Overview
- The Supreme Court directed Sumaiya Parveen to deposit Rs 33,00,000 over and above the Rs 3,46,900 already paid within eight weeks.
- Invoking Article 142, the court said the bank’s demand was legally sustainable but that enforcing it would cause extreme hardship to the petitioner.
- Her late husband had taken a Rs 50 lakh loan secured by their home, and an OTS of Rs 34.69 lakh lapsed after she missed the six-month deadline.
- Following the Madras High Court’s dismissal of her petitions and a possession notice, the Supreme Court first ordered status quo and later saw a negotiation figure of Rs 46.34 lakh discussed.
- On timely deposit, further interest stands frozen and the bank must issue a no-dues certificate and release the title deeds, with the court clarifying the relief is case-specific and not a precedent.