Uco Bank v. Sh Vikas
Case brief
What is this about?
The Debts Recovery Tribunal heard an application by UCO Bank for recovery of dues. The bank proved the advance of various loans and the outstanding amount. The Tribunal allowed the application, ordered joint and several liability, and directed issuance of a Recovery Certificate.
What did the court decide?
Application for recovery of debts and interest allowed. Recovery Certificate issued. Order directed sale of mortgaged property and distribution of proceeds.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 1768/2022 Date of Institution: 29.08.2022 Date of Decision: 21.08.2025
UCO Bank having its branches all over India and a branch at Nigam Vihar, Shimla, District Shimla, Himachal Pradesh.
……..Applicant
Vs.
- Sh. Vikas s/o Sh. Sohan Singh, Partner M/s Ambika Beverage Co., at Village Kiar, P.O. Beolia, Tehsil & District Shimla, Himachal Pradesh.
- Sh. Madan Thakur s/o Sh. Jai Singh, Partner M/s Ambika Beverage Co., at Village Devghori P.O. Salana, Tehsil & District Shimla, Himachal Pradesh.
- M/s Ambika Beverage Co. through its partners Sh. Vikas and Sh. Madan Thakur, at Village Kiar, P.O. Beolia, Tehsil & District Shimla, Himachal Pradesh.
……….Defendants
Advocates
Issues for consideration
1 issue framed by the court
Whether the bank successfully proved the existence of loans and the outstanding dues against the defendants.
Parties & counsel
- applicant
UCO Bank
- respondent
Sh. Vikas
- respondent
Sh. Madan Thakur
- respondent
M/s Ambika Beverage Co.
Coram
Case details
As recorded by the court registry
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