Axis Bank v. Mohd Shadab
Case brief
What is this about?
In an ex-parte application under Section 19 of the SARFAESI Act, theDebts Recovery Tribunal allowed Axis Bank's claim for Rs. 46.55 Lakhs against borrowers who failed to repay a commercial vehicle loan.
What did the court decide?
Recovery Certificate issued for Rs. 46.55 Lakhs with pendent lite and future interest; sale of prosecuted and personal assets allowed if dues remain unsatisfied.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL AT LUCKNOW
Present: Pravas Kumar Singh, Presiding Officer
Case No. Original Application No.981 of 2024
Dated: 08.12.2025
Axis Bank/ having Branch at G4/5, B, Sector 4, Gomti Nagar Extension, Lucknow-226010.
........Applicant Bank
VL©l DUO
- Mc)hd. Shadab, S/o Zahid Ali, Address: Jadonpur, Post Bhairpura, Thana Bhojipura Tehsil Barelliy, UP.
- Jahid Ali, S/o Raham Ali, Address: Jadonpur, Post Bhairpura, Thana Bhojipura Tehsil Barelliy, UP.
. Defendants
Ld. Counsel for the applicant-bank: Mr. Amit Jaiswal, Advocate Ld. Counsel for the defendants: None.
JUDGIVIENT
Issues for consideration
2 issues framed by the court
Whether the bank has proved the execution of loan documents in its favour.
Whether the defendants are liable to pay the dues including interest and costs.
Parties & counsel
- applicant
Axis Bank
- respondent
Shadab
- respondent
Jahid Ali
Coram
Case details
As recorded by the court registry
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