Yes Bank v. Pregash
Case brief
What is this about?
This order allows an original application filed by Yes Bank against the respondent for recovery of dues arising from a working capital facility default, treating the respondent as a guarantor.
What did the court decide?
Recovery of Rs.34,55,193.88 including interest; liberty to sell defendant's assets; issuance of Recovery Certificate.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 28th day of May, 2025
Present: SMT. S.V. GOWRAMMA Presiding Officer
ORIGINAL APPLICATION No. 273 of 2022
M/s. Yes Bank Ltd. Pondicherry Branch Door No.24, Part Gr & 1st Floor, Block 10, Ambalathadayar Madam Street, Puducherry – 605 001 Rep. by its Authorised Signatory. ….Applicant
-Vs-
K. Pregash, S/o. Kaliyaperumal, No.29A, Salai Mariamman Koil Street, Muthialpet, Pondicherry – 605 008. …Defendant
Counsels on record / appeared:
Counsel for Applicant : M/s. Kvp. Deepak Raj
Defendant was set ex-parte on 07.10.2022
: - FINAL ORDER - :
Issues for consideration
2 issues framed by the court
Whether the debtor/respondent is liable to repay the outstanding amount and interest from the loan account.
Whether the guarantor/respondent is liable for the defaulted loan amount.
Parties & counsel
- applicant
M/s. Yes Bank Ltd.
- respondent
K. Pregash
Coram
S.V. Gowramma
Case details
As recorded by the court registry
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