KARNATAKA HIGH COURT
B M SHYAM PRASAD, J
SMT. ARAVAPALLI KRISHNA DEEPTHI – Appellant
Versus
M/S INDIA BULLS HOUSING FINANCE LIMITED – Respondent
| Table of Content |
|---|
| 1. overview of the estrangement and loan situation. (Para 1 , 2) |
| 2. arguments presented regarding loan regularization. (Para 3 , 4 , 5) |
| 3. court's observations on the petitioner's obligations. (Para 6 , 7) |
ORAL ORDER
2. This Court, on 24.03.2025, taking on record the circumstances above and recording that the second respondent, because of their floundering relationship, has defaulted in paying EMI resulting in the petitioner's eviction from the subject property, has directed the first respondent to restore possession of the property to the petitioner forthwith. On 26.03.2025, Mr. Francis Xavier, the learned counsel for the first respondent, has stated before this Court that if the petitioner offers a sum of Rs.7,63,000/-, the loan would be regularized and the petitioner will have the advantage of EMI. This Court has directed the petitioner to pay a sum of Rs.3,00,000/- within a week directing the first respondent to accept the same subject to the result of the petition.
Mr. Francis Xavier has stated before this Court [of course, without prejudice to the first respondent's interest] that the petitioner can offer a sum of Rs.3,65,298/- by the end of July 2025 for regulari
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