STAR DAIRY PRODUCTS vs Cholamandalam Investment and Finance Company Ltd on 1 September 2026

DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH

MA/82/2026 In SA No. 61/2026 STAR DAIRY PRODUCTS Vs

CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD

**01.09.2026**

Item No.139

Present: Mr. Anil Chawla, Counsel for the Applicant alongwith Mr.Pardeep Singh/applicant in person. Mr.Rohit Sapra, Counsel for respondent FI alongwith Mr.Sumit Arora, DGM.

File taken up today on the application for preponement filed by the applicant.

It is stated that the dispossession of the applicant is fixed up for tomorrow i.e. 02.09.2026. Today, applicant has handed over three demand drafts, amounting to Rs. 13 lacs, to Mr. Sumit Arora, DGM. Applicant also undertakes to deposit Rs. 5 lacs by tomorrow and would also handover a draft or cheque for Rs. 4 lacs by tomorrow by 01:00 pm. In case, applicant fails to pay Rs. 5 lacs by tomorrow and a draft or cheque for Rs. 4 lacs, respondent would be free to take the possession. Applicant undertakes to make the payment of future installments in time. In case of default, applicant would himself surrender the possession to the respondent FI.

In view of the undertaking given by the applicant, the present MA stands **disposed of**. All the pending IAs, if any, are also disposed of, accordingly.

File be consigned to the record room after due compliance.

DRT-I, Chandigarh

MANOJ