Dismissed

Ms Young Chow Veg Fast Food and Anr. v. Cholamandalam Investment and Finance Company Limited

DRT24 Jul 2026SA/178/2026

Case brief

AI extract

What is this about?

The single judge dismissed the S.A. No.178 of 2026 upon the applicant filing an undertaking to deposit amounts with the respondent bank before specified dates, thereby granting temporary relief on possession under the SARFAESI Act.

What did the court decide?

Undertaking to deposit Rs.3 lakhs by 27.07.2026 and further Rs.2.20 lakhs by 14.08.2026 accepted; possession fixed for 25.07.2026 deferred subject to compliance.

Ms Young Chow Veg Fast Food and Anr. versus Cholamandalam… — Banking and Recovery | DRT (2026)

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23.07.2026	Exh.	*Roznama-MDRT-II* *S.A. No.178 of 2026*	Next date
		Mr Suraj Sambhaji Haralkar, Advocate for the Applicant. Mr R.L. Motwani, Advocate for Respondent.
	7 8	Ld. Advocate for the Applicant has filed service affidavit (exhibit-7). During the course of arguments, Ld. Advocate for the Applicants submit that the Applicants wish to settle the matter with the Respondent. Accordingly, the Applicants have filed Undertaking (exhibit-8) stating that the Applicants undertakes to deposit Rs.3 lakhs on or before 27.07.2026 by 11:30 a.m. and further Rs.2.20 lakhs on or before 14.08.2026. The undertaking given by the Applicant is accepted. So, in view of Undertaking filed above, possession fixed for 25.07.2026 be deferred subject to condition mentioned in Undertaking (exhibit-8) failing which the Applicant shall handover the physical vacant possession of the subject property to the Respondent and the Respondent would

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	be at liberty to take appropriate measures under the SARFAESI Act. I.A. No.1947 of 2026 stands disposed of. In view of the above, nothing survives in S.A. No.178 of 2026 and the same stands disposed of. File be consigned to the Record Room after due compliance.
rst - 04	Sd/- P.O. DRT-II	Closed

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Ms Young Chow Veg Fast Food and Anr. v. Cholamandalam Investment and Finance Company Limited

Case brief

What is this about?

What did the court decide?

Ms Young Chow Veg Fast Food and Anr. v. Cholamandalam Investment and Finance Company Limited

Case brief

What is this about?

What did the court decide?

What the court decided

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