2013 (1) TMI 930

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.... filing the Petition. 2. For the reasons as stated in the Application, 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 facilit....

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....izance of the complaint and issued summons to the Petitioner for his 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 Rs. 9.08,800/- in full and final settlement of the Claim of the Respondent Bank in monthly installme....

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....ssive undertakings given by him. It was observed that the Petitioner failed to pay a sum of Rs. 1 lac also in view of his revised undertaking and had brought a demand draft for just Rs. 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 sudd....

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....The entire amount of Rs. 9,08,800/- was payable by the Petitioner in six installments and the last installment of Rs. 1,58,800/- was payable on 26.10.2012. We are in the month of January, 2013. Out of sum of Rs. 9,08,800/-, the Petitioner has paid only a sum of Rs. 2.5 lacs which sufficiently reflects the conduct of the Petitioner. On an amount of Rs. 9,08,800/- adjournment costs of Rs. 25,000/- p....