Allowed

Hdfc Bank v. Akibaddin Sekh

DRT19 Mar 2024OA/398/2022

Case brief

AI extract

What is this about?

Debts Recovery Tribunal allowed an ex-parte application filed by HDFC Bank Ltd. to recover a debt of RS. 28,93,423.82 plus interest from the defendant who failed to contest the claim.

What did the court decide?

Recovery of Rs. 28,93,423.82 with interest; issuance of Recovery Certificate; direction to Recovery Officer.

What the court decided

AI extract

Allowed

Hdfc Bank v. Akibaddin Sekh

DRT19 Mar 2024OA/398/2022

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Case brief

AI extract

What is this about?

Debts Recovery Tribunal allowed an ex-parte application filed by HDFC Bank Ltd. to recover a debt of RS. 28,93,423.82 plus interest from the defendant who failed to contest the claim.

What did the court decide?

Recovery of Rs. 28,93,423.82 with interest; issuance of Recovery Certificate; direction to Recovery Officer.

What the court decided

AI extract

Page No.-		Order Sheet(continuation)
Case No. OA	/398/2022 H	DFC Bank Ltd. vs Akibaddin Sekh
Date of the order		Order with signature	Office action with date and dated signature of parties when necessary
19/03/202 4	Ld. Advoc None is p	ate Ms. Mekhala Kanji appears for the applicant bank. resent on behalf of the Defendant.
	Matter 23/02/2024. The deta of the order is as i) ii)	was heard in open Court on this the day of iled order in three pages annexed separately. The gist follows: O R D E R Claim of the Applicants is allowed with cost. The Defendant is liable to pay Rs. 28,93,423.82P with interest as per contractual rate @ 9.87% p.a,9.59% p.a. for vehicle loan, @ 17.21% for two Wheeler loan and @ 8.25% for GECL with monthly rest from 05.08.2022 against the Defendant till payment or realization.
	iii) iv) v)	It is declared that the claim is secured by hypothecation of vehicles described in the schedule of the OA at page no. 30. Let, a certificate be issued accordingly. Ld. Recovery Officer shall realize the amount as per the Recovery Certificate from the defendant in accordance with law.
	vi)	Ld. Registrar of this Tribunal is directed to deliver recovery certificate in term of the final order/judgment for recovery of the sum against the defendant in favour of the Applicant Bank under Section 19 (22) of the Recovery of Debts due to the Bank and Financial Institutions Act, 1993 now known as Recovery of Debts and Bankruptcy Act, 1993.
	vii) of 202 are also Tribunal (Dictated t and pronou March, 2	The parties are directed to appear before the Recovery Officer on 02/05/2024 for further action in accordance with law in the event the entire amount is not paid by the said date. Accordingly, the Original Application being O.A. No.398 2 is allowed and stands disposed of. All the IAs, if any, disposed of. Copy of the Judgment/Final Order be uploaded in the ’s website. File is consigned to the Record Room. o Stenographer, transcribed by her, corrected, signed nced by me in the open Court on this the day of 19^th 024)

Page No.-

Order Sheet(continuation)

Case No. OA

/398/2022
H

DFC Bank Ltd. vs Akibaddin Sekh

Date of
the order

Order with signature

Office action with
date and dated
signature of parties
when necessary

19/03/202
4

Ld. Advoc
None is p

ate Ms. Mekhala Kanji appears for the applicant bank.
resent on behalf of the Defendant.

Matter
23/02/2024.
The deta
of the order is as
i)
ii)

was heard in open Court on this the day of
iled order in three pages annexed separately. The gist
follows:
O R D E R
Claim of the Applicants is allowed with cost.
The Defendant is liable to pay Rs. 28,93,423.82P
with interest as per contractual rate @ 9.87%
p.a,9.59% p.a. for vehicle loan, @ 17.21% for two
Wheeler loan and @ 8.25% for GECL with monthly
rest from 05.08.2022 against the Defendant till
payment or realization.

iii)
iv)
v)

It is declared that the claim is secured by
hypothecation of vehicles described in the schedule
of the OA at page no. 30.
Let, a certificate be issued accordingly.
Ld. Recovery Officer shall realize the amount as per
the Recovery Certificate from the defendant in
accordance with law.

vi)

Ld. Registrar of this Tribunal is directed to deliver
recovery
certificate
in
term
of
the
final
order/judgment for recovery of the sum against the
defendant in favour of the Applicant Bank under
Section 19 (22) of the Recovery of Debts due to the
Bank and Financial Institutions Act, 1993 now
known as Recovery of Debts and Bankruptcy Act,
1993.

vii)

of 202
are also

Tribunal

(Dictated t
and pronou
March, 2

The parties are directed to appear before the
Recovery Officer on 02/05/2024 for further action
in accordance with law in the event the entire
amount is not paid by the said date.
Accordingly, the Original Application being O.A. No.398
2 is allowed and stands disposed of. All the IAs, if any,
disposed of.
Copy of the Judgment/Final Order be uploaded in the
’s website.
File is consigned to the Record Room.
o Stenographer, transcribed by her, corrected, signed
nced by me in the open Court on this the day of 19^th
024)

Hdfc Bank v. Akibaddin Sekh

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What did the court decide?

What the court decided

Statutes considered

Parties & counsel

Coram

Case details

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