Idbi Bank v. Uma Nayak
Case brief
What is this about?
IDBI Bank filed an application under Section 19 for recovery of Rs. 31,01,606 against borrowers and guarantors who failed to liquidate dues. The tribunal allowed the application, directing payment with interest and granting a recovery certificate.
What did the court decide?
Defendants to pay Rs. 31,01,606 with 10.25% simple interest; injunction on transfer of assets; Recovery Certificate to be issued.
What the court decided
DEBTS RECOVERY TRIBUNAL : JABALPUR
(for the States of Madhya Pradesh and Chhattisgarh)
(Presiding Officer - Hon'bte Shri Ram Niwas Patet)
Original Application No.- 39/22
lDBl Bank Ltd., Dev Towers, Civit Lines, Raipur (C.G.)
..... App[icant
Versus
Uma Nayak, 01 ) W/o Shri Harish Nayak
- Shradha Nayak, W/o Shri Chandra Prakash Nayak
- Harish Nayak,
S/o Shri Tarkeshwar Prasad Nayak
(Att R/o 120/1, Viltage-Telga, Daoopara, Tehsi[-Berta, Distt.-Bemtara, C,G. 4913321
..... Defendants
Issues for consideration
2 issues framed by the court
Whether the applicants are entitled to recovery of dues including interest that were advanced as loan facility.
Whether the mortgaged and personal properties of the respondents are liable for realization of the dues.
Parties & counsel
- applicant
IDBI Bank Ltd.
- respondent
Uma Nayak
- respondent
Shradha Nayak
- respondent
Harish Nayak
Coram
Case details
As recorded by the court registry
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