( 1 ) THIS revisional application under Article 227 of the Constitution of India is at the instance of four of the defendants and is directed against order dated June 1, 2001 passed by the Chair Person, Debts Recovery Appellate Tribunal, Calcutta in Appeal No. DRAT/cal/a-3 of 2001 thereby affirming order dated March 28, 2000 passed by the Presiding Officer, Debts Recovery Tribunal, Patna in Execution Case No. 55 of 1999.

( 2 ) THERE is no dispute that a Title (Mortgage) Suit No. 65 of 1995 initiated by the bank against ten persons including the present petitioners in the first Court of Subordinate Judge, Dhanbad was disposed of on compromise. The terms of the compromise are stated below :"i) That the defendants do pay a lump sum of Rs. 7. 00 crores to the plaintiffs, as per the terms of the compromise, within 90 days from the date of issuing an objection certificate by the plaintiff for approaching of the other financial institution/bank/bodies for availing credit facilities, failing which the defendants shall pay the entire admitted claim as shown in para 1 above into Court within a period of sixty days thereafter or any later date upto which time for payment