Idbi Bank v. Shivaji
Case brief
What is this about?
This judgment allowed an Original Application filed by IDBI Bank Limited for recovery of outstanding dues aggregating to approximately Rs. 42.97 lakh from two defendants. The court held the account NPA and directed recovery from assets and issuance of a Recovery Certificate.
What did the court decide?
Granted recovery of Rs. 42,97,435.95 plus agreed interest, directed sale of mortgaged and personal assets for recovery, and directed issue of Recovery Certificate.
What the court decided
OA 120 of 2023
Registered on : 18.04.2023 Decided on : 18.04.2024
IN THE DEBT RECOVERY TRIBUNAL-I AT MUMBAI ORIGINAL APPLICATION NO. 120 of 2023
IDBI BANK LIMITED, A company incorporated and registered under Indian, Companies Act, 1956 (1/1956) and also a banking company under Section 5[C] Of banking Regulation Act of 1949, [10/1949], Having its head office at IDBI Tower WTC Complex, Cuffe Parade, Mumbai 400 005, and having one of Its branch amongst other places at Retail Assets Centre, RAC-Thane, 1st Floor, Anmol House, Ghantali Mandir Road, Opp. Ghantali Mandir, Naupada, Thane (West)- 400 602 and Retail Recovery Department, Mittal Court, B Wing, 2nd Floor, Nariman Point- 400 021.
…. APPLICANT
VERSUS
1. MR. SHIVAJI SAMPATRAO DHUMAL Male, adult, Indian Inhabitant, Having address at A-5/204,, Vedant Complex, Pokharan, Road No. 1, Vartak Nagar, Thane, (West), Thane, Maharashtra. 400 606. AND Commissioner of Police Office, Aatikraman Vibhag, Manisha Nagar, Kalwa (W) 400 605 2. MRS. VIJAYA SHIVAJI DHUMAL Female, adult, Indian Inhabitant, Having address at adult, Indian Inhabitant, Having address at A-5/204, Vedant Complex, Pokharan, Road No. 1, Vartak Nagar, Thane, (West), Thane, Maharashtra. 400 606.
… DEFENDANTS
1
Issues for consideration
1 issue framed by the court
Whether the Original Application for recovery of outstanding loan dues against non-performing accounts deserves to be allowed.
Parties & counsel
- applicant
IDBI BANK LIMITED
- respondent
MR. SHIVAJI SAMPATRAO DHUMAL
- respondent
MRS. VIJAYA SHIVAJI DHUMAL
Coram
Case details
As recorded by the court registry
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