GEETA MISHRA vs EDELWEISS ASSETS RECONSTRUCTION COMPANY LIMITED on 13 October 2026

1. 1. The appellant filed S.A. bearing no.928/2025 titled as **Geeta Mishra V. Edelweiss Asset Reconstruction Company Limited & others** which was stated to be pending before DRT, Jaipur. DRT, Jaipur vide order dated 22.07.2026 has disposed of S.A. The order dated 22.07.2026 reads as under:- In this matter, the applicant is ready to pay Rs.26.00 Lac, but the respondent demanded Rs.36.00 Lac. After giving complete rebate of the charges and another penal interest it was submitted by the counsel for the respondent bank that it will not be possible to go down to that amount, but on instructions of the Tribunal both the parties have sit together and now, the respondent bank has come to Rs.30.00 Lac.

Let the applicant close the account by depositing the amount of Rs.30.00 Lac. Let the payment be made by the applicant as the concession is given because of September end, therefore, by 29.09.2026 the amount of Rs.30.00 Lac should be paid. The applicant may deposit the amount in part-payment till 29.09.2026.

In view of the above, the Securitization Application stands disposed of. File be consigned to record, as per rules. Copy of the order be uploaded on website.

1. 2. The perusal of the order dated 22.07.2026 reflects that the appellant was directed, after negotiation, to pay Rs.30 lacs by 29.09.2026 in full and final satisfaction of the outstanding amount. It is not in dispute that the appellant has not paid Rs.30 lacs by 29.09.2026. The appellant has deposited a sum of Rs.26 lacs with this Tribunal in terms of the order dated 29.09.2026 passed by this Tribunal.

3. Sh. Pramod Kumar, Advocate for the respondent no.1 on being instructed by Sh. H.L. Saini, Authorised Officer of the respondent no.1 stated that as on date a sum of Rs.68 lacs is outstanding against the appellant and the respondent no.1 can settle the account at Rs.32 lacs if the appellant pays the said amount on or before 25.10.2026.

4. Sh. Priyank Tiwari, Advocate for the appellant on instruction from the appellant stated that the appellant has already deposited a sum of Rs.26 lacs in terms of the order dated 09.10.2026 and shall pay the remaining Rs.6 lacs on or before 15.11.2026.

5. Sh. Pramod Kumar, thereafter, on instruction from Sh. H.L. Saini, Authorised Officer of the respondent no.1, stated that as per the suggestion made by this Appellate Tribunal, the appellant can be given time till 15.11.2026 for making deposit of Rs.6 lacs.

6. In view of the submissions made by the counsel for the parties, the following directions are passed:

- (i) **The appellant has deposited with this Tribunal Rs.26 lacs in terms of the order dated 09.10.2026. The respondent no.1 shall be entitled to withdraw the said amount from this Tribunal immediately. The Registry is directed to release this amount of Rs.26 lacs in favour of the respondent no.1 immediately.**

- (ii) **The appellant is permitted to make deposit of the balance amount of Rs.6 lacs on or before 15.11.2026. The said amount be deposited with this Tribunal and the respondent no.1 shall be entitled to withdraw this amount also from this Tribunal immediately thereafter.**

- (iii) **The respondent no.1 after receipt of the entire amount as stated hereinabove shall issue NOC to the appellant and also release the titled documents of the secured asset to the appellant within a week without asking any further amount from the appellant. The respondent no.1 is also directed to maintain *status quo* regarding possession and title of the subject property till 15.11.2026.**

- (iv) **It is made clear that if the appellant fails to honour her undertaking, the respondent no.1 shall be at liberty to proceed further in accordance with law particularly under the SARFAESI Act.**

7. With the above direction, the appeal is disposed of along with pending applications, if any.

8. Copy of this order be given *dasti* to the parties.

----- **(Dr. Justice Sudhir Kumar Jain)** **Chairperson**

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