Hdfc Bank v. Desh Raj
Case brief
What is this about?
Debts Recovery Tribunal allowed an application filed by HDFC Bank Limited for recovery of Rs. 20.72 lakhs due to Mr. Desh Raj. The court awarded interest at 12% per annum, directed payment within 30 days, and ordered recovery from the hypothecated vehicle in case of default.
What did the court decide?
Direct recovery of Rs. 20,72,166.54/- plus interest @12% p.a. and costs from the respondent or via sale of hypothecated vehicle and other assets.
What the court decided
O.A. No. 93 of 2023
Debts Recovery Tribunal-I, Delhi 4th floor, Jeevan Tara Building, Parliament Street, New Delhi
Presiding Officer: Shri Govind Ballabh Sharma
O.A. No.93 of 2023
HDFC Bank Limited
Plot No.31, Najafgarh Road Industrial Area Tower A, 1st Floor,
Shivaji Marg, Moti Nagar, New Delhi-110015
Applicant
Versus
Mr. Desh Raj
H.No. 371, Rajeev Nagar Extension, Begumpur, North West Delhi, New Delhi-110086
Also at:
H. No. 790, Pragati Vihar, Khora Colony,
Issues for consideration
3 issues framed by the court
Whether the original application for recovery of a defaulted auto loan is maintainable and deserves to be allowed.
What rate of interest should be awarded for pendente lite and future interest given the global fall in interest rates.
Whether the applicant proved its case beyond reasonable doubt in the absence of the respondent.
Parties & counsel
- applicant
HDFC Bank Limited
- respondent
Mr. Desh Raj
Coram
Govind Ballabh Sharma
Case details
As recorded by the court registry
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