Bank of India v. Sudha
Case brief
What is this about?
The Debts Recovery Tribunal allowed an application filed by Bank of India against three defendants for recovery of outstanding dues of Rs.31,94,036/- related to a housing loan, including interest and costs, after the defendants failed to appear and were set ex-parte.
What did the court decide?
Allowed recovery of Rs.31,94,036/- along with further interest @ 9.40% p.a. and costs. Granted liberty to sell defendants' personal assets for recovery of balance dues.
What the court decided
T.A. No. 710 of 2023
04.06.2025
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 04th day of June, 2025
Present: SMT. S.V. GOWRAMMA Presiding Officer
TRANSFERRED APPLICATION No. 710 of 2023
(Originally filed before DRT- II, Chennai as OA 306/2020 and thereafter transferred to this Tribunal and renumbered as TA No 710 of 2023)
Bank of India
Royapettah Branch New No.130 (Old No.240) Royapettah High Road Chennai 600 004
Rep. by its Constituted Attorney ….Applicant
-Vs-
Issues for consideration
2 issues framed by the court
Whether the original application filed by the bank under Section 19 of the RDB Act for recovery of housing loan dues is maintainable.
Whether the facts established by the applicant bank's evidence justify the grant of final order in favor of the bank against the defendants.
Parties & counsel
- applicant
Bank of India
- respondent
Mrs. C. Sudha
- respondent
Mr. G. Chandrakaladharan
- respondent
Mr. E. Mohanarangam
Coram
Case details
As recorded by the court registry
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