Idbi Bank v. Murugan
Case brief
What is this about?
DT-II, Bangalore held that IDBI Bank proved its claim under Section 19(1) RDB Act against non-appearing defendants for housing and insurance loans, allowing recovery of principal and reduced interest.
What did the court decide?
Allowed OA and permitted recovery of Rs.54.11 Lakhs with interest at 6% p.a. from defendants jointly, severally, and personally, allowing proceeding against schedule property.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-II, BANGALORE
Dated this 27th Day of November, 2025
PRESENT: SHRI T. RAJESH Hon’ble Presiding Officer
O.A.No.924 of 2024
IDBI Bank Ltd., Branch Office at Mahalakshmi Building, B.H.Road, Ashok Nagar, Tumkur – 572 102. Represented by its Dy Genl.Manager Sri G.Basanth Chakravarthy. … Applicant.
Vs.
i) Sri Murugan.R., S/o.Sri Ramu.
ii) Smt.Sandhya.B., W/o.Sri Murugan.R., D/o.Balakrishna. Both residing at Maralur Dinne, 7th Cross, Janatha Colony, Tumkur – 572 105. Also at No.91, 2nd Main, 2nd ‘C’ Cross, Hanumanthapura, Tumkur – 572 103. … Defendants. Counsel for Applicant : Mr.Y.P.Gokul. Defendants : Exparte. ……
2
ORDER
- The Application is filed under Section 19 (1) of the Recovery of Debts And Bankruptcy Act, 1993 seeking for issuance of a Recovery Certificate for a total sum of Rs.54,11,000.52 comprising of (i)Rs.52,83,499.38 in Housing Loan A/c.No.3100 and (ii)Rs.1,27,501.14 in Loan for Insurance Cover A/c.No.3131 both together with interest @12.90% p.a. with monthly rests from 26.01.2024 till the date of realisation together with costs from the defendants jointly and severally and by way of sale of schedule mentioned property.
Issues for consideration
2 issues framed by the court
Whether the applicant succeeded in proving the OA claim as against the Defendants?
To what extent is the applicant entitled in respect of the OA claim?
Parties & counsel
- applicant
IDBI Bank Ltd.
- respondent
Sri Murugan.R.
- respondent
Smt.Sandhya.B.
Coram
Case details
As recorded by the court registry
All orders in this case
2 orders share this CNR
- Order 1 · P.o
- Order 2 — this page · P.o
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