Idbi Bank Ltd. v. P.Duraibabu
Case brief
What is this about?
The Tribunal allowed an application under Section 19(1) of the RDB Act. The bank proved a loan claim of Rs. 27.46 lakhs secured by property mortgage. Recovery Certificate was issued with interest at 9% p.a.
What did the court decide?
Recovery Certificate issued for Rs. 27.46 lakhs with 9% p.a. future and pendentelite interest; sale of mortgaged property directed.
What the court decided
IN THE DEBT RECOVERY TRIBUNAL –II CHENNAI
Dated this 5th day of February, 2024
PRESENT: SHRI T.RAJESH PRESIDING OFFICER
T.A.No.870 of 2023
(Old OA.No.475/2019-DRT-I, Chennai)
IDBI Bank Ltd., Rep. by its Branch Head, Tirupathur Branch, Having Office at: No.14, Pudupet Road, Tirupathur – 635 601. …Applicant.
Vs.
- P.Duraibabu, No.4/440 Kollakottai, Lalapettai (PO), Andiyappanur Village, Vaniyambadi Taluk, Vellore District.
- D.Paneerselvam, No.596, TNHB: Phase – 1, Tirupathur – 625 601. …Defendants. Counsel for Applicant : M/s.R.Palani Kumar Ramesh Defendants : Exparte. …..
ORDER
- The Application is filed Under Section 19(1) of the Recovery of Debts
Issues for consideration
2 issues framed by the court
Whether the applicant had proved the TA claim?
What orders are to be passed?
Parties & counsel
- applicant
IDBI Bank Ltd. Rep. by its Branch Head
- respondent
P.Duraibabu
- respondent
D.Paneerselvam
Coram
Case details
As recorded by the court registry
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