Saraswathi Navada, v. the Joint Registrar of Co-Operative Societies(General)
Case brief
What is this about?
Petitioner sought permission to pay bank dues in instalments. The court allowed payment via 10 equal monthly instalments, resulting in abeyance of recovery steps against mortgaged property, with liberty to respondents to proceed upon two consecutive defaults.
What did the court decide?
Permission to pay dues in 10 equal monthly instalments ab initio; recovery proceedings against mortgaged property stayed pending performance of conditions;