Union Bank of India v. a. Kuppan
Case brief
What is this about?
The Tribunal allowed the bank's application for recovery of an outstanding agricultural loan and related documents, adjudicating interest and enforcement measures against the borrower and guarantors.
What did the court decide?
Recovery of an aggregate sum of Rs.33,17,332/2023 along with interest at the rate of 9% per annum simple interest from the defendants and sale of schedule properties.
What the court decided
BEFORE THE DEBTS RECOVERY TRIBUNAL –II AT CHENNAI
Dated this 29th day of December, 2023
PRESENT: SHRI T. RAJESH
PRESIDING OFFICER
TA No.776 of 2023
(Originally filed before DRT-I Chennai as OA No.440 of 2016 and thereafter transferred to this Tribunal and renumbered as TA No.776 of 2023)
Union Bank of India (Erstwhile Corporation Bank) Represented by its Branch Manager Anniur Branch, 82-B, Perumal Koil Street Anniyur – 605 502 Villupuram Taluk
…Applicant
Versus
- A. Kuppan S/o Ayyasamy Mariyamman Koil Street
- Adangunam, Villupuram Taluk
- Mrs. Dhalakshmi W/o Mr. A. Kuppan Mariyamman Koil Street Anniyur, Villupuram District
Issues for consideration
2 issues framed by the court
Whether the applicant had succeeded in proving the OA claim as against the defendants?
What orders are to be passed regarding recovery of the claimed sum and interest?
Parties & counsel
- applicant
Union Bank of India
- respondent
A. Kuppan
Coram
T. RAJESH
Case details
As recorded by the court registry
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