Uco Bank v. Rajendra
Case brief
What is this about?
Debts Recovery Tribunal allowed the bank's application ex-parte against absent defendants. The tribunal directed payment of specific loan amounts with future interest at 9% per annum and authorized the sale of mortgaged agricultural land for recovery of dues.
What did the court decide?
Directed payment of Rs. 32,47,97/- and Rs. 27,31,236/- plus future interest at 9% per annum. Granted right to sell mortgaged land for recovery.
What the court decided
Presented on .. 10.10.2022 Registered on .. 17.11.2023 Decided on .. 07.07.2026 Duration .. Y—M—D 03--08--27
IN THE DEBTS RECOVERY TRIBUNAL AT PUNE ( Before Shri Dilip G. Murumkar, Presiding Officer ) ORIGINAL APPLICATION No. 1474/2023.
UCO Bank,
A Corporate Body constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act 1970 and having its head office at 10, B.T.M. Sarani, Kolkata and branch at Market Yard, Indapur Road, Baramati, Taluka Baramati, District Pune.
- … Applicant
Versus
- 1 Shri Rajendra Duryodhan Narute, Age – Adult, Occ. – Agriculture, R/at – At and Post Kazad, Taluka Indpaur, District Pune 413 104.
- 2 Smt. Changuna Duryodhan Narute, Age – Adult, Occ. – Agriculture, R/at – At and Post Kazad, Taluka Indpaur, District Pune 413 104.
- 3 Shri Sudhakar Dattu Kale, Age – Adult, Occ. – Agriculture, R/at – At and Post Kazad, Taluka Indpaur, District Pune 413 104.
Sanap ( OA No. 1474/2023 ) 1 of 7
Issues for consideration
2 issues framed by the court
Whether the debts recovery tribunal can allow an application for recovery of dues when the defendants fail to appear in person.
What is the appropriate rate of future interest for a rescheduled loan account where the principal amount remains outstanding.
Parties & counsel
- applicant
UCO Bank
- respondent
Shri Rajendra Duryodhan Narute
- respondent
Smt. Changuna Duryodhan Narute
- respondent
Shri Sudhakar Dattu Kale
- respondent
Shri Tanaji Pandurang Deokate
- respondent
Case details
As recorded by the court registry
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