Debts Recovery Tribunals and Appellate Tribunals
MRS KAVITA THAPA vs AAVAS FINANCIERS LTD on 6 May 2026
Citations and Judicial Treatment
Cited by
0
Decisions in the index citing it
Cites
0
Decisions referred to
In this index
0
Of the decisions it cites
Overruled / Questioned
0
No negative treatment found
Loading the citing and cited decisions…
This judgment in the centre: on the left the decisions it cites, on the right the decisions citing it. Colour is the treatment; choose a decision to open it.
**ORDER-SHEET** Page No. ....
**DEBTS RECOVERY TRIBUNAL, DEHRADUN** **M.A. No. 65 of 2024**
**Mrs. Kavita Thapa & Anr. Vs. Aavas Finance Ltd.**
**Date: 06.05.2026**
Item No.29
Present: Applicant in person
Sh. B. B. Sharma, Ld. Counsel for Applicants Ms. Swechcha Rawat, Ld. Counsel for Respondent F.I.
Sh. Shish Pal, Ld. Authorized Officer of Respondent F.I.
Called out, Ld. Counsel for the parties present. Ld. Authorized Officer of Respondent F.I./Ld. Collection Team Leader in person present. Applicant in person present.
The Applicant has offered amount of Rs.12.00Lacs for settlement. On the other hand, Ld. Counsel for Respondent F.I. has stated that now outstanding is of Rs.22.00Lacs and primarily institution was ready for settlement at Rs.16.00Lacs, but after detailed discussion has come on the conclusion that the settlement is possible at the amount of Rs.14,50,000/- After considering whole of the details submitted by the parties before the Tribunal in relation to account including previous settlement and repayment by the applicant in relation to settlement, in the opinion of the Tribunal, an amount of Rs.13,50,000/- (Rupees Thirteen Lacs Fifty Thousand only) shall be appropriate and expedient in relation to settlement between the parties.
After considering whole of the situation, both the parties have shown interest in settlement at the amount of Rs.13,50,000/- (Rupees Thirteen Lacs Fifty Thousand only), but Ld. Collection Team Leader/Authorized Officer has prayed for repayment within a period of one month and applicant has prayed for a period of six months.
The applicant shall repay Rs.4,50,000/- (Rupees Four Lacs Fifty Thousand only) within a period of 10 days from today i.e. on or before 16.05.2026 and again Rs.4,50,000/- (Rupees Four Lacs Fifty Thousand only) on or before 16.06.2026 and third installment of Rs.4,50,000/- (Rupees Four Lacs Fifty Thousand only) on 16.07.2026.
If the applicant shall fail in compliance of this settlement at any stage, the Respondent F.I. shall be free to take action in relation to recovery of amount in question under SARFAESI Act as well as RDDB Act according to law.
After repayment of last installment by the applicant, the Respondent F.I. shall provide title deed in relation to secured assets to the applicant within a period of 20 days from the date of last repayment.
In the light of observations, the petition is disposed off accordingly.
Interim order, if any vacated. All Interim Applications are disposed off in the light of above.
Record be consigned.
(Umesh Kumar Sharma) Presiding Officer DRT, Dehradun
06.05.2026