Uco Bank v. Rajeev Saxena
Case brief
What is this about?
The DRT allowed the bank's Original Application for recovery of a housing loan defaulting sum of Rs.36,03,521. The court directed payment by respondents jointly or severally within 30 days and issuance of a recovery certificate.
What did the court decide?
Direction to pay Rs.36,03,521 with interest within 30 days jointly or severally; issuance of recovery certificate.
What the court decided
T.A. No.3185 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. 3185 of 2022
UCO Bank Assets Management Branch 5, Sansad Marg, New Delhi-110001 Applicant
Versus
1.Sh.Rajeev Saxena s/o Mahesh Babu Saxena R/o C-2, Pocket-61 Kendriya Vihar, Sector-82 Near Sector 110 Market Noida, UP-201301 Also at: 72, Awas Vikas, Kashipur, Utarakhand
2.Mrs.Pravesh Saxena W/o Rajeev Saxena R/o C-2, Pocket-6, Kendriya Vihar, Sector-82 Near Sector 110 Market Noida, UP-201301 Also at: 72, Awas Vikas, Kashipur, Utarakhand 3. Supercity Developers Pvt.Ltd. Through its director 6, Bharti Colony 1st Floor, Preet Vihar, Opp. Metro Pillar No.73 Defendants Vikas Marg, New Delhi-110092 Present: Shri Tushar Mishra, Counsel for the applicant bank Date of Institution: 10.05.2018 Date of Pronouncement: 27.05.2025
T.A. No.3185 of 2022
FINAL ORDER
Issues for consideration
1 issue framed by the court
Whether the Original Application filed by the bank for recovery of outstanding dues against the defaulting borrowers and developer ought to be allowed.
Parties & counsel
- applicant
UCO Bank Assets Management Branch
- respondent
Rajeev Saxena
- respondent
Pravesh Saxena
- respondent
Supercity Developers Pvt.Ltd.
Coram
Case details
As recorded by the court registry
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