Idbi Bank v. Dilip
Case brief
What is this about?
IDBI Bank filed an original application to recover ₹30,36,776.07 along with interest from two borrowers who defaulted on a mortgage loan. The defendants failed to appear. The Tribunal allowed the application, directed payment of dues and interest, and issued a recovery certificate secured by mortgaged property.
What did the court decide?
Recovery of ₹30,36,776.07 with interest, direction to pay jointly or severally, recognition of mortgaged property as security, and issuance of Recovery Certificate.
What the court decided
ORIGINAL APPLICATION NO.1024 OF 2023
DEBTS RECOVERY TRIBUNAL No.2, MUMBAI
PRESIDING OFFICER: HARISH KUMAR KAUSHIK
ORIGINAL APPLICATION NO.1024 OF 2023
Date of Institution: 10.01.2020 Date of Decision: 10.02.2026
TOTAL CLAIM AMOUNT:
₹ 30,36,776.07/-
IDBI BANK LIMITED, A company incorporated and registered under Indian Companies Act, 1956 (1/1956) and also at a Banking company under Section 5(c) of Banking Regulation Act of 1949 (10/1949), having its head office at IDBI Tower, WTC Complex, Cuffe Parade, Mumbai-400 005, and among others at Retail Asset Center at Borivali, Mumbai and at Retail Asset Collection & Recovery Centre, Mittal Court, B-wing, 2nd Floor, Nariman Point, Mumbai-400 021 through its Assistant Manager & Power of Attorney Holder, Shri. Amin Prakash Rajpurkar.
… Applicant
Versus
- MR. DILIP DINESHBHAI PATEL, Adult, Indian Inhabitant, Occupation-Service i) 302, Madhur G-7 CHS., Chincholi Bunder Road,
Issues for consideration
1 issue framed by the court
Whether the claim for recovery of mortgage loan dues is substantiated and allowed by the Tribunal?
Parties & counsel
- applicant
IDBI BANK LIMITED
- respondent
MR. DILIP DINESHBHAI PATEL
- respondent
MRS LEELABEN D. PATEL
Coram
Case details
As recorded by the court registry
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