Debts Recovery Tribunals and Appellate Tribunals
MRS SULTANA BANO vs IIFL HOME FINANCE LTD on 21 August 2024
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IN THE DEBTS RECOVERY TRIBUNAL LUCKNOW
Present: A. H. Khan, Presiding Officer
Dated of order 21.08.2024
M.A.89 of 2023
SL No.27
Present:-
<table border="1"><tr><td>Counsel for the applicants</td><td>Mr. Ankit Yadav</td></tr><tr><td>Counsel for the respondent FI</td><td>Mr. Deepak Singh</td></tr></table>
Ld. Counsel for the applicants submits that his Miscellaneous Application dated 09.06.2023 regarding direction and extension of time given in order dated 18.04.2023 passed by this Tribunal is pending before this Tribunal and the same may be allowed. Ld. Counsel further submits the applicants intend to settle their account, therefore, he prays that one month's time may be allowed for the same.
Ld. Counsel for the respondent FI opposed the contentions made by the Ld. Counsel for the applicants and submits that vide its order dated 18.04.2023, this Tribunal allowed 30 days time to the applicants for regularization of their account but since then the applicants did not settle their account, therefore, he prays that no further time may be given to the applicants for the same.
Heard Ld. Counsels of both the parties and perused the record.
The applicants are directed to clear their outstanding dues within one month. In case of default, the respondent FI is at liberty to proceed further in accordance with law.
Since the applicants were given sufficient time but they failed to settle their account with the FI, therefore, the Miscellaneous Application filed by the applicants is hereby ~~dismissed~~ <sup>dismissed</sup>/disposed of.
Let the copy of this order be issued to both the parties.
Let the file be consigned to record.
