Bank of India v. Iranna
Case brief
What is this about?
The Debts Recovery Tribunal Allowed the bank's application against absent defendants for recovery of Rs. 47,51,713/-, directing payment with 9% simple future interest and enforcement of mortgage over two immovable properties.
What did the court decide?
Order allowing the application, directing defendants to pay Rs.47,51,713/- with 9% p.a. future interest, enforcing mortgage, and issuing Recovery Certificate.
What the court decided
Presented on: 22.11.2022 Registered on: 10.04.2023 Decided on: 07.05.2025 Duration: Y M D 02 05 15
IN THE DEBTS RECOVERY TRIBUNAL AT PUNE (Before Shri Dilip G. Murumkar, Presiding Officer) ORIGINAL APPLICATION No.408/2023.
BANK OF INDIA ,
A Body corporate constituted under the provisions of Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 having its Head Office at Star House C-5, G-Block, Bandra Kurla Complex, Bandra (East), Mumbai-400 051, having branch at N.G. Abdulpurkar Complex, Neela Nagar, Samrat Chowk, Solapur.
… Applicant
Versus
1. Mr. Iranna Sidram Nimbargikar Age 77 years, Occ.-Business ,
2. Mr. Mahesh Iranna Nimbargikar Age 37 year, Occ.:- Business,
3. Mrs. Aarti Mahesh Nimbargikar Age 33 years, Occ.:- Business, All R/at 789, North Kasba, Balives, Near Mallikarjun Temple, Kumbhar Wada, Gavandi Galli, Solapur-413 002.
… Defendants
Issues for consideration
2 issues framed by the court
Whether the applicant bank is entitled to recover the outstanding dues from the guarantors and mortgagors ex-parte.
Whether future interest at 9% per annum is reasonable and appropriate.
Parties & counsel
- applicant
Bank of India
- respondent
Iranna Sidram Nimbargikar
- respondent
Mahesh Iranna Nimbargikar
- respondent
Aarti Mahesh Nimbargikar
Coram
Case details
As recorded by the court registry
All orders in this case
2 orders share this CNR
- Order 1 — this page · Dilip G Murumkar
- Order 2 · Dilip G Murumkar
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