I C 1880/18
AI generated
Court orders bank to receive debt from debtor with four installments due starting June 2019.
Legislator summary
AI generatedThe court ruled in favor of the bank, ordering the debtor to pay the outstanding debt plus maximum statutory interest and procedural costs. The debtor admitted the facts and requested a payment plan, which the court approved under Article 320 of the Civil Procedure Code. Consequently, the judgment was executed in four monthly installments starting in June 2019 to accommodate the debtor's financial situation.
Legislator headnote
AI generatedArt. 320 k.p.c.; Art. 98 k.p.c.: The court may order the payment of a debt in installments when the debtor's financial circumstances make immediate full payment unrealistic, and procedural costs are borne by the losing party.
Keywords
AI generated
civil procedure code
installment payments
bank loan dispute
procedural costs
debt recognition
financial hardship
civil judgment
Cited Legislation
AI generatedArt. 320 k.p.c.
Art. 98 k.p.c.
art. 320 k.p.c
art. 98 k.p.c
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