Dhanalakshmi Bank v. Sridhar
Case brief
What is this about?
The Debt Recovery Tribunal allowed the applicant bank's application for recovery of dues amounting to Rs. 26,64,664/- along with interest and costs from the borrowers and guarantor who defaulted on a vehicle loan.
What did the court decide?
Recovery of Rs. 26,64,664/- inclusive of interest at 16.03% p.a. and penal interest of 2% p.a., along with costs.
What the court decided
T.A. No. 1555 of 2023
08.09.2025
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 08th day of September, 2025
Present: SMT. S.V. GOWRAMMA Presiding Officer
TRANSFERRED APPLICATION No. 1555 of 2023
(Originally filed before DRT- II, Chennai as OA 927/2019 and thereafter transferred to this Tribunal and renumbered as TA No 1555 of 2023)
Dhanlaxmi Bank No.12, First Main Road Baby Nagar, Velachery Chennai – 600 042. Rep. by its Branch Manager ….Applicant
-Vs-
- Mr. L. Sridhar
- S/o Loganathan
Issues for consideration
1 issue framed by the court
Whether the debt recovery application filed under Section 19(1) of the RDB Act is maintainable and the claimed amount is recoverable from the defendants.
Parties & counsel
- applicant
Dhanlaxmi Bank No.12
- respondent
Mr. L. Sridhar
- respondent
Mr. M. Venkatraman
Coram
Case details
As recorded by the court registry
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