Debts Recovery Tribunals and Appellate Tribunals
MS BALAJI PLY PRODUCTS PVT LTD vs HDB FINANCIAL SERVICES LIMITED on 12 March 2025
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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur *
Supp. Item No. 02 Case No. MA/28/2025 MS BALAJI PLY PRODUCTS PVT LTD Vs HDB FINANCIAL SERVICES LIMITED
Date: 12.03.2025. Proceedings through hybrid mode Present: Sh. Kirti Kapoor, Counsel for the applicant Sh. Avinash Kumbhaj, Counsel for the Respondent FI along with Sh. Navdeep Chawala, Legal Manager of HDB Financial Services Ltd. In this matter, this Misc. Application has been moved for condonation of delay for making the balance payment of Rs. 30.00 Lac and the delay is of four weeks. It is submitted that there was some bereavement in the family and therefore, the applicant has to do some other work and there was a delay in arranging fund because of this. The counsel for the bank submits that they are leaving it to the Tribunal to pass an appropriate order to compensate the delay. Accordingly, the applicant shall compensate the respondents for this delay by making payment of Rs. 1.00 Lac, cheque of which has already been handed over to the Officer of the respondent bank. The bank shall issue No Dues Certificate and property papers be handed over to the owner/ mortgager of the property after clearance of the cheque. In view of the above, this Misc. Application stands disposed off. File be consigned to record, as per rules. Copy of order be uploaded on website. (Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur