Debts Recovery Tribunals and Appellate Tribunals
MAURICE APPLIANCES vs STATE BANK OF INDIA on 29 September 2026
**DEBTS RECOVERY APPELLATE TRIBUNAL, DELHI**
**Appeal No.254/2026
Arising out of S.A. No.07/2026 (DRT-I, Chandigarh)**
**Item No.6**
**M/s Maurice Appliances & another
V.
State Bank of India**
**29.09.2026 Hon'ble Dr. Justice Sudhir Kumar Jain**
**Present:** Sh. Bagesh Kumar Singh, Advocate for the appellants Sh. Amrendra Kumar Singh, Advocate for the respondent bank through VC
This matter is taken up through Hybrid hearing.
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1. 1. Sh. Amrendra Kumar Singh, Advocate for the respondent stated that he has not been supplied with the copy of the appeal paper book along with annexed documents. The counsel for the appellants undertakes to supply copy of the appeal paper book along with annexed documents to the counsel for the respondent within two days from today.
2. 2. The counsel for the appellants during the course of arguments stated that the appellants have already paid a sum of Rs.25 lacs to the respondent and are interested in the settlement of the outstanding dues. After brief arguments, the counsel for the appellant seeks permission to withdraw the present appeal but with liberty to make one-time settlement to the respondent and direction to the respondent to consider the one-time settlement proposal to be submitted by the appellant. It is also stated that the next date scheduled for taking possession of the subject property is 05.10.2026.
3. 3. The counsel for the appellants is allowed to withdraw the appeal with liberty to make proposal for one-time settlement to the respondent within a week from today. Thereafter, the respondent bank is directed to consider the proposal for one-time settlement, if submitted by the appellant within one week from today, as per rules and regulations sympathetically considering the financial health of the appellant.
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Till the consideration of the one-time settlement to be submitted by the appellants, *status quo* in respect of the subject property shall be maintained by the parties. However, it is made clear that if the appellants fail to make one-time settlement proposal to the respondent within one week, the respondent shall be at liberty to proceed further in accordance with law.
4. All pending applications also stand disposed of.
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(Dr. Justice Sudhir Kumar Jain) Chairperson
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