Union Bank of India v. Malarkodi
Case brief
What is this about?
The DRT allowed the Original Application filed by Union Bank of India for recovery of dues from a mortgagee who had defaulted on term loans under Union Progress Scheme and UGECL.
What did the court decide?
Recovery of Rs.22,68,798/- with interest and costs; liberty to sell hypothecated assets for realization.
What the court decided
O.A. No.180 of 2022
05.08.2026
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 05th day of August, 2026
Present: SMT. S.V. GOWRAMMA Presiding Officer
ORIGINAL APPLICATION No.180 of 2022
Union Bank of India, Plot No.3573, Ground floor, H.I.G. Type, TNHB-V,
75, Kakkalur By Pass Road, Thiruvallur, Thiruvallur District- 602 001
Represented by its Branch Manager ….Applicant
-Vs-
Mrs.A.Malarkodi, W/o Mr.A.R. Ashok Raj, New Door No. 41/ Old Door No.81, Bajanai Koil Street, Lakshmipuram Colony, Thiruvallur City, Thiruvallur Taluk, Thiruvallur District- 602001
Issues for consideration
2 issues framed by the court
Whether the repetition of proceedings under Section 19(1) of the RDB Act is admissible for recovery of dues.
Whether the debtor has defaulted on repayment of terms.
Parties & counsel
- applicant
Union Bank of India
Coram
S.V. GOWRAMMA
Case details
As recorded by the court registry
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