The Debt Recovery Tribunal at Aurangabad allowed the bank's Original Application for recovery of Rs. 20,38,414.93 against a defaulting borrower who was absent. The Tribunal held the defendant liable based on documented evidence.
Defendant to pay Rs. 20,38,414.93 with 8% p.a. interest; proceed against mortgaged/hypothecated properties; issue Recovery Certificate.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
Presented on: 01/03/2022 Registered on: 26/04/2022 Decided on: 18/11/2023 Duration: Y. M. D. 1 - 08 - 17
IN THE DEBTS RECOVERY TRIBUNAL, AT AURANGABAD
Original Application No. 93 of 2022
Total claim amount– Rs. 20,38,414.93ps
Canara Bank, a body corporate constituted under the banking Companies Acquisition and Transfer of Undertakings Act 1970, having its Head Office at 112 JC Road, Bangalore in the State of Karnataka and one of its branch offices amongst other places at Shendra, Aurangabad through its Power of Attorney Holder Shri Upendra Vishwakarma
…Applicant
Versus
Mr Nilesh Nivrutti Bochare, prop. M/s. NRBP Technoserv, at C12/5, Perfect Casting Industries, Chikalthana MIDC, Opp. Lupin Company Tal. & Dist. Aurangabad (M.S.) 431 007 Also at :
R/o F – 64/6, N-7, Ayodhya Nagar, CIDCO, Aurangabad (M.S.) 431 003
…Defendant
(OA No. 93 /2022)
( Madkar)
Page 1 of 4
APPEARANCES:
For the Applicant : For Defendant :
Mr. Gajendra A. Rajput – Adv. None
Shri Vimal Gupta Presiding Officer
Judgment pronounced on : 18th November 2023
O R D E R
(OA No. 93 /2022)
( Madkar)
Page 2 of 4
(OA No. 93 /2022)
( Madkar)
Page 3 of 4
Order be uploaded on the official website.
Aurangabad, ( Vimal Gupta ) Date: 18th Nov. 2023 PRESIDING OFFICER DEBTS RECOVERY TRIBUNAL, Aurangabad.
(OA No. 93 /2022)
( Madkar)
Page 4 of 4
2 issues framed by the court
Whether the applicant-bank is entitled to the claim and reliefs prayed for against the defendant?
Whether the defendant is liable to pay the claimed amount with future interest and costs?
Canara Bank
Mr Nilesh Nivrutti Bochare, prop. M/s. NRBP Technoserv
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
