Hdfc Bank v. Jivan
Case brief
What is this about?
Original application filed by HDFC Bank to recover loan dues totaling Rs. 24,11,705.94 along with interest was allowed. The court declared respondents jointly and severally liable for payment and issued a recovery certificate under the RDB Act.
What did the court decide?
Payment of Rs. 24,11,705.94 with simple interest at 12% p.a. and issuance of Recovery Certificate under Section 19(2). Injunction restraining transfer of properties.
What the court decided
DEBTS RECOVERY TRIBUNAL : JABALPUR
(for the States of Madhya pradesh and Chhattisgarh)
(Presiding Officer - Hon'bte Shri Ram Niwas patet)
Original Applicotion No. - 720123
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lwer Patel (West), Mumbai 400013 Appticant
Versus
- Shri Jivan Singh,
- 01 ) 5/o Udhay Singh
- 0Z) Mrs. Ratan Jivan Singh, W/o Jivan Singh
(1 & 2 R/o Vittage-Bhavrasi, Tehsit-Mahidpur, Distt.-Ujjain, M.P. 456443)
- Shri Babutal Gangaram, 5/o Gangaram, R/o Gram Panchayat-Kamtiyakhedi, Haj ratpur, Tehsit-Mahidpur, District- Ujjain (M.P.) 456443 Defendants
CounseI for the Appticant : Shri VipuI Saraswat, Advocate Defendants : Ex-parte
Issues for consideration
3 issues framed by the court
Whether the applicants are entitled to recover the loan amounts along with interest as claimed by the bank.
Whether the mortgaged property and personal assets of the respondents are liable for realization of dues.
Whether the proceedings against the respondents who did not appear should be continued ex-parte.
Parties & counsel
- applicant
HDFC Bank Limited
- respondent
Shri Jivan Singh
- respondent
Mrs. Ratan Jivan Singh
- respondent
Shri Babutal Gangaram
Coram
Case details
As recorded by the court registry
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