Bharat Bai v. Vastu Housing Finance
Case brief
What is this about?
The Debts Recovery Tribunal allowed a settlement between the applicant, a subsequent property purchaser, and the respondent bank. The court directed the bank to transfer title documents against payment of dues, subject to a repayment schedule, while dismissing the Securitization Application.
What did the court decide?
Respondent bank directed to hand over original title documents upon payment acknowledgment; applicant entitled to recover dues from borrower.