Hdfc Bank v. Rajesh
Case brief
What is this about?
This Tribunal allowed a Transfer Application filed by HDFC Bank Limited against Mr. R. Rajeesh for recovery of a loan amount of Rs. 27,08,395.31 pending on a used car premium loan default, permitting proceedings against the hypothecated vehicle.
What did the court decide?
Recovery of Rs. 27,08,395.31 with interest at 13.25% p.a. allowed; permission to proceed against hypothecated vehicle; issuance of Recovery Certificate.
What the court decided
IN THE DEBT RECOVERY TRIBUNAL –II CHENNAI Dated this 29th day of December, 2023
PRESENT: SHRI T.RAJESH PRESIDING OFFICER
TA.No.624 OF 2022 (Old OA.No.82/2020–DRT-I, Chennai)
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. Represented by its Authorized Signatory Mr.P.Nirmalraj. … Applicant. Vs.
Mr.R.Rajeesh, S/o.Radhakrishnan, PAN No.: AWQPR8760G, A-F-2, Vibha Flat, No.317, Palayakaran Cross Street, Kodambakkam, Chennai – 600 024.
1
Having Office at R.K.International, 26, Agathiyar Street, Kamakoti Nagar, Valasaravakkam, Chennai – 600 087.
And also Having Office at R.K.International, Shop No.71, Ground Floor, 172, Raahat Plaza, Arcot Road, Vadapalani, Chennai – 600 026. … Defendant. Counsel for Applicant : M/s.T.K.M.Saikrishnan. Defendant : Exparte. …… ORDER
- The above Transfer Application is filed under section 19 of the Recovery of Debt and Bankruptcy Act seeking recovery of Rs.27,08,395.31 with further interest from the date of filing of the TA and by allowing the same to be recovered from the defendant and also by proceeding against his assets.
Issues for consideration
2 issues framed by the court
Whether the applicant successfully proved the Transfer Application claim?
What orders are to be passed regarding the recovery of the debt?
Parties & counsel
- applicant
HDFC Bank Limited
- respondent
Mr. R. Rajeesh
Coram
T. Rajesh
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court