Uco Bank v. M/s a B Paper
Case brief
What is this about?
The Tribunal allowed an application under Section 19 of the RDBFI Act filed by UCO Bank to issue a recovery certificate of Rs. 34,55,275.77 against two respondents who defaulted on secured bank loans. The court found the application maintainable and within limitation.
What did the court decide?
The recovery certificate for Rs. 34,55,275.77 was issued against the respondents, and they are declared jointly and severally liable to pay the amount with future interest.
What the court decided
O A. 26y2022/DRT-Guwahati
IN THE DEBTSRECOVERYTRIBUNAL,GUWAHATI
(North Eastern Region)
(Tribunal of Assam,Nagatand,M;ghalaya,Manipur' Mizoram,Arunachal Pradesh& Tr'pura)
O.A. No. 263/2022
ln the matterof - UCO Bank Panchmile Branch, Near Neriwalam,Te zPut-l 8y',027 ' District-Sonitpur,Assam.
Applicant
Vs.
- Mrs A B PaPer AproprietorshiPlirm c/o Hardhan Das,Village-No.lDolabari, P.O- Kaliabhomara ,lez\Ut-7u027 '
District-Sonitpur,Assam
- Sri Manti Barman Proprietorof M/s A B Paper Son of ManoranjanBarman, Bhairab NagarTilla, Rubber Bagan, Tezpur, District-Sonitpur, Pin-784207. Assam.
Issues for consideration
3 issues framed by the court
Whether the original application filed under Section 19 of the RDBFI Act is maintainable in light of the defendants' default.
Whether the claim filed is within the period of limitation.
Whether the applicant bank is entitled to the issuance of a recovery certificate against the defendants.
Parties & counsel
- applicant
UCO Bank Panchmile Branch
- respondent
Mrs A B Papar
- respondent
Sri Manti Barman
Coram
Case details
As recorded by the court registry
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