Hdfc Bank v. Sh. Shish Pal
Case brief
What is this about?
The DR Tribunal allowed the bank's application for recovery of outstanding loan dues from defaulting agricultural borrowers, fixing interest at 8% per annum.
What did the court decide?
Recovery Certificate issued directing recovery of Rs.35,64,394/- plus 8% simple interest w.e.f. 25.10.2022 via sale of mortgaged property or attachment of personal assets.
What the court decided
DEBTS RECOVERY TRIBUNAL-2, CHANDIGARH,
PRESIDED OVER BY M.M. DHONCHAK
ORIGINAL APPLICATION NO. 1964 of 2022
DATE OF INSTITUTION: 25.10.2022
DATE OF DECISION: 04th DAY OF SEPTEMBER, 2023
H.D.F.C. Bank Limited , a Banking Company, carrying on the Banking business under the Banking Regulation Act, 1949, incorporated under the Companies Act, 1956 and having its Registered Office at HDFC Bank House, Senapati Bapat Marg, Lower Parel, Mumbai-400013, whereas Branch amongst other places at Kithana Branch, District Kaithal, Haryana, through Sh. Jatinder Mishra, Assistant Manager (Agriculture Legal), HDFC Bank Limited, Regional Office, Chandigarh, being Power of Attorney holder of the Applicant Bank
…..Applicant Bank
Versus
- Sh. Shish Pal s/o Sh. Balwant Singh r/o Village Kabarchha, Tehsil Uchana, District Jind, Haryana-126115
- Sh. Rajpal Singh s/o Sh. Balwant Singh r/o Village Kabarchha, Tehsil Uchana, District Jind, Haryana-126115
Issues for consideration
1 issue framed by the court
Whether the applicant bank is entitled to recover the dues of Rs.35,64,394/- from the defaulted borrowers.
Parties & counsel
- applicant
H.D.F.C. Bank Limited
- respondent
Sh. Shish Pal
- respondent
Sh. Rajpal Singh
- respondent
Sh. Harpal Singh
- respondent
Sh. Vinod Kumar
Case details
As recorded by the court registry
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