Idbi Bank v. Jasmine
Case brief
What is this about?
The DRT-I Mumbai allowed the bank's original application, directing the defendant borrower to pay outstanding home loan and insurance premium dues including interest within 60 days, with provisions for recovery from assets and issuance of a recovery certificate.
What did the court decide?
Direction to pay Rs. 29,93,245.32 plus interest within 60 days; recovery from sale of assets; defendant prohibited from dealing with properties; issuance of Recovery Certificate.
What the court decided
OA 747 of 2022
Registered on:22.12.2022
Decided on: 22.03.2024
IN THE DEBT RECOVERY TRIBUNAL-I AT MUMBAI ORIGINAL APPLICATION NO. 747 of 2022
IDBI BANK, A company incorporated and registered under Indian Companies Act, 1956 [1/1956] and also a banking company under section 5[C] of Banking Regulation Act of 1949 [10/1949], having its head office at IDBI Tower, WTC Complex, Cuffe Parade, Mumbai - 400 005, and one of its Retail Asset Center (RAC) Andheriand to Retail Recovery Department, IDBI Zonal Office, 2nd Floor, "C" Wing, Mittal Court, Nariman Point, Mumbai400 021.
…. APPLICANT
VERSUS
MS. JASMINE T. PANJWANI (Borrower) 1. Fir Dosh Manzil Flat No.-03 1 Floor, Behamji Road Mumbai, Bandra West, Band Stand Mumbai, Maharashtra400050. 2. Flat No. 305, 3rd Floor, Bld 01, B Wing, Gagangiri Hills, Khopoli, Khalapur, Raigad, Pin-410 203. … DEFENDANT _____________________________________________ Counsel for the Applicant : Advocate Harsh Gutka i/b Anup Khaitan & Co. Counsel for the Defendant : Ex-parte
1
OA 747 of 2022
Issues for consideration
1 issue framed by the court
Whether the debt recovery tribunal should allow the original application filed by the bank for recovery of home loan dues.
Parties & counsel
- applicant
IDBI BANK
Coram
Dr. Rekha G. Dhakar
Case details
As recorded by the court registry
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