Suhil R v. Edelweiss Asset Reconstruction Company
Case brief
What is this about?
The Tribunal allowed a settlement of Rs. 31.00 Lac between the applicant and respondent FI. It approved a payment schedule with Rs. 5.00 Lac before possession and deferred possession accordingly, dispensing with the application.
What did the court decide?
Possession deferred; Rs. 5.00 Lac deposit required before possession; balance of Rs. 31.00 Lac payable in installments by 25.09.2025.