Hdfc Bank v. Mani Sundar
Case brief
What is this about?
The Debt Recovery Tribunal allowed an application under Section 19 of the RDB Act for recovery of Rs. 37,06,010.88 along with interest. The bank proved the default in an auto loan; the respondent was ex parte. A recovery certificate was directed.
What did the court decide?
Recovery of Rs. 37,06,010.88 principal with pendentelite interest at 9.36% p.a. from filing date; issuance of Recovery Certificate to proceed against assets.
What the court decided
IN THE DEBT RECOVERY TRIBUNAL –II CHENNAI Dated this 2nd day of February, 2024
PRESENT: SHRI T.RAJESH PRESIDING OFFICER
T.A.No.669 of 2022
(Old OA.No.232/2021-DRT-I, Chennai)
HDFC Bank Ltd, IFSC Code: HDFC0000441 PAN No: AAACH2702H “Ceebros”, No: 110, 4th Floor, Nelson Manickam Road, Aminjikarai, Chennai – 600 029
…Applicant
Vs.
Mr. PNA Mani Sundhar, PAN No: AALPM6843J, S/o. PernaduNalachakravarthy, No. G, 12th Street, Anna Nagar East, Chennai, Tamil Nadu – 600 102
Also at: Mr. PNA Mani Sundhar, 161, Bells Road, Chepauk, Chennai – 600 005 …Defendant Counsel for Applicant : M/s. Deepa Harigovind Defendants : Exparte. …… ORDER
1
- The above Original Application is filed under section 19 of the Recovery of Debts and Bankruptcy Act seeking recovery of Rs. 37,06,010.88p with further interest from the date of filing of the TA and for sale of schedule mentioned hypothecated property along with costs.
Issues for consideration
2 issues framed by the court
Whether the applicant bank had succeeded in proving the TA claim?
What orders are to be passed upon allowance of the claim?
Parties & counsel
- applicant
HDFC Bank Ltd
- respondent
Mr. PNA Mani Sundhar
Coram
T. RAJESH
Case details
As recorded by the court registry
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