Idbi Bank v. Bisahu
Case brief
What is this about?
Debts Recovery Tribunal allowed the bank's original application for recovery of Rs. 24.73 lakhs sanctioned as a KCC loan. The court declared the defendants jointly and severally liable and directed the sale of mortgaged property for realization of dues.
What did the court decide?
Defendants to pay Rs. 24,73,013.61 with interest @10% p.a.; Recovery Certificate issued; Injunction on property alienation.
What the court decided
a
DEBTS RECOVERY TRIBUNAL : JABALPUR
(for the States of Madhya Pradesh and Chhattisgarh)
cAtAP COURT AT RATPUR (C.c.)
(Presiding Officer - Hon'bte Shri Ram Niwas Patet)
Original Application No. - 671 122
lDBl Bank Ltd., Bhilai, Distt.-Durg (C.G. )
..... Appticant
Versus
- Shri Bisahu, S/o Late Jivrakhan Sahu
- Shri Chaintal Sahu, S/o Shri Bisahu
(Both at Vittage-Khapri,
Gram Panchayat-Parasbod, Teshit-Dhamdha, Distt.-Durg, C.G. 491331)
Issues for consideration
2 issues framed by the court
Whether the application for recovery of loan dues is maintainable and liable to be allowed.
Whether the defendants are jointly and severally liable to pay the claimed amount along with interest.
Parties & counsel
- applicant
LDBI Bank Ltd., Bhilai
- respondent
Shri Bisahu
- respondent
Shri Chaintal Sahu
Coram
Case details
As recorded by the court registry
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