Hdfc Bank v. Ravi
Case brief
What is this about?
In an ex parte transfer application, the Debts Recovery Tribunal allowed the applicant, HDFC Bank Limited, to recover a loan principal of Rs. 17,00,340.06 with future interest from the respondent defaulter. The court issued a recovery certificate and cost order.
What did the court decide?
Recovery of Rs. 17,00,340.06 with future and pendent lite interest @ 16.25% p.a.; issuance of recovery certificate.
What the court decided
IN THE DEBT RECOVERY TRIBUNAL –II CHENNAI Dated this 28th day of December, 2023
PRESENT: SHRI T.RAJESH PRESIDING OFFICER
T.A 369 OF 2023 (Old OA.No.138/2020–DRT-I, Chennai)
IN THE MATTER OF: HDFC Bank Limited, No. 128, Nelson Manickam Road, East West Centre, Ground Floor, Aminjikarai, Chennai – 600 029. IFSC Code: HDFC0000441, PAN No: AAACH2702H, And Also Having Office At “CEEBROS”, 110, 4th Floor, Nelson Manickam Road, Aminjikarai, Chennai-600 029.
… Applicant.
-Vs-
Mr.K.Ravi, S/o.Krishnan, PAN No: BEIPR9885R, Having Business At Gowtham Textiles, 5/304-A6,Om Santhi Nagar, Motham Road, Mookandapalli, Hosur – 635 126.
And Having Permanent Address At 17/5A-1, Aajath Street, Denkanikottai, Krishnagiri – 635 107. … Defendant.
1
Counsel for the Applicant : Mr.T.K.M.Sai Krishnan. Defendant : Exparte.
ORDER
Issues for consideration
2 issues framed by the court
Whether the applicant succeeded in proving the transfer application claim?
What orders are to be passed regarding the recovery of the loan amount?
Parties & counsel
- applicant
HDFC Bank Limited
- respondent
Mr. K. Ravi
Coram
T. RAJESH
Case details
As recorded by the court registry
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