Hdfc Bank v. Anil H B
Case brief
What is this about?
An application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 for recovery of loan dues was filed by HDFC Bank against two defendants. The defendants appeared ex parte, and the Tribunal allowed the application permitting recovery of the principal amount, interest, and costs.
What did the court decide?
The application was allowed with costs. The bank is permitted to sell hypothecated property or proceed against other properties if dues are not realized and to file a Memo for a Recovery Certificate.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL. I, KARNATAKA
AT BENGALURU
Dated this thellfh day of August,2022
)
Present : Sri IMTIAZ ALI
Presiding Officer
oALL4/2022
BETWEEN:
HDFC BANK LTD.,
OH Airport Road
Kodihalli
Bangalore-S60 017 (Represented by ib Manager and Authorized Representative Sri Niranjan B)
APPTICANT
AND:
Issues for consideration
2 issues framed by the court
Whether the Applicant Bank proved its case for recovery of dues under Section 19 of the Recovery of Debts and Bankruptcy Act?
What order should the Debt Recovery Tribunal pass in the present application?
Parties & counsel
- applicant
HDFC BANK LTD.
- respondent
Sri Anil H.B
- respondent
Sri H.S. Basavaraiu
Coram
Case details
As recorded by the court registry
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