Idbi Bank v. Yogiraj Sukale
Case brief
What is this about?
The Debts Recovery Tribunal allowed the bank's application for recovery of Rs. 87.52 lakhs against two defendants who defaulted on home and insurance loans, adjusting for penal charges and reducing future interest to 9% p.a.
What did the court decide?
Defendants directed to pay Rs. 87,52,377/- with 9% p.a. future interest; recovery certificate issued; sale of mortgaged property allowed.
What the court decided
Presented on: 04.01.2022 Registered on: 16.03.2022 Decided on: 17.01.2024 Duration: Y M D 2 0 12
IN THE DEBTS RECOVERY TRIBUNAL AT PUNE (Before Shri Dilip G Murumkar, Presiding Officer) ORIGINAL APPLICATION No.657/2022
IDBI Bank Limited,
A company incorporated and registered under the Companies Act, 1956 [1 of 1956] and having its Registered Office at IDBI Tower, WTC Complex, Cuffe Parade, Mumbai-400 005 and having its concerned Branch Offices at – Sadashiv Peth Branch, 562, Sadashiv Peth, Chitrashala Building, Kumthekar Road, Pune-411 030.
… Applicant
Versus
- Mr. Yogiraj Vilas Sukale, S.No.121/122, Rambug Colony, Tulaja Bhawani Tekadi, Kothrud Paud Road, Pune-411 038.
- Mrs. Pallavi Yogiraj Sukale, S.No.121/122, Rambug Colony, Tulaja Bhawani Tekadi, Kothrud Paud Road, … Defendants
Pune-411 038.
APPEARANCES
For the Applicant Mr. Pradip Yadav - Advocate For Defendants Ex parte
Issues for consideration
1 issue framed by the court
Whether the application for recovery of dues from borrowers defaulting on home and insurance loans is maintainable.
Parties & counsel
- applicant
IDBI Bank Limited
- respondent
Mr. Yogiraj Vilas Sukale
- respondent
Mrs. Pallavi Yogiraj Sukale
Coram
Case details
As recorded by the court registry
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