Hdfc Bank v. Nirpat Ram
Case brief
What is this about?
In an ex parte order, the DRT allowed an application by HDFC Bank Ltd. for recovery of approximately Rs.33.53 lakhs with interest against two defendants who defaulted on agricultural loans secured by mortgaged land, directing the issuance of a Recovery Certificate.
What did the court decide?
Application for recovery amount and interest allowed; Recovery Certificate issued; Proceeds of mortgaged property to be distributed by Recovery Officer.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 368 of 2023 Date of Institution: 16.02.2023 Date of Decision: 01.07.2025
HDFC Bank Ltd., having branches all over India having a branch office at Wahabwala, Punjab.
……..Applicant Vs.
- Nirpat Ram S/o Sultan Ram, Shere Wala, Shere Wala Abohar Fazilka Abohar, Punjab-152116.
- Jai Singh S/o Krishan Lal, Shere Wala, Shere Wala Abohar Fazilka Abohar, Punjab-152116.
……….Defendants
Advocates
Mr. Munish Luthra proxy counsel for Sh. Iqbal Mohammed, Counsel for the applicant bank.
Defendants - Ex parte.
OA for the Recovery of Rs.33,53,974.98p with interest @12% per annum with half yearly rests from the date of filing the present application i.e. 16.02.2023.
Issues for consideration
2 issues framed by the court
Whether the applicant bank's application for recovery of outstanding dues under Section 19 of the RDB Act is allowed.
Whether the defendants are liable for joint and several recovery including mortgage property sale proceeds.
Parties & counsel
- applicant
HDFC Bank Ltd.
Coram
A S Narang
Case details
As recorded by the court registry
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