Alpesh Sethiya v. Au Small Finance Bank Limited
Case brief
What is this about?
The Debts Recovery Tribunal granted the applicant a one-month period to deposit the overdue amount of Rs. 2.40 Lac to regularize the account. The court directed subsequent EMI payments on due dates and reserved the right to resume proceedings upon any fresh default.
What did the court decide?
Granted one month to deposit Rs. 2.40 Lac overdue amount and regularize the account; directed to pay July installment immediately; August EMIs to be paid by due dates.