Bank of India v. Ajay Thengil
Case brief
What is this about?
The Debts Recovery Tribunal allowed an application filed by Bank of India for recovery of dues owed by four defendants, who failed to appear. The court modified the claimed interest rate from 15% to 9% per annum.
What did the court decide?
Ordered payment of Rs. 1,10,26,477 plus future interest at 9% p.a.; authorized sale of mortgaged properties; directed issuance of Recovery Certificate.
What the court decided
Presented on : 06.03.2020 Registered on : 05.08.2022 Decided on : 19.02.2025 Duration : Y M D 04 11 13
IN THE DEBTS RECOVERY TRIBUNAL AT PUNE (Before Shri Dilip G Murumkar, Presiding Officer) ORIGINAL APPLICATION No. 715/2022.
Bank of India,
A Body Corporate constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970 and having its head office at Star House, C-5, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400051 and branch at – Bazar Peth, Post Mangalwedha, District Solapur 413305.
.. Applicant
Versus
- 1 Mr. Ajay Shamrao Thengil, Occupation : Business,
- 2 Mr. Damaji Dada Thengil, Occupation : Business,
- 3 Mr. Vijay Shamrao Thengil, Occupation : Business,
- 4 Mrs. Shilpa Ajay Thengil, Occupation : Business, All R/at : Post Kacharewadi, Taluka Mangalwedha, District Solapur 413305
.. Defendants
Issues for consideration
2 issues framed by the court
Whether the applicant Bank is entitled to recovery of the claimed sum with future interest.
Whether the rate of future interest claimed by the applicant is reasonable.
Parties & counsel
- applicant
Bank of India
- respondent
Mr. Ajay Shamrao Thengil
- respondent
Mr. Damaji Dada Thengil
- respondent
Mr. Vijay Shamrao Thengil
- respondent
Mrs. Shilpa Ajay Thengil
Case details
As recorded by the court registry
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