Uco Bank v. MD Abdul Razzak
Case brief
What is this about?
The Tribunal issued a recovery certificate for Rs. 33.60 lakhs plus interest in favor of UCO Bank against two defendants who defaulted on a term loan secured by equitable mortgage of immovable property.
What did the court decide?
Recovery certificate issued for Rs. 33,60,356.71 with interest and costs; charge to remain on mortgaged property.
What the court decided
O.A. 381/2022lDRT-cuwahati
IN THE DEBTS RECOVERY TRIBUNAL, GUWAHATI
(North Eastern Region)
( I flbunat of Assam, Nagatand Meghalaya, Manipur, Mizor#, Arunachal pradesh & Tripura) Before Shri Shiv Sharan Dubev. presidinq Officer
O.A. No. 381/2022
ln the matter of -
UCO BANK Bandadewa Branch, District Papumpare, Arunachal pradesh-79.1.123.
Applicant
- MD ABDUL RAZZAK
Son ofAbdul Rasid, Vlllage-Bhorolua,part No.2, p.O. Doolahat, P.S.- Laluk, Moiuza-Nowboicha, pin-7 B7OZ7, Distric! Lakhimpur, Assam.
Also at :
MD ABDUL RAZZAK Head Master, Bhorolua Kha L.p.School, Nowboicha, P in-7 87 O27. District- Lakhimpur, Assam
Issues for consideration
1 issue framed by the court
Whether recovery certificate can be issued under Section 19 of the RDBFI Act, 1993 for the outstanding loan amount?
Parties & counsel
- applicant
UCO Bank Bandadewa Branch
- respondent
MD ABDUL RAZZAK
- respondent
KHUDEJA BEGUM
Coram
Case details
As recorded by the court registry
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