Indian Bank v. V.G. Enterprises
Case brief
What is this about?
The Tribunal allowed the applicant bank's application for recovery of dues. After hearing candidates and finding the case un rebutted, the court awarded principal, interest at 12% p.a., and directed payment within 30 days.
What did the court decide?
Direct prospective payment of Rs.59,77,139 plus future interest at 12% p.a. within 30 days.
What the court decided
T.A. No. 328 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.328 of 2022
Indian Bank
(e-Allahabad Bank) 3977-3980, Roshanara Road (Opp. Palace Cinema), Subzi Mandi Delhi-110007 Applicant
Versus
- V.G. Enterprises Through Proprietor Sh. Vicky Gupta 2841, Gali Peepal Mahadev Hauz Quazi, Delhi-110006
Also at: G-3/79-80, Sector-11 Rohini, Delhi-110085 2. Shri Vicky Gupta 2841, Gali Peepal Mahadev Hauz Quazi, Delhi-110006 Also at: R/o G-3/79-80, Sector-11 Rohini, Delhi-110085 3. Ms. Monika Gupta w/o Sh. Vicky Gupta R/o G-3/79-80, Sector-11 Rohini, Delhi-110085 4. Shri Dinesh Gupta R/o House No.111, 2nd Floor Pocket-17, Sector-24 Rohini, Delhi-110085 Defendants Present: Shri A.K.Pandey, Counsel for the applicant bank Date of Institution: 15.07.2019 Date of Pronouncement: 17.05.2025
T.A. No. 328 of 2022
Issues for consideration
2 issues framed by the court
Whether the applicant bank's claim for recovery of dues and interest as per the original application deserves to be allowed.
Whether interest at the rate of 12% per annum should be awarded considering the global and domestic fall in interest rates.
Parties & counsel
- applicant
Indian Bank
- respondent
V.G. Enterprises Through Proprietor Sh. Vicky Gupta
- respondent
Shri Vicky Gupta
- respondent
Ms. Monika Gupta
- respondent
Shri Dinesh Gupta
Case details
As recorded by the court registry
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