IDFC FIRST BANK LTD vs LAXMI SHARMA 2353 — 1869/2023

SUMMARY: The court granted IDFC First Bank's petition and appointed a Receiver (Mr. Sudarshan Shekhawat) to take possession of a TVS Sport motorcycle (Reg. No. RJ-14KP-6298) from the respondent Laxmi Sharma, who defaulted on two loan installments totaling Rs. 43,556.92. The Receiver is authorized to recover the vehicle, maintain it in custody, and if payment is not made within 60 days, sell it at public auction with the Arbitrator's permission, while the parties proceed to arbitration to resolve the dispute. This case analysis is maintained by casestatus.in based on publicly available court records.