Narinderpal Singh v. Cholamandalam Investment and Finance Company Limited
Case brief
What is this about?
In a statutory appeal regarding secured asset possession, the debtor undertook to deposit 3,00,000 rupees immediately and 2,00,000 rupees within a week. The Tribunal stayed dispossession conditional on these payments and future installment compliance.
What did the court decide?
Stay of dispossession of secured assets conditional upon payment of Rs.3,00,000 immediately and Rs.2,00,000 within a week.