Uco Bank v. Alka Mhetre
Case brief
What is this about?
The Debts Recovery Tribunal allowed the bank's application for recovery. The court directed specific groups of defendants to pay defined sums for various loans, adjusting the future interest rate to 9% per annum, and confirmed security via mortgaged agricultural lands.
What the court decided
Presented on : 10.10.2022 Registered on : 02.04.2023 Decided on : 18.06.2024 Duration : Y M D 01 08 08
IN THE DEBTS RECOVERY TRIBUNAL AT PUNE (Before Shri Dilip G Murumkar, Presiding Officer) ORIGINAL APPLICATION No. 449/2023.
UCO Bank,
A Corporate Body constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act 1970 having its head office at 10, B.T.M. Sarani, Kolkata and branch at – Market Yard, Indapur Road, Baramati, Taluka Baramati, District Pune.
.. Applicant
Versus
- 1 Sou. Alka Ankush Mhetre, Age – Adult, Occ. – Agriculture, R/o – At and Post Kazad, Taluka Indapur, District Pune 413104.
- 2 Shri Pralhad T. Zagade, Age – Adult, Occ. – Agriculture, R/o – At and Post Kazad, Taluka Indapur, District Pune 413104.
- 3 Shri Dattu B. Narute, Age – Adult, Occ. – Agriculture, R/o – At and Post Kazad, Taluka Indapur, District Pune 413104.
(OA No. 449/2023)
Issues for consideration
3 issues framed by the court
Whether the sum of Rs. 36,48,674/- along with future interest is recoverable from the defendants.
Whether the future interest rate of 9% per annum is just and reasonable.
Whether the adjudicated amount is receivable from the respective groups of defendants jointly or severally.
Parties & counsel
- applicant
UCO Bank
- respondent
Sou. Alka Ankush Mhetre
- respondent
Shri Pralhad T. Zagade
- respondent
Shri Dattu B. Narute
- respondent
Shri Ankush Kashinath Mhetre
- respondent
Case details
As recorded by the court registry
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