Icici Bank Limited v. Anand
Case brief
What is this about?
The Debt Recovery Tribunal allowed the applicant bank's application for recovery of dues from the defendant under Section 19(1) of the RDB Act, 1993, granting an order for repayment of Rs. 10.27 lakhs with interest.
What did the court decide?
Recovery of Rs. 10,27,670/- with interest at 15.99% p.a. and liberty to sell defendant's assets.
What the court decided
T.A. No. 47 of 2023 (E)
19.02.2025
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 19th day of February, 2025
Present: SMT. S.V. GOWRAMMA Presiding Officer
TRANSFERRED APPLICATION No. 47 of 2023
(Originally filed before DRT- II, Chennai as OA 167/2019 and thereafter transferred to this Tribunal and renumbered as TA No 47 of 2023)
M/s. ICICI Bank Limited, Rep by its Authorized Signatory, V. Prabhakaran, No.1, Cenotaph Road, Teynampet, Chennai – 600 018. ….Applicant
-Vs-
Mr. K. Anand S/o. Kannan, Plot No. 122, Door No. 17, Loganathan Street, Krishnapuram, Ambattur, Chennai – 600 053.
Parties & counsel
- applicant
M/s. ICICI Bank Limited
Coram
S.V. Gowramma
Case details
As recorded by the court registry
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