Bank of India v. Kakaso
Case brief
What is this about?
The Debts Recovery Tribunal allowed an Original Application filed by Bank of India to recover Rs. 11,60,827 along with future interest (@9% per annum) from the borrowers and guarantors who failed to appear and contest the ex parte proceedings.
What did the court decide?
Order allowed to the applicant; respondents directed to pay Rs. 11,60,827 with future interest @9% p.a.; power to sell mortgaged property directed; recovery certificate issued.
What the court decided
Presented on .. 04.07.2019 Registered on .. 01.11.2023 Decided on .. 21.07.2026 Duration .. Y—M—D 07--00--17
IN THE DEBTS RECOVERY TRIBUNAL AT PUNE (Before Shri Dilip G. Murumkar, Presiding Officer) ORIGINAL APPLICATION No. 1404/2023.
Bank of India,
A Body Corporate constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970 and having its head office at Star House, C-5, G Block, BandraKurla Complex, Bandra (East), Mumbai – 400 051 and branch at – Shalgaon, Taluka Kadegaon, District Sangli 415 304.
… Applicant
Versus
- 1 Mr. Kakaso Bayaji Ghadge, Age Adult, Occ. Agriculturist, R/at - A/P Shalgaon, Taluka Kadegaon, District Sangli 415 304.
- 2 Mr. Dattatray Popat Kadam, Age Adult, Occ. Agriculturist, R/at - A/P Shalgaon, Taluka Kadegaon, District Sangli 415 304.
- 3 Sampatrao Deshmukh Sahakari Pani Puravtha Sanstha Maryadit (SDSPPSM) Having its registered at Raigaon, Tal. Kadegaon, District Sangli 415 304.
Sanap ( OA No. 1404/2023 ) 1 of 7
Issues for consideration
1 issue framed by the court
Whether the applicant Bank is entitled to recover the outstanding dues from the borrowers and guarantors under the secured instruments.
Parties & counsel
- applicant
Bank of India
- respondent
Kakaso Bayaji Ghadge
- respondent
Dattatray Popat Kadam
- respondent
Sampatrao Deshmukh Sahakari Pani Puravtha Sanstha Maryadit
- respondent
Cane Agro Energy (India) Ltd.
Case details
As recorded by the court registry
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