(Order of the Court was made by HULUVADI G.RAMESH,J.) Heard the learned counsel appearing for the petitioners and the learned counsel appearing for the respondent-Bank.
2. It appears that in spite of time granted to the petitioners, they have not paid the EMI amount regularly. Hence, attachment of property was ordered. However, the submission of the learned counsel for the petitioners is that the amount ordered to be paid is in excess to what has been prayed for by the Bank due to which, the petitioners have made to suffer. Even if the machineries are attached, there is no such opportunity to pay the EMI amount.
3. In that view of the matter, further six months' time is granted to the petitioners to pay the EMI amount and after paying the EMI amount regularly, they can seek concession for the amount. There shall be an order of stay for attachment of machineries by the Bank subject to the result of the matter pending before the Debt Recovery Appellate Tribunal.
With the above observation, this Civil Revision Petition is disposed of. No costs. The connected Miscellaneous Petition is closed.