DRT-I, Mumbai allowed the Applicant Bank's Original Application against the Defendant for recovery of an outstanding auto loan sum of approximately Rs. 30.68 Lakh with interest, finding the bank's evidence and documents fully established the case.
Defendant directed to pay Rs.30,68,691/- with interest; recovery from sale of assets if not paid; prohibit dealing with properties.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
TA No. 50 of 2023
Registered on : 12.05.2023 Decided on : 25.01.2024
IN THE DEBT RECOVERY TRIBUNAL-I AT MUMBAI TRANSFER APPLICATION NO. 50 of 2023
IDBI BANK LIMITED, a company incorporated and registered under the companies act, 1956 and a company within the meaning of section 2 (20) of the Company Act 2013 (Act 18 of 2013) and a banking company within the meaning of section 5 (c) of the banking regulations act 1949 and having its Registered office at IDBI Tower, IDBI Bank, W.T.C. Complex Cuffe Parade, Mumbai – 400005 and amongst others Turner Road, Bandra which has now being handled by the at Retail Recovery Department, IDBI Zonal Office, Mittal Court, C-Wing, 2nd Floor, NariPoint, Mumbai – 400021 through its authorized officer Shri. Sanjay Valechha – Deputy General Manager.
...APPLICANT
VERSUS
MAMTA ANJUKUMAR MISHRA, an adult Indian inhabitant having address at Flat No.1003, 10th Floor, Mirabilis Building, Sector No.R/12, near Chandivali Mahada, Police Station, Nahar’s Amrit Shakti, Saki Naka, Powai, Mumbai – 400072.
...DEFENDANTS
_____________________________________________ Counsel for the Applicant : Advocate Vinod Sakpal i/b M/s. Milan Bhise & Co. Counsel for the Defendant : Ex-Parte
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J U D G M E N T
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spares, accessories and the charge by way of hypothecation was created by the Applicant on the said vehicle.
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O R D E R
Place: Mumbai. (Dr. Rekha G. Dhakar) Date : 25.01.2024 Presiding Officer, DRT-1, Mumbai
SP/-
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1 issue framed by the court
Whether the outstanding loan amount and interest claimed by the bank are payable by the defendant.
2 provisions across 2 enactments
IDBI Bank Limited
Dr. Rekha G. Dhakar
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
