 of 3
IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AURANGABAD)
ORDER SHEET
Thousand only) today itself and prayed for extension of time for remaining payment worth Rs.80,00,000/- (Rupees Eighty Lacs only) by 30th April, 2025.
5.
[SBJ] (SA No.27/2025) Page 2 of 3
IN THE DEBTS RECOVERY TRIBUNAL,AURANGABAD
(BEFORE HON’BLE PRESIDING OFFICER, DRT AURANGABAD)
ORDER SHEET
[SBJ] (SA No.27/2025) Page 3 of 3
1 issue framed by the court
Whether to grant extension of time for payment of the outstanding Term Loan/OTS amount.
M/s. Saifresh Milk Agro and Food Products
Union Bank of India
Dr. J.R. Chauhan
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
