Idbi Bank v. Surendra Kumar
Case brief
What is this about?
The Debts Recovery Tribunal allowed the bank's application for recovery of outstanding home loan dues from the borrowers. The court decreed the principal amount along with interest and authorized the sale of mortgaged properties.
What did the court decide?
The respondent-defendants were directed to pay Rs. 23,53,373.00 with interest and costs; mortgaged and personal properties were made liable for sale to realize dues; a Recovery Certificate was ordered
What the court decided
DEBTS RECOVERY TRIBUNAL JABALPUR
(for the States of Madhya Pradesh and Chhattisgarh)
(Presiding Officer - Hon'bte Shri Ram Niwas Patel)
Original Applicotion No. - 909122
lDBl Bank Ltd., Ptot No.-226, Power House Road, Transport Nagar, Korba (C.G.)
Appticant
Versus
Mr. Surendra Kumar, 01 ) 5/o Darshan La[
- Mrs. Kata Baghel, W/o Surendra Kumar
(Both at House No.-5F 564, Ward No.-19, CSEB Colony, Korba, C.G. 495677) Defendants
Counsel for the Applicant : Shri Abhinav S. Kherdikar, Advocate Defendants : Ex-parte
JUDGMENT lD a t e d : ii-D ece m b e r, 20 2 4)
Issues for consideration
2 issues framed by the court
Whether the defendants are jointly and severally liable for the outstanding home loan dues?
Whether interest at the claimed rates should be granted on the principal amount?
Parties & counsel
- applicant
IBI Bank Ltd.
- respondent
Mr. Surendra Kumar
- respondent
Mrs. Kata Baghel
Coram
Case details
As recorded by the court registry
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