Canara Bank v. Dhruva Choudhary
Case brief
What is this about?
Debts Recovery Tribunal allowed the original application, directing respondents to pay outstanding loan dues with interest. Recovery can also be effected by sale of mortgaged property.
What did the court decide?
Direct defendants to pay Rs. 50,78,308.73 + interest within 30 days; recover from sale of mortgaged property if unpaid.
What the court decided
T.A. No.1365 of 2022
Debts Recovery Tribunal-I, Delhi 4th floor, Jeevan Tara Building, Parliament Street, New Delhi
Presiding Officer: Shri Govind Ballabh Sharma
T.A. No. 1365 of 2022
Canara Bank
(E-Syndicate Bank)
I.P. Estate Branch, Nehru House 4, Bahadurshah Zafar Marg New Delhi-110002 Applicant
Versus
- Mr. Dhruva Chaudhary s/o Janak Singh DLF Projects Ltd. H.No. U-66/12-13 DLF Cyber City Phase-III Gurgaon, Haryana-122003
- Mrs. Meena Kumari w/o Dhruva Choudhary Chandanvan Phase I Dhauli Pyau Mathura, U.P-281001
- M/s Vocational Education Foundation 4, Institutional Area, Surajpur, Kasna Road, Knowledge Par-I, Greater Noida, G.B.Nagar, UP
Issues for consideration
2 issues framed by the court
Whether the applicant bank is entitled to recover the outstanding dues along with interest from the respondents?
Whether the impugned order directing payment and sale of mortgaged property deserves modification?
Parties & counsel
- applicant
Canara Bank
- respondent
Dhruva Chaudhary
- respondent
Meena Kumari
- respondent
M/s Vocational Education Foundation
Coram
Case details
As recorded by the court registry
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