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2007 (3) TMI 387 - SUPREME COURTDefault in payment - there was non-compliance with the terms of the compromise/settlement therefore, the appellant-bank was entitled to recover the entire decreetal amount - Held that:- Appeal dismissed. Do not find this to be a fit case where jurisdiction under article 136 of the Constitution of India, 1950 is to be exercised. As the respondent had paid Rs. 45,000 as interest for the defaulted period. Interestingly, pursuant to the direction of the High Court the appellant-bank had charged interest of Rs. 29,353. There into arrangements with third party for selling the property but the payment in respect of the sale was to be made directly to the bank. It is noted that Bank at no point of time before the final payment was made appear to have indicated that settlement failed because of failure to stick to the time schedule.
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