Yes Bank v. Akash Surude
Case brief
What is this about?
The tribunal allowed the debt recovery application, directing the respondents to pay a principal sum of Rs.36,12,387/- along with future interest at 9% per annum from the date of the application, adjusting the total claim by deducting specific charges.
What did the court decide?
Payment of Rs.36,12,387/- plus future interest at 9% p.a. from 19.05.2022; right to sell hypothecated JCB/JS 205.
What the court decided
Presented on : 19.05.2022 Registered on : 24.08.2022 Decided on : 19.12.2023 Duration : Y M D 01 07 01
IN THE DEBTS RECOVERY TRIBUNAL AT PUNE (Before Shri Dilip G Murumkar, Presiding Officer) ORIGINAL APPLICATION No. 781/2022.
Yes Bank Limited,
A Banking Company within the meaning of Section 5C of the Banking Regulation Act, 1949 and constituted under the Companies Act, 1956 having its Registered Office at Yes Bank House, Off Western Express Highway, Santacruz (E), Mumbai 400055 and branch office at Erandawana, Pune 410004.
.. Applicant
Versus
- 1 Akash Bhimaji Surude
- 2 Chandrabhaga Bhima Surude, Both R/o : Wadzire, Devibhovare Fata, Parner, Nr Shiv Doh Dam, Ahmednagar 414307.
.. Defendants
APPEARANCES
For Applicant Advocate Pradeep Yadav. For Defendants Ex parte.
Issues for consideration
3 issues framed by the court
Whether the recovery application should be allowed despite undefined statutory provisions.
Whether future interest should be granted at the claimed rate or a lower reasonable rate.
Whether certain claimed charges impacting the total amount should be deducted.
Parties & counsel
- applicant
Yes Bank Limited
- respondent
Akash Bhimaji Surude
- respondent
Chandrabhaga Bhima Surude
Coram
Case details
As recorded by the court registry
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