Idbi Bank v. Manoj Kumar
Case brief
What is this about?
The DRT allowed the bank's application for recovery of Rs. 98.62 lakh along with interest. The court directed joint and several recovery within 60 days, property attachment, and issuance of a recovery certificate.
What did the court decide?
Order directing respondents to jointly and severally pay Rs. 98,61,528.82 with interest within 60 days, recover from sale of assets, prohibit dealing with properties, and issue recovery certificate.
What the court decided
OA 235 of 2023
Decided on: 22.12.2023
Registered on: 17.07.2023
IN THE DEBT RECOVERY TRIBUNAL-I AT MUMBAI ORIGINAL APPLICATION NO. 235 of 2023
IDBI BANK LIMITED, A Company Incorporated and registered under the Companies Act, 1956 (1 of 1956) and a Company Within the meaning of Section 2 (20) of the Companies Act, 2013 (Act 18 of 2013) and also, A Banking Company within the meaning of Section 5 (C) of the Banking Regulation Act, 1949 (10 of 1949) having its Registered Office at IDBI Tower, WTC Complex, Cuffe Parade, Mumbai- 400 005
And
Branch office at Retail Asset Center IDBI Building, Ground Floor, Plot No. 39/40/41, Sector 11, CBD Belapur, Navi Mumbai 400 614
And
A Retail Recovery Department IDBI Zonal Office, Mittal Court, C-Wing, 2nd Floor, Nariman Point, Mumbai 400 021 Through authorized representative Deepa D. Naik, Assistant General Manager Retail Recovery Department of the Applicant
…. APPLICANT
Issues for consideration
1 issue framed by the court
Whether the debt recovery tribunal ought to allow the original application for recovery of dues from the defendants.
Parties & counsel
- applicant
IDBI BANK LIMITED
- respondent
MANOJ KUMAR DHANKHAR
- respondent
DEEPSI DHANKHAR
Coram
Case details
As recorded by the court registry
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