The Debts Recovery Tribunal adjudicated the bank's application for recovery of a housing loan principal and interest. The defendants failed to appear, and upon perusing the evidence, the Tribunal allowed the application for recovery, declaring liability as joint and several.
Recovery of Rs. 32,69,657/- with interest @9.10% p.a. from 13.02.2023; Recovery Certificate issued.
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IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 333 of 2023 Date of Institution: 13.02.2023 Date of Decision: 26.03.2025
Bank of India, having its branches all over India and a branch at #45, The Mall Shimla, Himachal Pradesh.
……..Applicant Vs.
Advocates
Sh. Jatinder Kumar Sharma, Counsel for the applicant bank. Defendants - ex parte .
OA for the Recovery of Rs. 32,69,657/- with interest @9.10% per annum with monthly rests from 13.02.2023.
ORDER
2
2 issues framed by the court
Whether the bank proved its case for recovery of the loan amount and interest against the defendants.
Whether the defendants can be proceeded ex parte for default in appearance.
2 provisions across 1 enactments
Bank of India
Rakesh Kumar s/o Sh. Atma ram
Dharam Prakash s/o Sh. Meena Ram
A S NARANG
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
