Hdfc Bank v. Rakesh Singh
Case brief
What is this about?
The Debts Recovery Tribunal allowed the applicant bank's application for recovery of dues totaling approximately Rs. 23 lakh. The court held respondents jointly and severally liable and ordered the issuance of a Recovery Certificate.
What did the court decide?
Respondents ordered to pay Rs. 22,94,844.98 plus 12% simple interest; Recovery Certificate issued under Section 19(2).
What the court decided
DEBTS RECOVERY TRIBUNAL : JABALPUR
(for the States of Madhya Pradesh and Chhattisgarh)
(Presiding Officer - Hon'bte Shri Ram Niwas Patet)
Original Application No. - 1097123
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai 400013
Appticant
Ve rsu s
Shri Rakesh Singh, 01 ) S/o Keshav Singh Gurjar, R/o Vittage-Dangra, Tehsit-Ghatigaon,
District-Gwalior(M.P.) 47 4012
- Smt. Girija Gurjar, W/o Rakesh Singh, R/o Ward No.-55, Vittage'Abadpura, Tehsil-Ghatigaon, Distt.-Gwatior(M. P. )474001
- Smt. Sheela Bai Keshav, W/o Keshav Singh, R/o Ward No.-23, Vittage-Abadpura, Tehsit-Ghatigaon, Distt.-Gwatior(M.P.)474001
- Mr. Keshav Singh, 5/o Atar Singh, R/o Vittage-Dangra, Tehsi[-Ghatigaon, District-Gwatior (M.P.) 47 4012 Defendants
Issues for consideration
2 issues framed by the court
Whether the appellants are liable to repay the loan amount with interest.
Whether the bank is entitled to a recovery certificate.
Parties & counsel
- applicant
HDFC Bank Limited
- respondent
Shri Rakesh Singh
- respondent
Smt. Girija Gurjar
- respondent
Smt. Sheela Bai Keshav
- respondent
Mr. Keshav Singh
Case details
As recorded by the court registry
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