Axis Bank v. Mr Naveen Bhati
Case brief
What is this about?
DRT allowed the bank's original application for recovery of dues of Rs. 37.03 lacs with interest, holding defendants jointly and severally liable after an ex-parte order.
What did the court decide?
Recovery of Rs. 37,03,530/- with interest at 9% p.a., auction of secured assets if not paid within two months, and injunction restraining transfer of properties.
What the court decided
T
DEBTS RECOVERY
LUCKNO
| Date oforderor lroceedin} |
Order withsignatureofcourt | Officeaction t&en withdate |
|
|---|---|---|---|
| OANo.1234/2023 29.08.2025 |
The Judgment pronounced on separate attachedin07 sheets. shee uploaded on Orderbe website. (D (Pravas Presid (Manoj) |
signed and lrately ts.Sep theTril lnal’s bctated) Kurn£,h,gh) ingOfficer |
IN THE DEBTS RECOVERY TRIBUN 4L AT LUCKNO
Present: Pravas Kumar Singh, P esiding Office Case No. Original Application N d. 1234 of 202 Dated: 29.08.202
Axis B,ank Limited having its Retail Assets CenteF at G 4/5, B, Sector -4, Gomti Nagar Extension, Lucknow -226010, throu£h its AuthoFized Representative. .Adpcant Bank
Versus 1. Mr. Naveen Bhati S/o Madan PaI }Singh Bhati R/o House no. A 241, Swaran Nagri, Great8r Noida, Kasana, Gautam B&ddha Nagar, U.P. 201310 Also at : Mr. Naveen Bhati S/o Mad bn Pal Singh Bhati C/o Om Enterprises pldt No 59, Sector 138, Advanta Tower, loida, Gautam Buddha Nagar, U.P. 201310 Mrs :kta Awana C/o Naveen Bha4i R/o House no. A 241, Swaran Nagri, Gteater Noida, Kasana, Gautam Buddha Nagal, u.p 201310 Also a' Mrs. Ekta Awana C/o NaveeqBhat C/o Om Enterprises Plot No. 59, ector 138, Advanta Tower, Noida, G4utam Buddha Nagar, U.P. 201310 ants
Issues for consideration
2 issues framed by the court
Whether the defendants are legally entitled to the debt amount claimed by the bank based on executed documents.
Whether the bank is entitled to recovery of dues and costs failing which auction of secured assets may be ordered.
Parties & counsel
- applicant
Axis Bank Limited
- respondent
Mr. Naveen Bhati S/o Madan Pal Singh Bhati
- respondent
Mrs. Ekta Awana
Coram
Case details
As recorded by the court registry
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