Indian Bank v. J.S
Case brief
What is this about?
The Tribunal disposed of an Original Application filed by a bank for recovery of dues totaling approx. Rs. 26.79 lakhs from borrowers and a guarantor. As defendants appeared ex-parte, the Tribunal allowed the application and directed repayment of principal, interest, and costs. A recovery certificate was to be issued.
What did the court decide?
Recovery of Rs.26,79,205.81p with interest and costs; direction to pay dues under various loan facilities.
What the court decided
O.A. No.209 of 2024
15.07.2026
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 15th day of July, 2026
Present: SMT. S.V. GOWRAMMA Presiding Officer
ORIGINAL APPLICATION No.209 of 2024
M/s Indian Bank, Puducherry Branch, Represented by its Branch Manager,
No.43, East Coast Road, Near BSNL office, Peria Kalapet,
Puducherry-605 014 ….Applicant
-Vs-
- M/s J.S & Co
Issues for consideration
2 issues framed by the court
Whether the applicant bank is entitled for recovery of dues from the defaulting borrowers and guarantor under the Recovery of Debts and Bankruptcy Act, 1993.
Whether the Original Application was filed within the statutory period of limitation.
Parties & counsel
- applicant
M/s Indian Bank, Puducherry Branch
- respondent
M/s J.S & Co
- respondent
Mrs. M. Lakshmi Rajan
- respondent
Mr. J. Murugan
Coram
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court