Bank of Baroda v. Jayakandan
Case brief
What is this about?
The Tribunal allowed the application for issuance of a Recovery Certificate. It found the claim proved, admissible, and within limitation, permitting recovery of the dues along with interest from the defendants.
What did the court decide?
Order to pass recovery certificate for Rs. 23,64,244.10 with future and pendente lite interest at 8% simple p.a. from the defendants.
What the court decided
BEFORE THE DEBTS RECOVERY TRIBUNAL –II AT CHENNAI
Dated this 26th day of March, 2024
PRESENT: SHRI T. RAJESH
PRESIDING OFFICER
TA No.238 of 2023
(Originally filed before DRT-I Chennai as OA No.446 of 2020 and thereafter transferred to this Tribunal and renumbered as TA No.557 of 2023)
Bank of Baroda Anguchettipalayam Branch, 116, Salem Main Road, Anguchettipalayam Panruti – 607 110 Rep. by its Chief Manager
… Applicant
Versus
- Mr. K Jayakandan S/o Mr. S. Kaliyaperumal Madha Koil Street Elanthampattu Post, Panruti T K Cuddalore District.
- Mr. S. Kaliyaperumal S/o. Subburayan, Madha Koil Street Elanthampattu Post, Panruti T K Cuddalore District.
Issues for consideration
2 issues framed by the court
Whether the applicant had proved the take-over claim?
What orders are to be passed regarding the recovery of the debt?
Parties & counsel
- applicant
Bank of Baroda Anguchettipalayam Branch
- respondent
Mr. K Jayakandan
- respondent
Mr. S. Kaliyaperumal
- respondent
Mr. A Kathirvel
Coram
Case details
As recorded by the court registry
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