Bank of India v. Ravishankar
Case brief
What is this about?
In a Transfer Application, the Tribunal allowed recovery of approximately Rs.20.91 lakhs owed by a borrower under a home loan agreement, directing recovery from assets and issuance of a Recovery Certificate.
What did the court decide?
Recovered of Rs.20,91,505.12 plus future interest at 8% p.a.; Recovery Certificate issued; Cost allowed.
What the court decided
IN THE DEBT RECOVERY TRIBUNAL –II CHENNAI Dated this 27th day of December, 2023
PRESENT: SHRI T.RAJESH PRESIDING OFFICER
T.A.No.332 of 2022
(Old OA.No.193/2019–DRT-I, Chennai)
Bank of India, Anna Nagar Branch, W-124, New No 41, III Avenue, Anna Nagar, Chennai - 600 040. Represented by its Constituted Attorney. … Applicant.
Vs.
MR.P.N.Ravishankar, S/o.Mr.M.K.Narayanan, No.73, 3rd Cross Street, Thirumalai Nagar, Kolathur, Chennai - 600 099. … Defendant. Counsel for Applicant : M/s.M.P.Venkateswaran. Counsel for Defendant : M/s.O.Padmaprakash.
ORDER
- The above Transfer Application is filed under section 19 of the Recovery
- of Debt and Bankruptcy Act seeking recovery of Rs.20,91,505.12 with
further interest from the date of filing of the TA and by allowing the
Issues for consideration
2 issues framed by the court
Whether the applicant had succeeded in proving the original application claim?
What orders are to be passed regarding the recovery of the outstanding debt?
Parties & counsel
- applicant
Bank of India, Anna Nagar Branch
- respondent
MR.P.N.Ravishankar
Coram
T. RAJESH
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court