DRT, Jaipur disposed of a securitization application where the respondent agreed to honor the applicant's One-Time Settlement offer if payments are made within 15 days.
Application disposed; recourse granted for 15-day payment period.
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur
Item No. 31
Case No. SA/539/2026
PUSHPENDRA SINGH Vs CFM ASSET RECONSTRUCTION PRIVATE LIMITED
Date: 06.07.2026.
Proceedings through hybrid mode
Present:
Shri Prashant Sharma, Counsel for the Applicant
Shri Akarsh Mathur, Counsel for the Respondent Bank/FI
In this matter, the counsel for the respondent bank submits that they have sanctioned the OTS and applicant wants to honor that OTS, however, he submits that 7 days for honoring that be granted and they will be complied with by making payment within 15 days from today. Let the applicant do so. The respondent will take this payment and close their account.
Counsel for the respondent bank submits that they will not proceed till the expiry of 15 days.
In view of the above, this Securitization Application stands disposed of. File be consigned to record, as per rules. Copy of order be uploaded on website.
(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur
Pushpendra Singh
CFM Asset Reconstruction Private Limited
Vimal Gupta
As recorded by the court registry
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