Debts Recovery Tribunals and Appellate Tribunals
SWASTIK CONSTRUCTION AND ORS vs HDB Financial Services Ltd on 14 May 2026
<table border="1"> <tr> <td data-bbox="171 77 318 128"><b>14.05.2026</b></td> <td data-bbox="318 77 842 128" style="text-align: right;"><b>M.A.No.39/2026<br/>In<br/>S.A.No.803/2025</b></td> </tr> <tr> <td data-bbox="171 128 318 937">Present :</td> <td data-bbox="318 128 842 937"> <p>Ms. Naziya Halwawala, Ld. Proxy Counsel for the Applicants.</p> <p>Ms. Neha Shah, Ld. Proxy Counsel for the Respondent.</p> <p>It appears from record of SA No.803/2025 that the Applicants had agreed to pay the outstanding dues of Rs.28,27,626.80 in three equal instalments from the date of possession of secured assets scheduled to be taken on 19.04.2026.</p> <p>However, due to clerical error, the Applicants were directed to deposit first instalment on or before 19.04.2026 and remaining two instalments on or before 19.05.2026 and 19.06.2026. In fact, it was agreed between the parties that the Applicants would pay the first instalment between 19.04.2026 and 19.05.2026, second instalment between 19.05.2026 and 19.06.2026 and third instalment between 19.06.2026 and 19.07.2026. Hence, the operative order dated 16.04.2026 passed in SA No.803/2025 is required to be rectified in the interest of justice. Hence, the following order is passed:</p> <p style="text-align: center;"><b><u>ORDER</u></b></p> <ul> <li>• M.A.No.39/2026 is allowed.</li> <li>• The operative part of order dated 16.04.2026 passed in SA No.803/2025 is rectified and be read as under:<br/>The Applicants are directed to deposit the total outstanding amount with the Respondent FI in three instalments in the following:</li> </ul> <table border="1" data-bbox="351 793 806 925"> <thead> <tr> <th>Sr. No.</th> <th>Instalments</th> <th>Date</th> </tr> </thead> <tbody> <tr> <td>1.</td> <td>First instalment</td> <td>Between 19.04.2026 and 19.05.2026</td> </tr> <tr> <td>2.</td> <td>Second instalment</td> <td>Between 19.05.2026 and 19.06.2026</td> </tr> <tr> <td>3.</td> <td>Third Instalment</td> <td>Between 19.06.2026 and 19.07.2026</td> </tr> </tbody> </table> </td> </tr> </table>
It is clarified that with last instalment all the interest due till date of final instalment.
- • The rest of the order dated 16.04.2026 passed in SA No.803/2025 shall remain unaltered.
- • MA No.39/2026 accordingly stands disposed of.
- • Let the file be consigned to record.
(PANKAJ KUMAR UPADHYAY) PRESIDING OFFICER DRT-II, AHMEDABAD
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