Bank of India v. Pratap
Case brief
What is this about?
The Debts Recovery Tribunal allowed the applicant bank's application to recover Rs.55,46,023/- along with interest and costs. The Tribunal concluded the bank was entitled to recover dues from the defaulting borrowers after considering the filed evidence and ex-parte trial.
What did the court decide?
Recovery of Rs.55,46,023/- plus interest at 8.40% p.a. and costs; direction to furnish recovery certificate.
What the court decided
T.A. No. 1659 of 2023
22.05.2025
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 22nd day of May, 2025
Present: SMT. S.V. GOWRAMMA
Presiding Officer
TRANSFERRED APPLICATION No. 1659 of 2023
(Originally filed before DRT- II, Chennai as OA 60/2021 and thereafter transferred to this Tribunal and renumbered as TA No 1659 of 2023)
Bank of India Thousand Light Branch 406, Lloyds Road, Gopalapuram, Chennai – 600 086 Rep. by its Branch Manager ….Applicant
-Vs-
- Mr. H. Pratap, S/o. Mr. R. Haribabu, No.5/A, School Road, Kolathur, Chennai – 600 099
Issues for consideration
2 issues framed by the court
Whether the applicant bank is entitled to recover the outstanding dues from the defendants.
Whether the application falls within the jurisdiction of the Tribunal under Section 24 of the RDB Act.
Parties & counsel
- applicant
Bank of India Thousand Light Branch
- respondent
Mr. H. Pratap
- respondent
Mr. H. Ravikumar
Coram
Case details
As recorded by the court registry
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