MS JN MASALA vs Cholamandalam Investment and Finance Company Ltd on 26 May 2025

Court of the Presiding Officer Debts Recovery Tribunal, Jaipur * Item No. 56 Case No. MA/35/2025 IN SA/109/2024 MS JN MASALA Vs CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LTD Date: 26.05.2025. Proceedings through hybrid mode Present: Shri Rajeev Gupta, Counsel for the Applicant Shri Avinash Kumbhaj, Counsel for the Respondent Bank/FI In this matter, the applicant has been delaying the repayment to the bank despite undertaking give before the Hon’ble High Court and despite several opportunities given by this Tribunal, but the same has not been complied with and also the cost has also not been deposited by the applicant. As per the order of the Hon’ble High Court order once if they failed to comply the undertaking given before the Hon’ble High Court, they were to hand over the possession which have not been done. They are not interested in handing over the possession to the bank so, the bank will be at liberty to approach the District Magistrate or CJM again for seeking possession of this property. In view of the above, this Misc. Application stands dismissed. File be consigned to record, as per rules. Copy of order be uploaded on website. (Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur