Bank of India v. Arjun Khade
Case brief
What is this about?
The Debts Recovery Tribunal allowed an application filed by Bank of India for recovery of loans against a borrower and guarantor. Acts of the presiding officer included granting the claim with interest on mortgage properties.
What did the court decide?
Payment of Rs.15,60,080.28 with future interest at 9% per annum from 28.07.2018. Issuance of Recovery Certificate and direction to sell mortgaged properties for recovery.
What the court decided
Presented on: 28.07.2018 Registered on: 17.12.2022 Decided on: 16.08.2024 Duration: Y M D 06 00 18
IN THE DEBTS RECOVERY TRIBUNAL AT PUNE (Before Shri Dilip G. Murumkar, Presiding Officer) ORIGINAL APPLICATION No.1157/2022.
BANK OF INDIA ,
A Body corporate constituted under the provisions of Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 having its Head Office at Star House C-5, G-Block, Bandra Kurla Complex, Bandra (East), Mumbai-400 051, having branch at Post Kavthe Mahankal, Taluka Kavathe Mahankal, District Sangli-416 405.
… Applicant
Versus
1. Mr. Arjun Ramchandra Khade Age adult, Occ.- Agriculture, Address- At Post Malgaon Road, Near Station, A/P Bedag, Tal. Miraj, District Sangli-416 410.
2. Shri. Mahankali Sahakari Sakhar Karkhana Ltd. Address- At Post Kavthe Mahankal, Taluka-Kavthe Mahankal, District Sangli- 416 405.
3. Sangli District Central Co-op. Bank Ltd. Office – SDCC HO, Pushpraj Chowk, Sangli-416 416.
… Defendants
Issues for consideration
1 issue framed by the court
Whether the Debts Recovery Tribunal is empowered to order recovery of dues from a borrower and guaranteeor in an ex parte application.
Parties & counsel
- applicant
Bank of India
- respondent
Mr. Arjun Ramchandra Khade
- respondent
Mahankali Sahakari Sakhar Karkhana Ltd.
- respondent
Sangli District Central Co-op. Bank Ltd.
Coram
Case details
As recorded by the court registry
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