Uco Bank v. M/S Mohini Shoes
Case brief
What is this about?
The Debts Recovery Tribunal allowed the bank's application under Section 19 of the RDB Act to recover ₹22,29,135.25 with interest against the defendants who appeared ex parte, noting the debt was due as per loan documents.
What did the court decide?
Application for recovery of ₹22,29,135.25 with interest at 9.25% p.a. from 27.09.2024 allowed with costs.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 1502 of 2024 Date of Institution: 27.09.2024 Date of Decision: 24.08.2026
UCO Bank having its branches all over India and a branch at Model House, Jalandhar, Punjab.
……..Applicant
Vs.
- M/s Mohini Shoes, Through its Proprietor Mrs. Prachi Kansra, Address: 2nd and 3rd Floor, Building no.1, Bank Colony, Model House, Jalandhar, Punjab.
- Mrs. Prachi Kansra W/O Mr. Vardaan Kansra Proprietor M/S Mohini Shoes,
Address: 2nd and 3rd Floor, Building no.1, Bank Colony, Model House, Jalandhar, Punjab.
Address: Flat No. 115, 4th Floor, Silver Galaxy Apartments, Nakodar Road, Jalandhar, Punjab.
……….Defendants
Issues for consideration
2 issues framed by the court
Whether the bank established its prima facie claim for recovery of dues under Section 19 of the RDB Act?
Whether the application for recovery of loan amount with interest should be allowed in absence of defendants?
Parties & counsel
- applicant
UCO Bank
- respondent
M/s Mohini Shoes
- respondent
Mrs. Prachi Kansra
Coram
Case details
As recorded by the court registry
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