Idbi Bank v. Dinesh M G
Case brief
What is this about?
The Tribunal allowed the bank's application seeking a Recovery Certificate for an outstanding home loan amount. Due to the defendants' absence and uncontroverted evidence, liability was confirmed, with the court reducing the interest rate to 8% p.a. for housing purposes.
What did the court decide?
Recovery Certificate issued for Rs. 36,76,880/-(Simple interest at 8% p.a.).
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, KARNATAKA AT BENGALURU
Dated this 22nd Day of August, 2025
Present: Sri. T. RAJESH Presiding Officer OA.No.233/2022
BETWEEN:
The IDBI Bank Limited, A retail recovery branch office at No.58, Mission Road, Bangalore- 560027, In the state of Karnataka, Represented through its Deputy General Manager, Hemant Kumar Patra Of the Applicant Bank.
…APPLICANT
AND:
- Sri Dinesh M G, S/o Sri Govind, #47, 6th Cross, Byaraveshwara Nagar, Moodalapalya, Nagarbhavi Main Road, Bangalore- 560072.
Also at:
Flat No. B202, PRN Pride, B Block, Attibele Road, Indlabele Village- 562106, Anekal Taluk, Bangalore District.
- Smt Pavithra H V, W/o Sri Dinesh M G, #47, 6th Cross,
Issues for consideration
2 issues framed by the court
Whether the applicant succeeded in proving the claim as against the defendants ex parte?
What order should be passed regarding the issuance of Recovery Certificate?
Parties & counsel
- applicant
The IDBI Bank Limited
Coram
T. Rajesh
Case details
As recorded by the court registry
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