Hdfc Bank v. Ajit Kumar
Case brief
What is this about?
The Debt Recovery Tribunal adjudged an application for recovery of Rs. 42,37,429/- along with interest filed by HDFC Bank Limited against two defendants. The tribunal allowed the application and directed the issuance of a Recovery Certificate and the sale of mortgaged assets.
What did the court decide?
The application for recovery of Rs. 42,37,429/- with interest was allowed with costs, and a Recovery Certificate was issued.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 580/2022 Date of Institution: 30.03.2022 Date of Decision: 04.11.2025
HDFC Bank Limited having its branches all over India and a branch at Abohar, Distt. Fazilka, Punjab.
……..Applicant
Vs.
- Ajit Kumar s/o Sh. Dharampal, r/o H.No.818, Village Khandwala Amarkot, Tehsil Abohar, Distt. Fazilka, Punjab.
- Ashok s/o Sh. Dharampal, r/o H.No.818, Village Khandwala Amarkot, Tehsil Abohar, Distt. Fazilka, Punjab.
……….Defendants
Advocates
Sh. J. S. Sehgal, Counsel for the applicant bank. Defendants - ex parte vide order dated 07.07.2023 .
Issues for consideration
2 issues framed by the court
Whether the applicant bank established liability for the outstanding dues of Rs. 42,37,429/- against the defendants.
Whether the directions regarding the sale of mortgaged land and distribution of proceeds under Section 19(20AB) were appropriate.
Parties & counsel
- applicant
HDFC Bank Limited
- respondent
Ajit Kumar
- respondent
Ashok
Coram
Case details
As recorded by the court registry
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