Federal Bank v. Hilari Jose Alias Saji Joseph Alias Hilari Joseph
Case brief
What is this about?
The Tribunal allowed an original application filed by The Federal Bank Ltd. for recovery of an agricultural loan amount of Rs.24,09,001.03 along with pendente lite and post-decree interest from the defendant, directing issue of a Recovery Certificate.
What did the court decide?
Recovery of Rs.24,09,001.03, pending and post-decree interest at 6% per annum on Rs.22,30,181.31, and issue of Recovery Certificate.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-2, KERALA AT ERNAKULAM
PRESENT: SRI.SOVAN KUMAR DASH PRESIDING OFFICER
Dated this the 14th day of July, 2025
ORIGINAL APPLICATION No.274/2022
Between
The Federal Bank Ltd., Upputhara Branch, Methranparampil Buildings, Main Road, Upputhara, Idukki District – 685 505. ...Applicant
And
Hilari Jose alias Saji Joseph alias Hilari Joseph, S/o.Joseph, Vechoor House, 63rd Mile, Chottupara P.O., Idukki District – 685 533. …Defendant
This Original Application having been heard on 25.06.2025 in the presence of Advocates M/s.Varughese Cherian, Jayakala S. and Manju Lahithan E.R. for the applicant bank and the defendant being absent and stood over to this day for consideration, the Tribunal delivered the following:
F I N A L O R D E R
This Original Application has been filed under S.19(1) of the Recovery of Debts and Bankruptcy Act, 1993 for recovery of a
Issues for consideration
2 issues framed by the court
Whether the applicant bank is entitled to recovery of the outstanding amount and interest.
Whether the interest rate should be adjusted to exclude penal interest.
Parties & counsel
- applicant
The Federal Bank Ltd.
- respondent
Hilari Jose alias Saji Joseph
Coram
Sovan Kumar Dash
Case details
As recorded by the court registry
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