9911796707
TMI Blog2013 (1) TMI 930X X X X Extracts X X X X X X X X Extracts X X X X ..... the delay of 8 days in filing the Petition is condoned. 3. The Application is allowed. CRL.REV.P. 11/2013 and Crl.MA 228/2013 (stay) 4. The Petitioner approached the Respondent ICICI Bank Limited for grant of some credit facility. The Respondent Bank acceded to the Petitioner s request and granted him credit facility to carry out the business of his sole Proprietorship firm Bajaj Machin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... appearance. During pendency of the Complaint case, it was referred to the Mediation Centre, Dwarka Courts, New Delhi where on 26.05.2012 the parties entered into an amicable settlement whereby the Petitioner agreed to pay a sum of ₹ 9.08,800/- in full and final settlement of the Claim of the Respondent Bank in monthly installments of ₹ 1,50,000/- commencing from 26.05.2012. The last i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t the Petitioner failed to pay a sum of ₹ 1 lac also in view of his revised undertaking and had brought a demand draft for just ₹ 17,000/- on 25.08.2012. The Court further noticed that the Petitioner committed breach of the undertaking given by him on 26.05.2012, 26.06.2012, 01.08.2012 and 16.08.2012. Admittedly, the Petitioner had to be suddenly admitted in the hospital only on 07.6.2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... was payable by the Petitioner in six installments and the last installment of ₹ 1,58,800/- was payable on 26.10.2012. We are in the month of January, 2013. Out of sum of ₹ 9,08,800/-, the Petitioner has paid only a sum of ₹ 2.5 lacs which sufficiently reflects the conduct of the Petitioner. On an amount of ₹ 9,08,800/- adjournment costs of ₹ 25,000/- particularly by m ..... X X X X Extracts X X X X X X X X Extracts X X X X
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