Bank of India v. Prameela
Case brief
What is this about?
The Debt Recovery Tribunal allowed the bank's application for recovery of a home loan dues of Rs. 74,20,607 along with interest and costs against the borrower and guarantors, permitting recovery through sale of mortgaged property and personal assets.
What did the court decide?
Recovery of Rs. 74,20,607 plus interest at 9.50% p.a. and costs through sale of mortgaged property and personal assets.
What the court decided
T.A. No. 1500 of 2023
08.10.2025
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 08th day of October, 2025
Present: SMT. S.V. GOWRAMMA Presiding Officer
TRANSFERRED APPLICATION No. 1500 of 2023
(Originally filed before DRT- II, Chennai as OA 617/2019 and thereafter transferred to this Tribunal and renumbered as TA No. 1500 of 2023)
Bank of India
Retail Business Centre Rep. by its Constituted Attorney 7/4, Seshadri Road (Kasturi Rangan Salai) Alwarpet, Chennai – 600 018
….Applicant
-Vs-
Issues for consideration
2 issues framed by the court
Whether the applicant bank is entitled to recover the debt amount from the defendants jointly and severally.
Whether the applicant bank is entitled to realize the dues by sale of the mortgaged immovable property and personal assets.
Parties & counsel
- applicant
Bank of India
- respondent
Mrs. Premeela C
- respondent
Mr. Anand Jain
- respondent
Mr. Sanjay Kumar Bohra
Coram
Case details
As recorded by the court registry
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