Hdfc Bank v. E Niranjan
Case brief
What is this about?
The Debt Recovery Tribunal allowed the application for Issuance of Recovery Certificate. The court adjusted the interest rate from the pact rate to 9% simple for a secure facility and ordered the issuance of a certificate to the Recovery Officer.
What did the court decide?
Issuance of a Recovery Certificate for Rs.26,85,966.41/- with interest @ 9% p.a. simple from the date of filing till realization.
What the court decided
BEFORE THE DEBTS RECOVERY TRIBUNAL –II AT CHENNAI
Dated this 30th day of November, 2023
PRESENT: SHRI T. RAJESH PRESIDING OFFICER
TA No.337 of 2022
(Originally filed before DRT-I Chennai as OA No.255 of 2022 and thereafter transferred to this Tribunal and renumbered as TA No.337 of 2022)
M/s. HDFC Bank Ltd., Represented by its Senior Manager, Having office at “Retail Asset Division” No.110, Ceebros Building, 4th floor, Nelson Manikkam Road, Aminjikarai, Chennai – 600 029 …Applicant
Versus
Mr. E. Niranjan, No.7 Mullai Street, Fathima Nagar, Valasaravakkam, Chennai, Tamil Nadu – 600 087
Also at, No.32 2nd Street, Jeevan Nagar, Adambakkam, Chennai, Tamil Nadu – 600 088 …Defendant
Counsel for the Applicant Bank : M/s. D. Sathyaraj Counsel for Defendants : Ex-parte
FINAL ORDER
Issues for consideration
2 issues framed by the court
Whether the applicant had produced the OA claim.
What orders are to be passed.
Parties & counsel
- applicant
M/s. HDFC Bank Ltd.
- respondent
Mr. E. Niranjan
Coram
T. RAJESH
Case details
As recorded by the court registry
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