Hdfc Bank v. Harbhajan Singh
Case brief
What is this about?
HDFC Bank proved that it had granted two vehicle loans to the borrower, with the second defendant acting as guarantor, and that a sum of Rs.31,08,730.35p with interest remained outstanding. The bank was granted recovery of the amount with interest at 8.02% per annum with monthly rests and costs. The defendants were held jointly and severally liable, and the bank was permitted to recover through sale of the hypothecated vehicles and from their personal movable and immovable properties.
What did the court decide?
Recovery of Rs.31,08,730.35p with interest at 8.02% per annum with monthly rests from 07.12.2024 and costs was allowed; the defendants were held jointly and severally liable, with recovery permitted from the hypothecated vehicles and their personal movable and immovable properties.