Idbi Bank v. Dilip Dharve
Case brief
What is this about?
The DRT allowed the Original Application filed by IDBI Bank against the defendants for recovery of over Rs. 47.37 lakhs of home loan dues and directed payment of the principal sum along with interest at 14.15% p.a. within 60 days.
What did the court decide?
Decision to pay Rs. 47,37,346.28 plus 14.15% p.a. interest within 60 days, failing which recovery from sale of mortgaged or other assets, along with issue of Recovery Certificate.
What the court decided
OA 404 of 2022
Registered on:22.08.2022
Decided on: 26.12.2023
IN THE DEBT RECOVERY TRIBUNAL-I AT MUMBAI ORIGINAL APPLICATION NO. 404 of 2022
IDBI Bank (which has taken over Tata Home Finance Ltd (THFL) and name changed to IDBI Home Finance Ltd which got now merged with IDBI) a body corporate established under the Industrial Development Bank of India, Act, 1964, and having its Registered office at Chaturvedi Mansion 2nd Floor, 26/4 Old Palasiam, AgraMumbai Road, Indore- 452 001 amongst its other branches (erstwhile branches of THFL) a branch office at Sapna Building, Ground Floor, Plot No. 850, S K Bole Road, Agar Bazar, Dadar (West), Mumbai 400 028 and Retail Collection & Recovery Department, Mittal Court, 2nd Floor, “C” Wing, Nariman Point, Mumbai 400 021
…. APPLICANT
VERSUS
1. MR. DILIP KAILAS DHAVRE RCF Colony, Type I, 13/309 Chembur, Mumbai 400 074
2. MRS. SANDHYA DILIP DHAVRE RCF Colony, Type I, 13/309 Chembur, Mumbai 400 074
… DEFENDANTS
Issues for consideration
2 issues framed by the court
Whether the defendants are liable to pay the outstanding dues of Rs. 47,37,346.28 along with interest.
Whether to allow the Original Application filed for recovery of home loan dues ex-parte.
Parties & counsel
- applicant
IDBI Bank
- respondent
Mr. Dilip Kailas Dhavre
- respondent
Mrs. Sandhya Dilip Dhavre
Coram
Case details
As recorded by the court registry
All orders in this case
2 orders share this CNR
- Order 1 — this page · Rekha G. Dhakar
- Order 2 · Rekha G. Dhakar
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