Federal Bank v. Suresh
Case brief
What is this about?
DTAT allowed the bank's application for recovery of outstanding dues. The court affirmed the claim of Rs.38,80,938/- (deducting penal interest) and granted future interest at 8.15% per annum, directing sale of mortgaged property.
What did the court decide?
Allowed claim of Rs.38,80,938/- plus future interest at 8.15% p.a. Directed sale of mortgaged property and issuance of Recovery Certificate.
What the court decided
Presented on .. 16.07.2022 Registered on .. 10.02.2023 Decided on .. 30.07.2025 Duration .. Y—M—D 03--00--14
IN THE DEBTS RECOVERY TRIBUNAL AT PUNE (Before Shri Dilip G. Murumkar, Presiding Officer) ORIGINAL APPLICATION No. 158/2023.
The Federal Bank Limited, A Banking Company within the meaning of Companies Act, 2013 (18/2013), having its registered office at Federal Towers, Bank Junction, Alwaye, Ernakulum District, Kerala and branch at – Plot No.1, Vijay Marg, New Panvel, Sector 19, Opposite Fire Station Maharashtra, Panvel 410 206.
… Applicant
Versus
- 1 Mr. Suresh Khajappa Patole, Age - Adult, Occ. - Service, R/o : Flat No. 602, B Wing, Shakuntala Paradise, Shivaji Chowk, Village Nilje, Lodha Heaven, Dombivli (East) 421 201 And at
Z-1, Flat No. 220, Balaji Nisarg, Gate No. 48, Ahmednagar Road, Shirsawadi, Vadebolhai, Wagholi, Pune 412 207 And at
C-307, Motiram Emperia, Lodha Heaven, Nilje, Dombivli East, District Thane 421 201.
Sanap ( OA No. 158/2023 ) 1 of 5
- 2 Mrs. Vijaylaxmi Suresh Patole, Age - Adult, Occ. - Service, R/o : Flat No. 602, B Wing, Shakuntala Paradise, Shivaji Chowk, Village Nilje, Lodha Heaven, Dombivli (East) 421 201 And at Z-1, Flat No. 220, Balaji Nisarg, Gate No. 48, Ahmednagar Road, Shirsawadi, Vadebolhai, Wagholi, Pune 412 207 And at C-307, Motiram Emperia, Lodha Heaven, Nilje, Dombivli East, District Thane 421 201. … Defendants
Parties & counsel
- applicant
Federal Bank Limited
- respondent
Suresh Khajappa Patole
- respondent
Vijaylaxmi Suresh Patole
Coram
Case details
As recorded by the court registry
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