Idbi Bank v. Suraj Verma
Case brief
What is this about?
Debts Recovery Tribunal allowed IDBI Bank Ltd.'s application for recovery of loan dues on joint and several liability notwithstanding failure of defendants to appear or file written statements.
What did the court decide?
Defendants to pay Rs. 32,09,172 with interest pendentente and future @8.40% p.a. simple; recovery certificate issued u/s 19(2).
What the court decided
DEBTS RECOVERY TRIBUNAL : JABALPUR
(for the States of Madhya Pradesh and Chhattisgarh)
cAt P couRT AT RAIPUR(C.G.)
(Presiding Officer - Hon'bte Shri Ram Niwas Patet)
Original Applicotion No.- 1203122
lDBl Bank Ltd., RetaiI Asset Centre, Sant Kabir Chowk, Raipur (C.G.) 492001
..... Appticant
Versus
- Shri Suraj Verma, S/o Makhan Verma 07) Smt. Rani Verma, W/o Suraj Verma (Both at7 /28, Amatidih, Near Pani Tanki, Ravigram, Raipur, C.G. 492001; &. Dubey Colony, Mowa, Near Durga Tempte, Raipur, C.G. 492001; &. Khasra No.-64212, PH No.-109129, Kushahau Thakre Ward No.-26, Near Sai Tempte, Dat Dat Seoni, Mowa, Raipur, C.G. 492001) .... Defendants Counset for the Appticant : Shri SuniI Kherdikar, Advocate Defendants : Ex-parte
JUDGMENT
(Dated : 2.4th July, 2024)
Issues for consideration
1 issue framed by the court
Whether the original application filed for recovery of loan dues along with interest is maintainable and permissible for recovery.
Parties & counsel
- applicant
IDBI Bank Ltd.
- respondent
Shri Suraj Verma
- respondent
Smt. Rani Verma
Coram
Case details
As recorded by the court registry
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