Axis Bank v. M/S S. G. L. Traders
Case brief
What is this about?
Debts Recovery Tribunal allowed the bank's Original Application for recovery of dues. The court ordered defendants to pay the principal amount plus simple interest at 7% per annum and issued a Recovery Certificate.
What did the court decide?
Recovery of Rs. 74,72,002 with simple interest at 7% per annum w.e.f. 16.02.2023 via Recovery Certificate.
What the court decided
DEBTS RECOVERY TRIBUNAL-2, CHANDIGARH, PRESIDED OVER BY M.M. DHONCHAK
ORIGINAL APPLICATION NO.688/2023
DATE OF INSTITUTION: 16.12.2023 DATE OF DECISION: 22nd DAY OF JANUARY, 2024
AXIS BANK Limited , having its registered office at Trishul, Third Floor, Opposite Samartheswar Temple, also at Law Garden, Ellisbridge, Ahmedabad, Gujrat, Axis Bank, Loan Centre, SCO Nos. 367-368, Sector-34-A, Chandigarh-160022, through its Authorised
Representative, Sh. Aditya Arya
….. Applicant
Versus
- M/s S.G.L. Traders, through its Proprietor, Sh. Ravi Kant Sharma, Daya Nand School Ke Pichhe, Krishna Colony, Hodel, Palwal121106
- Sh. Ravi Kant Sharma s/o Sh. Giraaj Sharma, House No.1404, Ward No.3, Krishna Colony, Hodal Palwal, Haryana-121106
- Smt. Anita Devi w/o Sh. Giraaj Sharma, House No.1404, Ward No.3, Krishna Colony, Hodal Palwal, Haryana-121106
Issues for consideration
2 issues framed by the court
Whether the Original Application filed for recovery of dues amounts to be allowed.
Whether the claims of the defendant Nos. shall be joint and several.
Parties & counsel
- applicant
AXIS BANK Limited
- respondent
M/s S.G.L. Traders
- respondent
Sh. Ravi Kant Sharma
- respondent
Smt. Anita Devi
Coram
Case details
As recorded by the court registry
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