Disposed
Vivekanand Public School v. Namdev Finvest Limited
DRTSA/440/2026
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Disposed
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 10
Case No. SA/440/2026
VIVEKANAND PUBLIC SCHOOL Vs NAMDEV FINVEST LIMITED
Date: 20.05.2026.
Proceedings through hybrid mode Present:
Shri Vikas Meena, Counsel for the Applicant
Shri Pramod Kumar, Counsel for the Respondent Bank/FI
In this matter, counsel for the applicant submits that they will close this account by 31 July, 2026 and as an interim measure he is ready to pay Rs. 5.00 Lac. The counsel for the respondent bank insisted of 20% of the payment i.e. Rs. 20.00 Lac.
With the mutual consent of both the parties, the applicant will give settlement proposal within one week from today along with Rs. 10.00 Lac. If the proposal accepted by the respondent FI, then the terms of payment shall be made. In case the proposal is not accepted, the applicant shall clear the entire dues by 31.07.2026.
If the payment of Rs. 10.00 Lac is not made by the applicant, the respondent will be at liberty to proceed else they will restrain their hands till 31.07.2026.
In view of the above this Securitization Application stands disposed of with liberty to the applicant in case of any exigency, they can file Misc. Application.
File be consigned to record, as per rules. Copy of order be uploaded on website.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur
VIVEKANAND PUBLIC SCHOOL
NAMDEV FINVEST LIMITED
Vimal Gupta
As recorded by the court registry
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