Alok Singh v. Ummeed Housingh Finance Pvt. Ltd.
Case brief
What is this about?
The applicant society was directed to approach the bank to clear unpaid EMI penalties and meet to negotiate reasonable interest. The bank was given liberty to proceed as per law if charges remain unpaid within two months. All pending applications stood disposed of.
What did the court decide?
Applicant directed to clear penalties; bank to consider reasonable interest; liberty to proceed as per law if unpaid within two months.