State Bank of India v. v Elango
Case brief
What is this about?
The Debts Recovery Tribunal allowed an application filed by State Bank of India to recover a loan of approximately Rs.66.39 lakhs from two defendants along with interest and costs, based on unchallenged evidence.
What did the court decide?
Allowed recovery of Rs.66,39,455/- plus interest at 8% p.a. and costs; authorized sale of mortgaged property and personal assets for realization.
What the court decided
T.A. No. 382 of 2023
10.06.2025
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 10th day of June, 2025
Present: SMT. S.V. GOWRAMMA Presiding Officer
TRANSFERRED APPLICATION No. 382 of 2023
(Originally filed before DRT- II, Chennai as OA 159/2021 and thereafter transferred to this Tribunal and renumbered as TA No 382 of 2023)
State Bank of India, Swami Nagar, Urapakkam Branch, No.10, Ground Floor, Railway Station Road, Urapakkam, Chennai – 603 211 Rep. by its Branch Manager ….Applicant
-Vs-
- Dr. V. Elango
Plot No.61A, 2nd Main Road, VGP Selva Nagar, Velachery, Chennai – 600 042
Issues for consideration
1 issue framed by the court
Whether the Original Application for recovery of dues under Section 19 of RDB Act was maintainable and entitled to final order.
Parties & counsel
- applicant
State Bank of India, Swami Nagar, Urapakkam Branch
- respondent
Dr. V. Elango
- respondent
Dr. E. Jayachitra
Coram
Case details
As recorded by the court registry
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