Sahun Khan v. Hinduja Housing Finance Ltd.
Case brief
What is this about?
In a Securitization Appeal, the applicant offered a repayment plan acceptable to the respondent bank. The Tribunal treated the account as settled, conditionally released property papers, and dismissed the appeal.
What did the court decide?
Account treated as settled; applicant directed to pay sums as per schedule on specified dates. Upon payment, bank to release papers and issue NOC. On default, securitization proceedings to continue.