Bank of India v. Poonam
Case brief
What is this about?
The DRT allowed an original application filed by Bank of India for recovery of dues amounting to Rs. 71,79,499/- with interest on a housing loan. Being ex-parte, the bank's unchallenged claim for recovery via sale of mortgaged property and personal assets was upheld.
What did the court decide?
Recovery of Rs. 71,79,499/- with interest; liberty to sell scheduledProperty and personal assets for recovery.
What the court decided
TA.No.157/2023(E)
07.03.2025
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 07th day of March, 2025
Present: SMT. S.V. GOWRAMMA Presiding Officer
TRANSFERRED APPLICATION No. 157 of 2023
(Originally filed before DRT- II, Chennai as OA 550/2019 and thereafter transferred to this Tribunal and renumbered as TA No 157 of 2023)
Bank of India Retail Business Centre Represented by its Constituted Attorney 7/4, Seshadri Road, (Kasturi Rangan Salai) Alwarpet, Chennai – 600 018.
….Applicant
-Vs-
1 Ms. Poonam. A D/o. Mr. Anand Jain No. 9 D, Prince Apartments, No. 59, Ormes Road, Kilpauk, Chennai – 600 010.
Issues for consideration
3 issues framed by the court
Whether the applicant bank is entitled to a final order for recovery of outstanding dues and interest.
Whether the scheduled mortgaged property is liable to be sold in event of non-payment.
Whether the personal assets of the defendants can be sold to recover balance dues.
Parties & counsel
- applicant
Bank of India
- respondent
Ms. Poonam. A
- respondent
Mr. Anand Jain
- respondent
Ms. Aarthi. A
Coram
Case details
As recorded by the court registry
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