Hdfc Bank v. Sunita Tayal
Case brief
What is this about?
The DRT allowed an application by HDFC Bank Ltd. to recover 20.88 lakhs from defendants who failed to repay a business loan. Interest was reduced to 12% p.a. considering global interest rate falls.
What did the court decide?
Defendants directed to pay Rs.20,88,764.41 with 12% interest within 30 days; recovery certificate issued.
What the court decided
T.A. No.659 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. 659 of 2022
HDFC Bank Ltd.
1st Floor, Tower A, Plot No.31
Najafgarh Road Industrial area Shivaji Marg, Moti Nagar
New Delhi-110015
Applicant
Versus
Ms. Sunita Tayal
V/2207, Shankar Wali Gali
Chandni Chowk
Issues for consideration
1 issue framed by the court
Whether the Original Application filed under Section 19 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 for recovery of debt deserves to be allowed.
Parties & counsel
- applicant
HDFC Bank Ltd.
Coram
GOVIND BALLABH SHARMA
Case details
As recorded by the court registry
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