MR VISHNUBHAI K RABARI AND OTHERS vs IDFC BANK LIMITED on 18 February 2025

Exh-7

<table border="1"><tr><td data-bbox="228 71 351 88">18.02.2025</td><td data-bbox="351 71 875 88">MA/17/2025</td></tr><tr><td data-bbox="228 88 351 945"><b>Present :</b></td><td data-bbox="351 88 875 945"><p>Mr. D.D. Chauhan, Ld. Counsel for the applicant<br/>Mr. L.M. Patel, Ld. Counsel for the respondent</p><p>This application is filed for condonation of delay of 81 days in filing the proposed S.A.</p><p>Before moving into argument with regard to merits of this MA, learned counsel for the applicant has requested that in this case the applicant borrower is willing to deposit all the outstanding amount with interest to the respondent bank within 15 days and the bank has no objection in this regard. Hence, this MA may be allowed and the delay in filing the SA be condoned.</p><p>He has further requested that since the respondent has scheduled e-auction of the secured property on 18.02.2025 and the applicant is willing to settle the claim of the respondent bank amicably, Registry may be directed to register the proposed SA today itself so that the SA may be disposed of today itself.</p><p>Ld. Counsel for the respondent bank has put his written remarks on the purshis Ex. A/16 with the effect that in view of undertaking to pay the entire outstanding within 15 days, respondent bank has no objection to condone the delay and dispose of this SA.</p><p>In view of the fact that on the basis of settlement the dispute between the borrower and the respondent bank is going to be settled permanently, in the interest of justice, in my opinion this MA deserves to be allowed.</p></td></tr></table>