Anil Kumar v. Baid Finserv Limited
Case brief
What is this about?
In a settlement proposal regarding mortgage dues, the Debts Recovery Tribunal directed the applicant to deposit a specified amount within ten days and pay the balance by a stated deadline. Upon full payment, the court directed issuance of a No Dues Certificate and return of possession of the mortgaged property.
What did the court decide?
Deposited Rs. 10 Lac within 10 days; balance Rs. 12 Lac by 25.03.2025; No Dues Certificate and possession returned upon full payment.