Axis Bank v. Sh. Kapil Gupta
Case brief
What is this about?
The Debts Recovery Tribunal allowed the original application of the applicant bank against the company and its guarantors. The recovery certificate directed repayment of the outstanding dues including interest.
What did the court decide?
Defendants directed to pay Rs.23,97,49,667.64 plus pendentelite and future interest at 12.35% p.a. with costs; recovery certificate issued to Recovery Officer; directions for enforcement through sale
What the court decided
T.A. No. 1357 of 2023
Debts Recovery Tribunal-I, Delhi 4th floor, Jeevan Tara Building, Parliament Street, New Delhi
Presiding Officer: Shri Govind Ballabh Sharma
T.A. No. 1357 of 2023
Axis Bank Limited Corporate Banking Branch 3rd Floor, Plot No.25, Pusa Road, Near Karol Bagh Metro Statioli New Delhi-110005
Applicant
Versus
- Sh.Kapil Gupta s/o Krishan Kumar Gupta R/o Flat No.404, Nagarjuna Apartments Mayur Kunj, Delhi-110096
Also at:
Sh.Kapil Gupta s/o Krishan Kumar Gupta House No.349, Sector-15A Noida, UP
- Smt.Soni•a Kapil w/o Sh.Kapil Gupta R/o Flat No.404, Nagarjuna Apartments Mayur Kunj, Delhi-110096
Also at:
Issues for consideration
3 issues framed by the court
Whether the original application for recovery of debt filed under RDB Act deserves to be allowed.
Whether the defendants are liable to repay the outstanding credit facilities along with interest and costs.
Whether a recovery certificate should be issued to the Recovery Officer for enforcement.
Parties & counsel
- applicant
Axis Bank Limited Customer Banking Branch
- respondent
Sh.Kapil Gupta
- respondent
Smt.Sonia Kapil
- respondent
M/s Delta Electronics
- respondent
Indusind Bank Limited
- respondent
Case details
As recorded by the court registry
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