Bank of Baroda v. D D Cosmetics
Case brief
What is this about?
This order allowed a transfer application filed under the Recovery of Debt and Bankruptcy Act by Bank of Baroda against D.D.Cosmetics for an outstanding debt of Rs.20.93 lakhs with interest.
What did the court decide?
Recovery of Rs.20,93,132.93 with interest at 9% p.a. simple; issuance of Recovery Certificate; provision for cost recovery.
What the court decided
IN THE DEBT RECOVERY TRIBUNAL –II CHENNAI Dated this 29th day of December, 2023
PRESENT: SHRI T.RAJESH PRESIDING OFFICER
T.A. No. 80 of 2023
(Old OA.No.531/2019–DRT-I, Chennai)
Bank of Baroda, (Formerly Vijaya Bank), Vadapalani Branch, Chennai – 600 026. Rep. by the Chief Manager. … Applicant.
Vs.
D.D.Cosmetics, A.Xavier, Prop. Chitlapakkam, Chennai-64. …Defendant. Counsel for Applicant : M/s.P.Ramakrishnan. Defendant : Exparte. ……
ORDER
- The above Transfer Application is filed under section 19 of the Recovery
of Debt and Bankruptcy Act seeking recovery of Rs.20,93,132.93/- 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 succeeded in proving the original application claim?
What orders are to be passed regarding recovery and interest?
Parties & counsel
- applicant
Bank of Baroda (formerly Vijaya Bank)
Coram
T. RAJESH
Case details
As recorded by the court registry
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