Debts Recovery Tribunal allowed early hearing and disposal of stay application. Settlement achieved; property freed from encumbrances.
Settlement achieved; property freed from encumbrances; SA withdrawn; NOC to be issued.
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Supp. Item No. 04
Case No. SA 423/2022
NIKHIL CHITORA VS JUMBO FINVEST INDIA LIMITED
Date: 16.07.2026
Proceedings through hybrid mode:
Present:
Shri Akshat Kulshrestha, Counsel for the Applicant
Shri Pramod Kumar, Counsel for the Respondent along with Shri Hemraj, Authorized Officer for the Respondent FI
This case is already fixed on 23.07.2026, but applicant has filed I.A. No. 762/2026 for early hearing and I.A No. 761/2026 for withdrawal of SA.
As the matter is taken up for hearing so IA no. 762/2026 stands disposed of as allowed, the earlier date fixed 23.07.2026 stands cancelled.
The matter has been settled between the parties. The respondent FI Jumbo Finvest India Limited has agreed to release the property against the payment and the amount as agreed between them has been paid.
Respondent FI will issue NOC after withdrawal of the SA. This SA is permitted to be withdrawn upon settlement between the parties. The flat owned by the applicant will be free from all encumbrances henceforth.
Accordingly, SA stands disposed of as withdrawn, all pending IAs also stands disposed off, if any.
File be consigned to record as per rules. Copy of order be uploaded on website.
(Vimal Gupta) Presiding Officer DRT, Jaipur
cm
Nikhil Chitora
Jumbo Finvest India Limited
Vimal Gupta
As recorded by the court registry
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