Bank of India v. Rohidas Banagar
Case brief
What is this about?
Bank of India recovered dues of Rs.13.45 lakhs from borrowers and guarantors via Debts Recovery Tribunal, Pune, granting 9% annual simple future interest.
What did the court decide?
Recovery Certificate is to be issued for Rs.13.45,926 with future interest @9% p.a. from 30.08.2018.
What the court decided
Presented on: 30.08.2018 Registered on: 19.04.2023 Decided on: 28.02.2025 Duration: Y M D 06 05 28
IN THE DEBTS RECOVERY TRIBUNAL AT PUNE (Before Shri Dilip G. Murumkar, Presiding Officer) ORIGINAL APPLICATION No.621/2023.
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 Post Kurul, Taluka Mohol, District Solapur-413 213, known as Kurul Branch.
… Applicant
Versus
1. Mr. Rohidas Rangnath Banagar R/at Post Kutewadi, Taluka Patoda, District Beed - 431 523.
2. M/s Bhima Sahakari Sakhar Karkhana Ltd.
Address- At Post Takali Sikandar, Taluka-Mohol, District Solapur-413 248
3. Mr. Lahu Rohidas Banagar R/at Post Kutewadi, Taluka Patoda, District Beed - 431 523.
Issues for consideration
2 issues framed by the court
Whether to allow Original Application Nos.621/2023 filed by Bank for recovery of dues.
Whether future interest at 9% per annum is just and reasonable in the facts of the case.
Parties & counsel
- applicant
Bank of India
- respondent
Mr. Rohidas Rangnath Banagar
- respondent
M/s Bhima Sahakari Sakhar Karkhana Ltd.
- respondent
Mr. Lahu Rohidas Banagar
Coram
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court