Ramvilas Son of Shri Ganga Das v. a U Small Finance Bank Limited
Case brief
What is this about?
This court granted the petitioner two weeks to deposit Rs.10,00,000/- to stay auction proceedings initiated by the respondent bank. The petition sought extension due to health issues and alleged delay in initial compliance, but the court noted an inordinate delay of over three and half years. Failure to deposit the amount within the granted time would allow the respondent to proceed with the aucti
What did the court decide?
Two weeks granted to deposit Rs.10,00,000/-; failure allows respondent to proceed with auction subject to court permission.