Idbi Bank v. Neelam Singh
Case brief
What is this about?
The Debt Recovery Tribunal allowed the bank's application for recovery of a KCC loan of Rs. 31.59 lakh from the guarantors and legal heirs of the deceased borrower, ordering payment with interest and issuance of a recovery certificate.
What did the court decide?
The defendants were directed to pay Rs. 31,59,148.82 along with interest and costs; an injunction was issued against alienating the mortgaged and personal properties; a recovery certificate under s. 1
What the court decided
DEBTS RECOVERY TRIBUNAL : JABALPUR
(for the States of Madhya Pradesh and Chhattisgarh)
(Presiding Officer - Hon'bte Shri Ram Niwas Patet)
Originol Application No. - 507/23
lDBl Bank Ltd., BLock-6, WB-1, Dr. Khub Chand Bhaghet, Transport Nagar, Rawabhata, Urta lndustrial Area, Raipur, C.G. 493221
Appticant
Versus
- Neelam ..... Deceased Thrugh Legal Heris (A) Shri Rahut, S/o Late Raj Singh (B) Shri Nishant, S/o Late Raj Singh
(Both R/o H.N.-127, Ward No.'13, Abadi Para, Patharpunji, Distt.-Bemetara, C.G. 491 332)
- Shri Jugmander Singh, 5/o Hari Singh, Narwal Agro Farm, Vitlage-Uphara, Tehsi[-Berla, District-Bemetara(C.G.) 490036
- Shri Mohit Singh, S/o Shri Satyawan, Vittage-Bharchatti, Tehsit'Berta(Patora), Distt.-Bemetara(C.G. ) 490036
Issues for consideration
3 issues framed by the court
Whether the Original Application for recovery of dues should be allowed.
How the liability of legal heirs of the deceased principal borrower should be treated.
Whether an injunction should be issued to restrain the respondents from dealing with the mortgaged property.
Parties & counsel
- applicant
Indiabulls Bank Ltd.
- respondent
Shri Rahut
- respondent
Shri Nishant
- respondent
Shri Jugmander Singh
- respondent
Shri Mohit Singh
Case details
As recorded by the court registry
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