Bank of Baroda v. Jojo
Case brief
What is this about?
The DRT allowed the bank's application for recovery of over Rs.38 lakhs outstanding as overdraft, term loans, and facility loans. The order permits asset sale for recovery and mandates a recovery certificate.
What did the court decide?
Recovery order allowing the bank to recover Rs.38,60,084/- jointly and severally from defendants with liberty to sell assets and drawing of recovery certificate.
What the court decided
O.A. No. 191 of 2022
21.03.2025
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 21st day of March, 2025
Present: SMT. S.V. GOWRAMMA Presiding Officer
ORIGINAL APPLICATION No. 191 of 2022
Bank of Baroda, Velappanchavadi branch, Munusamy Naicker Avenue, No.126, Poonamalle High Road, Chennai – 600 077
Represented by the Senior Manager ….Applicant
-Vs-
- M/s JOJO, represented by its Proprietor No.49/50, EA Chambers, Whites Road,
Chennai – 600 012
Issues for consideration
1 issue framed by the court
Whether the applicant bank is entitled to recover outstanding dues of overdraft, term loans, and facility loans from the defendants.
Parties & counsel
- applicant
Bank of Baroda, Velappanchavadi branch
- respondent
M/s JOJO
- respondent
Mr.C.V.Vikram Surya Varma
Coram
Case details
As recorded by the court registry
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