Idbi Bank v. Sachin Ambadas
Case brief
What is this about?
In an original application for recovery of bank loans, the Tribunal allowed the bank's claim against joint and several liable defendants, directing payment of the debt with interest and recovery from sale of properties.
What did the court decide?
Directed respondents to pay Rs. 42,73,465.78 with interest/costs and ordered sale of mortgage properties and other assets for recovery; issued Recovery Certificate.
What the court decided
OA 58 of 2023
Registered on: 13.03.2023 Decided on: 30.05.2024
IN THE DEBT RECOVERY TRIBUNAL-I AT MUMBAI ORIGINAL APPLICATION NO. 58 of 2023
IDBI Bank Limited, a company incorporated and registered under the Companies Act, 1956 (1 of 1956) and a banking company within the meaning of Section 5 (c) of the Banking Regulations Act, 1949 (10 of 1949) and having its Registered Office at IDBI Tower, IDBI Bank W.T.C. Complex, Cuffe Parade, Mumbai 400005 and amongst others at Retail Asset Collection & Recovery, Mittal Court, C-wing, 2nd Floor, Nariman Point, Mumbai – 400 021 through its Authorized Officer Shri. Abhishek.
.... APPLICANT
VERSUS
- Sachin Ambadas Jogdankar, an adult Indian inhabitant having address at Aashray C.H.S, Flat-001, Plot No. H-69, Sector-21, Kharghar, Navi Mumbai and also at Jai Tuljabhavani Enterprises, G001, Aashray CHS Sector-21, Kharghar-410210
- Dipa S Jogdankar , an adult Indian inhabitant having address at Aashray C.H.S, Flat-001, Plot No. H-69, Sector-21, Kharghar, Navi Mumbai and also at Jai Tuljabhavani EnterprisesG001, Aashray CHS Sector-21, Kharghar-410210.
...DEFENDANTS
Parties & counsel
- applicant
IDBI Bank Limited
- respondent
Sachin Ambadas Jogdankar
- respondent
Dipa S Jogdankar
Coram
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court