Hdfc Bank v. Riyaz Ahmed
Case brief
What is this about?
The Debts Recovery Tribunal allowed an application by HDFC Bank Limited for the recovery of Rs. 37,38,419/- along with interest against three defendants who had loan and mortgage agreements with the bank but failed to repay.
What did the court decide?
Recovery of Rs. 37,38,419/- with interest at 12% p.a. allowed; Recovery Certificate issued; recovery via sale of mortgaged property ordered.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 757of 2022 Date of Institution: 01.04.2022 Date of Decision: 17.01.2025
HDFC Bank Limited, having branches all over India having a branch at Shopian, District Pulwama, Jammu & Kashmir.
……..Applicant
Vs.
- Riyaz Ahmed s/o Abdul Lateef Kutay r/o Manzgam, Tehsil Damhal Hanjipora, District Kulgam.
- Abdul Lateef Kutay s/o Mohammed Abdula Kutay r/o Manzgam Tehsil Damhal hanjipora, District Kulgam.
- Javaid Ahmed Shah s/o Mohammad Maqbool Shah r/o Baba Mohalla Shopian, Tehsil and District Shopian.
……….Defendants
Advocates
Issues for consideration
2 issues framed by the court
Whether the bank successfully proved its case for recovery of a loan amount of Rs. 37,38,419/- with interest against the defendants.
How to proceed with the recovery of dues including sale of mortgaged property and issuance of recovery certificate.
Parties & counsel
- applicant
HDFC Bank Limited
- respondent
Riyaz Ahmed
- respondent
Abdul Lateef Kutay
- respondent
Javaid Ahmed Shah
Coram
Case details
As recorded by the court registry
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