Hdfc Bank v. Sh. Fasruddin
Case brief
What is this about?
In an original application under Section 19(1) of the RDB Act, 1993, the Tribunal allowed the bank's claim for recovery of Rs. 20,14,313.07 along with simple interest at 7% p.a. from the filing date, holding the debt joint and several.
What did the court decide?
Recovery Certificate issued; Defendants to pay Rs. 20,14,313.07 with 7% simple interest p.a. from 04.01.2023.
What the court decided
DEBTS RECOVERY TRIBUNAL-2, CHANDIGARH, PRESIDED OVER BY M.M. DHONCHAK
ORIGINAL APPLICATION NO.1591/2023
DATE OF INSTITUTION: 04.01.2023
DATE OF DECISION: 5th DAY OF FEBRUARY, 2024
H.D.F.C. Bank Limited, having its registered office at HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai-400013 and also at Plot Nos. 1-15, Sector-101, ALPHA IT City, SAS Nagar (Mohali), through its Authorised Representative, Sh. Kabir Chopra
….. Applicant
Versus
- Sh. Fasruddin s/o Sh. Azzauddin r/o House No. R-307, Adarsh Colony, Faridabad (Haryana)-121001
- Smt. Nisha c/o Sh. Fasruddin r/o House No. R-307, Adarsh Colony, Faridabad (Haryana)-121001
…..Defendants
Argued by: Ms Dipti Toni proxy counsel for Sh. Gagandeep Toni, Advocate for the applicant bank Defendants ex parte vide order dated 02.02.2024
Issues for consideration
2 issues framed by the court
Whether the debtor and guarantor are liable to repay the outstanding loan amount.
At what rate of interest the recoverable principal should accrue pending realisation.
Parties & counsel
- appellant
H.D.F.C. Bank Limited
- respondent
Sh. Fasruddin s/o Sh. Azzauddin
- respondent
Smt. Nisha c/o Sh. Fasruddin
Coram
Case details
As recorded by the court registry
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