Union Bank of India v. K.Ramesh
Case brief
What is this about?
Allowed a tangible claim for Rs.13,46,840 with future interest at 8% p.a. and directed issuance of a recovery certificate against education loan defaulters.
What did the court decide?
Recovery of Rs.13,46,840 with future and pendentelite interest at 8% p.a. (simple); issuance of recovery certificate.
What the court decided
IN THE DEBT RECOVERY TRIBUNAL –II CHENNAI Dated this 6th day of March, 2024
PRESENT: SHRI T.RAJESH PRESIDING OFFICER
TA.No.655 of 2023
(Old OA.No.824/2019 - DRT-I, Chennai)
Union Bank of India, Formerly Corporation Bank, Madur Branch, Rep. by its Manager, Sagar Sambhaji Patil, Veeracholapuram, Durgam Main Road, Madur Post, Madur – 606 206. Kallakurichi Taluk, Villupuram District. … Applicant.
Vs.
- K.Ramesh, S/o.C.Kamaraj, No.687, Mariyamman Street Colony, Thandalai, Kallakurichi – 606 205.
- Mr.C.Kamaraj, S/o.Chinnapaiyan, No.687, Mariyamman Street Colony, Thandalai, Kallakurichi – 606 205. … Defendants. Counsel for Applicant : Mr.A.Arun Babu. Defendants : Exparte.
ORDER
- The Application is filed Under Section 19 (1) of the Recovery of Debts
And Bankruptcy Act, 1993 seeking for issuance of a Recovery
Issues for consideration
2 issues framed by the court
Whether the applicant had proved the tangible claim?
What orders should be passed regarding the recovery certificate?
Parties & counsel
- applicant
Union Bank of India
- respondent
K.Ramesh
- respondent
C.Kamaraj
Coram
Case details
As recorded by the court registry
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