Disposed
Jaan Mohammad v. Clix Housing Finance Limited
DRTSA/221/2026
Case brief
AI extract
What is this about?
The Debts Recovery Tribunal stayed recovery proceedings amid an amicable settlement of Rs. 43 Lacs. An advance of Rs. 20 Lacs was paid, with a commitment to pay the balance by September 7, 2026, contingent upon issuance of a No Dues Certificate.
What did the court decide?
Stay of recovery proceedings contingent on payment of balance Rs. 23 Lacs by September 7, 2026, followed by issuance of No Dues Certificate within 30 days.