Bank of India v. Eknath Dhawal
Case brief
What is this about?
The Debts Recovery Tribunal allowed an application filed by Bank of India for recovery of dues against the defaulting borrower, the sugar company, and the guarantor, who were absent from the proceedings.
What did the court decide?
Payment of Rs. 13,46,593/- and interest at 9% p.a. from the date of application; issuance of Recovery Certificate.
What the court decided
Presented on: 29.08.2018 Registered on: 13.01.2023 Decided on: 19.09.2025 Duration: Y M D 07 -- 14
IN THE DEBTS RECOVERY TRIBUNAL AT PUNE (Before Shri Dilip G. Murumkar, Presiding Officer) ORIGINAL APPLICATION No.14/2023.
BANK OF INDIA ,
A Body corporate constituted under the provisions of Banking Companies (Acquisition and Transfer of Undertakings) Act,1970 having its Head Office at Star House C-5, G - Block, Bandra Kurla Complex, Bandra (East), Mumbai-400 051, having branch at Post Kurul, Taluka Mohol, District Solapur-413 213, known as Kurul Branch. Versus
- … Applicant
1. Mr. Eknath Shankar Dhawal Age Adult, Occ.:- Agriculture,
2. M/s Bhima Sahakari Sakhar Karkhana Ltd. Takli Sikandar, Address- At Takali Sikandar, Taluka-Mohol, District Solapur-413 248.
3. Mr. Atmaram Eknath Dhawal Age Adult, Occ.:- Agriculture, 1& 3 - R/at Post Dhalewadi, Tal.- Patoda, District Beed – 414 204.
… Defendants
APPEARANCES
Issues for consideration
2 issues framed by the court
Whether the debts recovery tribunal should allow the applicant bank's claim for recovery of outstanding loan dues and interest.
Whether future interest should be granted at a rate different from the bank's claim.
Parties & counsel
- applicant
Bank of India
- respondent
Mr. Eknath Shankar Dhawal
- respondent
M/s Bhima Sahakari Sakhar Karkhana Ltd. Takli Sikandar
- respondent
Mr. Atmaram Eknath Dhawal
Coram
Case details
As recorded by the court registry
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