Mrs Archana Kachawa v. Religare Housing Development Finance Corporation Limited
Case brief
What is this about?
This order disposed of a securitization application in a Debt Recovery Tribunal. It stipulated conditions for the co-borrower to settle dues and recover property documents via subrogation.
What did the court decide?
Respondent bank directed to hand over property documents if applicant deposits Rs 10 lakhs and obtains acknowledgment of right of subrogation. Litigation withdrawn upon payment.