Uco Bank v. M v Tex
Case brief
What is this about?
The Debts Recovery Tribunal disposed of an application for recovery of loan amounts wherein the parties filed a joint compromise petition settling the dispute for Rs.40,36,217.06 payable in instalments with a stipulation for recovery in case of default.
What did the court decide?
The OA was disposed of in terms of the recorded compromise settlement for Rs.40,36,217.06 payable in monthly instalments.
What the court decided
Fair order
IN THE DEBTS RECOVERY TRIBUNAL-1 AT ERNAKULAM
DATED THIS 04th DAY OF NOVEMBER, 2024
PRESENT: Su. WILLYAHM, B.Sc., M.L.
[DISTRICT JUDGE - Retd] PRESIDING OFFICER
OA No.911/2023
Between
UCO Bank Tirur Branch IRIS Tower, East Bazar Malappuram Road – 676 101
---Applicant Bank
And
- M/s. M. V. Tex Represented by its Proprietor Abdul Gafoor M. V. 9/497 B, C, D, Muttichira Munniyur
Malappuram District – 676 311
Parties & counsel
- applicant
UCO Bank Tirur Branch
- respondent
M/s. M. V. Tex represented by Abdul Gafoor M. V.
- respondent
Abdul Gafoor M. V.
- respondent
Saifuneesa M. V.
Coram
Case details
As recorded by the court registry
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