Hdfc Bank v. Puneet Saini
Case brief
What is this about?
DRT-I, Delhi disposed of an original application filed by HDFC Bank Ltd. for recovery of dues against a non-appearing defendant, verifying documents and awarding recovery with reduced interest.
What did the court decide?
Directing defendant to pay Rs.92,15,422.71 with future interest at 12% p.a. and costs, to be recovered from hypothecated assets or properties.
What the court decided
O.A. No. 274 of 2024
Debts Recovery Tribunal-I, Delhi 4th floor, Jeevan Tara Building, Parliament Street, New Delhi
Presiding Officer: Shri Govind Ballabh Sharma
O.A. No.274 of 2024
HDFC Bank Ltd.
Department for Special Operations Ground Floor, Gulab Bhawan 6, Bahadur Shah Zafar Marg New Delhi-110002
P pplicant
Versus
Mr. Puneet Saini s/o Sh. Sumer Singh Proprietor of M/s K.N. Traders 1st Floor, Shop no.6 Devi Sahai Market, Sector-37 Anangpur, Faridabad Haryana-121003
Also at:
House No.602, Tower-I Indraprastha Apartments Sector-30-33, Amar Nagar, Faridabad, Haryana Defendant
Present: Shri M.K.Jha, Counsel for the applicant bank
Issues for consideration
2 issues framed by the court
Whether the tenant applicant bank is entitled to recovery of loan dues as the defendant failed to regularize the account.
Whether interest at 12% p.a. should be awarded considering global interest rate fall.
Parties & counsel
- applicant
HDFC Bank Ltd.
Coram
Govind Ballabh Sharma
Case details
As recorded by the court registry
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