Dena Bank v. Babu
Case brief
What is this about?
Debt Recovery Tribunal-VIII admitted an ex-parte application filed by Bank of Baroda against two borrowers for recovery of a housing loan default. The court confirmed the loan facility, noted the failure to repay, and adjudicated in favor of the bank, ordering recovery of the principal, interest, and costs.
What did the court decide?
Recovery of Rs. 46,58,160/- plus interest at 11% p.a. and costs; liberty to recover by sale of mortgaged property if overdue.
What the court decided
T.A. No. 48 of 2023
22.08.2025
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 22nd day of August, 2025
Present: SMT. S.V. GOWRAMMA Presiding Officer
TRANSFERRED APPLICATION No. 48 of 2023
(Originally filed before DRT- II, Chennai as OA 449/2019 and thereafter transferred to this Tribunal and renumbered as TA No 48 of 2023)
*Bank of Baroda, (Erstwhile Dena Bank), Rep. by Authorized Officer/Branch Manager, No.83, T.T.K. Road, Alwarpet, Chennai – 600 018. ….Applicant
*(Amended vide order in Memo dated 13.07.2021 in view of merger)
-Vs-
- D. Babu, S/o. Shri. Chinnaiah, No.18, TVK Nagar, 6th Street, Pulianthope, Chennai – 600 012.
Issues for consideration
1 issue framed by the court
Whether the applicant bank is entitled to recovery of the debt amount of Rs. 46,58,160/- along with interest and costs against the defaulting borrowers.
Parties & counsel
- applicant
Bank of Baroda
- respondent
D. Babu
- respondent
Mrs. B. Sathya
Coram
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court