The DT allowed the applicant bank's application for recovery of dues and future interest from three defendants, adjusting the interest rate to 9% per annum and directing enforcement of the mortgage.
Applicant bank to recover Rs.26,13,604/- plus 9% p.a. interest; defendants directed to sell mortgaged property; recovery certificate issued.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
| Presented on | : 22.01.2018 |
|---|---|
| Registered on | : 07.02.2022 |
| Decided on | : 24.10.2024 |
| Duration | : Y M D |
| 06 09 02 |
IN THE DEBTS RECOVERY TRIBUNAL AT PUNE (Before Shri Dilip G Murumkar, Presiding Officer) ORIGINAL APPLICATION No. 120/2022.
Union Bank of India, A Banking Company constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970, having its head office at 239, Vidhan Bhavan Marg, Nariman Point Mumbai - 400021 and Branch Office at 403, Somwar Peth, Malvan, Taluka Malvan, District Sindhudurg 416 606.
.. Applicant
Versus
(OA No. 120/2022)
Page 1 of 5
Sanap
APPEARANCE
For Applicant Advocate R.B. Ganbote. For Defendants Ex parte.
Total Claim Amount –Rs.26,13,604/-
JUDGMENT (Delivered on 24th October, 2024)
(OA No. 120/2022)
Page 2 of 5
Sanap
In order to secure the aforesaid loan facility, the defendants executed necessary loan and security documents along with deed of mortgage of Flat No. A-10, Sai Sankalp A, Survey No. 356 (871 A 1 A 9), Hissa No. 1A property Card No. 2982, 2983, 2984, 2985 at Dhuriwada, Malvan, Taluka Malvan, District Sindhudurg, in favour of the applicant Bank.
Hence, this application is filed.
(OA No. 120/2022)
Page 3 of 5
Sanap
Hence, I pass the following order :-
ORDER
(OA No. 120/2022)
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Sanap
Application i.e. 22.01.2018 till full
payment/realization of the amount mentioned in this operative order.
(C) The aforesaid adjudicated amount is secured by the valid and subsisting mortgage of Flat No. A-10, Sai Sankalp A, Survey No. 356 (871 A 1 A 9), Hissa No. 1A property Card No. 2982, 2983, 2984, 2985 at Dhuriwada, Malvan, Taluka Malvan, District Sindhudurg, more particularly described in the Para No. 5.7 of the Original Application.
Sd/(Dilip G Murumkar) Place : Pune Presiding Officer Date : 24.10.2024 Debts Recovery Tribunal, Pune.
(OA No. 120/2022)
Page 5 of 5
Sanap
1 issue framed by the court
Whether the applicant bank is entitled to recover the claimed dues and future interest from the defendants.
1 provisions across 1 enactments
Union Bank of India
Shaji Pushkaran Puthenpurackal
Sharmila Babaji Gaonkar
Bhushan Shivaji Satam
Dilip G Murumkar
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
