Axis Bank v. Hakam Singh
Case brief
What is this about?
The Tribunal allowed the Applicant Bank's Originat Application filed under S. 19 RD&A for recovery from the Defendant. The Court fixed interest at 12% p.a. and issued a Recovery Certificate with an injunction on the Defendant's assets.
What did the court decide?
Order to pay Rs. 21,81,679.70 with interest @12% p.a. simple, costs, and future interest. Injunction on disposing of assets. Recovery Certificate to be issued.
What the court decided
DEBTS RECOVERY TRIBUNAL : JABALPUR (for the States of Madhya pradesh and Chhattisgarhl
(Presiding Officer - Hon,bte Shri Ram Niwas patet)
Originol Application No. _ 1344/22
Axis Bank, Nagda, Ujjain (M.p.)
..... Appticant
Versus
Shri Hakam singh, 5/o Padam Singh, 9l:T,-?3"y"d1,post_rutiyakhedi, r ehsit-Nagda, Otstt._Ujjain (rt.p.i qSUqO
Defendant
Counset for the Appticant : Shri Rahut Dubey, Advocate Defendant : Ex-parte
JUD GM ENT
(Dated : 15th April,2025)
- The Appticant-Bank has fited the present Originat Apptication uls 19 of Recovery of Debts and Bankruptcy Act on 31 /10/22against the Defendant for recovery of Rs, 21,g1 ,67g.70 (Rupees Twenty One Lakh, Eighty One Thousand, Six Hundred Seventy Eight and pai: sa seventy onty) atong with interest and other retiefs as stated.
Issues for consideration
2 issues framed by the court
Whether the Defendant is liable to pay the claimed loan amount along with interest and costs?
Whether the Applicant Bank is entitled to sale of mortgaged and personal properties for recovery of dues?
Parties & counsel
- applicant
Axis Bank, Nagda, Ujjain (M.p.)
Coram
Shri Ram Niwas patet
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court