Federal Bank v. Shashi Kumar
Case brief
What is this about?
In an exparte original application under Section 19 RDB Act 1993, the Tribunal allowed the Debt Recovery Tribunal petition filed by Federal Bank Ltd. against HUF and family members for recovery cycles.
What did the court decide?
issued a Recovery Certificate for Rs.42,70,286.10 with further interest at 12% p.a. (simple) against defendants jointly severally.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, BENGALURU
Dated this 24th Day of October, 2025
Present: Sri. T. RAJESH Presiding Officer OA.No.985/2022
BETWEEN:
The Federal Bank Ltd. Branch Office at:
KM Plaza, Kanakapura Main Road, 30th Cross, 7th Block, Jayanagar Branch, Bengaluru …APPLICANT
AND:
- M/s Shashi Kumar Aggarwal (HUF) Represented by its Kartha and Carrying Business in the name and style of M/s Shiva Shakthi Enterprises
- Mr. Shashi Kumar Aggarwal S/o. Muthuram Aggarwal
- Mrs. Hemalatha Aggarwal W/o. Sri. Shashi Kumar Aggarwal
- Mr. Manoj Kumar Aggarwal S/o. Shashi Kumar Aggarwal
Issues for consideration
2 issues framed by the court
Whether the applicant had succeeded in proving the OA claim as against the defendants?
What order are to be passed?
Parties & counsel
- applicant
The Federal Bank Ltd.
- respondent
M/s Shashi Kumar Aggarwal (HUF)
- respondent
Mr. Shashi Kumar Aggarwal
- respondent
Mrs. Hemalatha Aggarwal
- respondent
Mr. Manoj Kumar Aggarwal
- respondent
Case details
As recorded by the court registry
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