Bank of India v. Somnath
Case brief
What is this about?
The Debts Recovery Tribunal allowed the Bank of India's application for recovery of aggregate dues of Rs.49,24,901 along with future interest. The court decreed payment by the defendants and authorized the sale of mortgaged property.
What did the court decide?
Defendants to pay Rs.49,24,901 with future interest at 9% p.a.; right to sell mortgaged property granted; Recovery Certificate issued.
What the court decided
Presented on: 27.07.2022 Registered on: 28.03.2023 Decided on: 03.06.2024 Duration: Y M D 1 10 7
IN THE DEBTS RECOVERY TRIBUNAL AT PUNE (Before Shri Dilip G. Murumkar, Presiding Officer) ORIGINAL APPLICATION No.440/2023
Bank of India
A Body Corporate constituted under The Banking Companies (Acquisition and Transfer of Undertakings) Act V of 1970 having its Head Office at STAR HOUSE C-5, G Block, Bandra Kurla Complex, Bandra (East), Mumbai and a branch office amongst other places at Vijapur Road Branch, Taluka & District Solapur.
… Applicant
Versus
1. Mr. Somnath Kashinath Koli R/at Hattur, Taluka South Solapur, District Solapur.
- Mr. Kashinath Namdev Koli R/at Hattur, Taluka South Solapur, District Solapur.
… Defendants
APPEARANCES
For the Applicant Mrs. Rajashree Thaakar - Advocate For Defendants Ex parte
Issues for consideration
2 issues framed by the court
Whether the applicant bank is entitled to recover the outstanding loan dues and future interest from the defendants given their failure to repay.
Whether the relief regarding hypothecated assets should be granted in the absence of detailed description.
Parties & counsel
- applicant
Bank of India
- respondent
Mr. Somnath Kashinath Koli
- respondent
Mr. Kashinath Namdev Koli
Coram
Case details
As recorded by the court registry
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