Manjit Singh v. Bank of India
Case brief
What is this about?
This is a single-sentence order disposing an application regarding an education loan default. The applicant offered a partial payment plan and requested to avoid dispossession of secured assets.
What the court decided
DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
SA/48/2025 MANJIT SINGH Vs BANK OF INDIA
21.02.2025 Item No.42
Present:
Sh. AS Gill, Counsel for the Applicant along with Sh. Manjit Singh/applicant in person.
Ms. Manjari Joshi, Counsel for respondent bank.
Ms. Manjari Joshi, has put in appearance on behalf of respondent bank.
It is stated that applicant had raised an education loan of Rs.4.00 Lacs in the year 2009. As on date, a sum of Rs.12,92,781/- is due. Applicant states that he would deposit Rs.3.00 Lacs today itself in the education loan account; another sum of Rs.1.00 Lacs by 03.03.2025 and the remaining sum with upto date interest within 3 months from 03.03.2025. The possession of the secured asset, which is a house measuring 4 Marlas, situated at Jalandhar, has been fixed up for 24.02.2025. Subject to the payments undertaken by the applicant, he would not be dispossessed. In view of this, SA stands disposed of,
File be consigned to record room after due compliance.
(A S Narang) Presiding Officer DRT-I, Chandigarh
Parties & counsel
- applicant
Manjit Singh
- respondent
Bank of India
Coram
A S Narang
Case details
As recorded by the court registry
All orders in this case
2 orders share this CNR
- Order 1 — this page · P.o
- Order 2 · P.o
Similar cases
Judgements on the same questions, provisions and authorities, from every court