Federal Bank v. udayakathiravan
Case brief
What is this about?
The DRT allowed an application filed by The Federal Bank Limited for recovery of Rs.24,00,370/- along with interest from the principal borrower of two loan accounts classified as NPAs.
What did the court decide?
Recovery of Rs. 24,00,370/- with interest; liberty to sell hypothecated assets and mortgaged properties and later personal assets.
What the court decided
O.A. No. 157 of 2022
07.08.2026
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 07th day of August, 2026
Present: SMT. S.V. GOWRAMMA Presiding Officer
ORIGINAL APPLICATION No. 157 of 2022
The Federal Bank Limited, Rep. by its Associate Vice President & Branch Head, No.158-159, Krish Towers, Natesan Nagar, Marie Oulgaret, Puducherry -605 005. ….Applicant
-Vs-
Mr. Udayakathiravan, S/o. Mr. Govindasamy, F-1, Vaishali Enclave Apartments, 3rd Cross Street, Kamban Nagar, Reddiarpalayam, Pondicherry -605 010. …..Defendant
Counsels on record / appeared:
Issues for consideration
2 issues framed by the court
Whether the applicant bank is entitled to recover the dues of Rs.24,00,370/- from the defendant.
Whether the applicant bank is entitled to enforce security interest over hypothecated assets and mortgaged properties.
Parties & counsel
- applicant
The Federal Bank Limited
- respondent
Mr. Udayakathiravan
Coram
S.V. GOWRAMMA
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court