Disposed
Kamlesh Kumar Kabra v. Cholamandalam Investment and Finance Company Ltd.
DRTSA/738/2023
Case brief
AI extract
What is this about?
The Debts Recovery Tribunal granted the applicant 30 days to remove seized goods from a factory upon coordinating with the bank. The bank must issue a Rule 8(6) notice; failure to remove goods within 30 days permits forfeiture and auction. The main sale application and pending IAs were disposed of.
What did the court decide?
Applicant granted 30 days to remove goods. Bank to issue Rule 8(6) notice. Pending IAs disposed off.