Indian Bank v. Tajkhan
Case brief
What is this about?
The Debt Recovery Tribunal allowed the bank's application for recovery of a home loan amount of Rs.46,79,943 and foreclosure of secured property, granting the bank liberty to issue a recovery certificate or sell the mortgaged asset in default of payment.
What did the court decide?
Recovery of Rs.46,79,943 plus interest and costs; liberty to sell secured property upon failure to pay.
What the court decided
T.A. No. 976 of 2023
13.08.2025
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 13th day of August, 2025
Present: SMT. S.V. GOWRAMMA Presiding Officer
TRANSFERRED APPLICATION No. 976 of 2023
(Originally filed before DRT- II, Chennai as OA 447/2020 and thereafter transferred to this Tribunal and renumbered as TA No 976 of 2023)
Indian Bank,
Ashok Nagar Branch, No.15, First Avenue, Ashok Nagar, Chennai-600 083,
Rep. by its Branch Manager ….Applicant
-Vs-
Issues for consideration
1 issue framed by the court
Whether the debt recovery application filed by the bank against the defendants fell within the jurisdictional limit and was not barred by limitation.
Parties & counsel
- applicant
Indian Bank, Ashok Nagar Branch
- respondent
Mr. U. Tajkhan
- respondent
Mrs. Khamarunnisa
Coram
Case details
As recorded by the court registry
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