Union Bank of India v. Naim
Case brief
What is this about?
The Debts Recovery Tribunal allowed the applicant bank's application for recovery of dues amounting to Rs.32,11,585/- from two borrowers for a housing loan classified as non-performing assets after the defendants failed to appear.
What did the court decide?
Defendants directed to pay Rs.32,11,585/- plus future interest; mortgage property liable for sale; Recovery Certificate issued.
What the court decided
Presented on: 30.12.2021 Registered on: 27.07.2022 Decided on: 16.12.2023 Duration: Y M D 1 11 16
IN THE DEBTS RECOVERY TRIBUNAL AT PUNE (Before Shri Dilip G Murumkar, Presiding Officer) ORIGINAL APPLICATION No.644/2022
Union Bank of India, (Erstwhile Andhra Bank)
A Banking Company constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 having its Registered and Corporate Office at Union Bank Bhavan, 239 Vidhan Bhavan Marg, Mumbai-400 021 and one of its at Balewadi Branch, S.No.12/1, Shop No.1, K.R. Plaz, Balwadkar Complex, Nr. Laxmi Mata Mandir, Balewadi, Pune-411 045.
- … Applicant
Versus
- Mr. Naim Kadar Pathan, Survey No.10/6, Mayur Colony, Dagadu Patil Nagar, Near Rahimaniya Masjid, Theregaon, Dist. Pune-411 033.
- Mrs. Tanveer Naim Pathan, Survey No.10/6, Mayur Colony,
(OA No.644/2022)
Page 1 of 6
Issues for consideration
1 issue framed by the court
Whether the applicant bank is entitled to recover dues from borrowers under the SARFAESI Act for a non-performing housing loan.
Parties & counsel
- applicant
Union Bank of India (erstwhile Andhra Bank)
Coram
Dilip G Murumkar
Case details
As recorded by the court registry
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