Disposed
Anu Kanwar v. Indusind Bank Limited
DRTSA/984/2025
Case brief
AI extract
What is this about?
The Debts Recovery Tribunal allowed an application to settle dues between Anu Kanwar and Indusind Bank Limited. The bank agreed to waive 50% of the penal interest (Rs. 3.50 Lac out of Rs. 7.00 Lac). The applicant agreed to pay Rs. 25.00 Lac in equal installments by 30.12.2026, clearing all dues. Default would allow the bank to proceed legally. The case and pending IAs were disposed of.
What did the court decide?
Waiver of 50% penal interest (Rs. 3.50 Lac) by the Bank; Applicant to pay Rs. 25.00 Lac in installments by 30.12.2026. Upon payment, the SA and pending IAs stood disposed.