Bank of Baroda v. Ms Gupta Oils
Case brief
What is this about?
Debts Recovery Tribunal allowed the bank's application for recovery of Rs. 67 lakhs against borrowers who failed to maintain financial discipline on sanctioned credit facilities under various loan schemes.
What did the court decide?
Recovery of Rs. 67,73,205.11 plus 10% per annum future interest and costs; direction to discharge debt within two months; authorization to sell assets if dues not paid; injunction against alienating p
What the court decided
./
I
DEBTS RECOVERY +RIBUNAL LUCKNOW
Date of order or a
Order with signature of court
'roceedinj taken with date
OA No. 99 1/2023
01 .08.2025
The Judgment is jsigned, and
pronounced on separate sheds. Separately
attached in 08 sheets.
Order be uploaded on Ihe Tribunal’s
website.
(bictated)
f
J qJ
(Pravag Kuma} Singh)
Presiding Officer
(Manoj)
./
f
IN THE IEBTS RECOVERY TRIB1 NAL AT LI IQKNOW
resent: Pravas Kumar Singh, dresidi Offic4r Case No. Original Application do. 991 of 20
Dated: 01.08.20l5
Bank of Baroda, having its Branch lk as ROSARB, at V-23, Vibhuti I<hand, Nagar, Lucknow, U.P
4phlicant Bank
Versus M/s Gupta Oils through its Propri4tor Sr Sarv4sh Kumar Gupta, having its p}incipa plac4 of business at Bulaki Adda, loha Road, Lucknow-226017 Sri Sarvesh Kumar Gupta S}o Sr Sachidanand Gupta, R/o 348/11 Savi Bhadeva, Bulaki
Issues for consideration
2 issues framed by the court
Whether the defendants are liable to repay the outstanding debt with interest.
Whether the bank is entitled to recover dues by sale of hypothecated assets.
Parties & counsel
- applicant
Bank of Baroda
- respondent
M/s Gupta Oils
- respondent
Sri Sarvesh Kumar Gupta
- respondent
Sri Sachidanand Gupta
Coram
Case details
As recorded by the court registry
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