Bank of Maharashtra v. Shobha
Case brief
What is this about?
The Debts Recovery Tribunal allowed the bank's application filed for recovery of dues aggregating Rs.75,54,205 along with future interest from the principal borrower and guarantors, who failed to appear.
What did the court decide?
Permitted recovery of agg gr sums with future interest @7% p.a. and directed sale of mortgaged property.
What the court decided
Presented on: 31.07.2021 Registered on: 20.05.2022 Decided on: 17.05.2023 Duration: Y M D 1 9 17
IN THE DEBTS RECOVERY TRIBUNAL AT PUNE (Before Shri Dilip G Murumkar, Presiding Officer) ORIGINAL APPLICATION No.433/2022
Bank of Maharashtra, A Banking Company incorporated under the Banking Companies (Acquisition and Transfer of Undertakings) Act V of 1970 having its Head Office at “Lokmangal”, 1501, Shivajinagar, Pune-411 005 and branch office amongst other places at Sansar, Taluka Indapur, District – Pune-413 104.
… Applicant
Versus
- Mrs. Shobha Ganesh Mhetre,
Age-33 years, Occupation-Agriculture, R/at: A/p Shindewadi, Taluka Indapur, District – Pune-413 104.
- Mrs. Sheetal Subhash Mhetre, Age-30 years, Occupation-Agriculture, R/at: A/p Shindewadi, Taluka Indapur, District – Pune-413 104.
- Mr. Subhash Raghu Mhetre,
Age-36 years, Occupation-Agriculture, R/at: 107, Jyotiba Wadi, Shindewadi, Taluka Indapur, District – Pune-413
Issues for consideration
1 issue framed by the court
Whether the applicant bank is entitled to recover the outstanding dues from the borrowers and guarantors.
Parties & counsel
- applicant
Bank of Maharashtra
Coram
Dilip G Murumkar
Case details
As recorded by the court registry
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