Hdfc Bank v. Rahul Dubey
Case brief
What is this about?
Debts Recovery Tribunal allowed the bank's original application for recovery of Rs.52 Lacs plus interest. The defendant was declared absent. Reduced future interest to 12% due to global economic factors and directed issuance of a recovery certificate.
What did the court decide?
Recovery of Rs.52,07,829.41 with future interest @12% p.a. from 01.02.2024; Recovery Certificate issued to Recovery Officer.
What the court decided
O.A. No. 210 of 2024
Debts Recovery Tribunal-I, Delhi 4th floor, Jeevan Tara Building, Parliament Street, New Delhi
Presiding Officer: Shri Govind Ballabh Sharma
O.A. No.210 of 2024
HDFC Bank Ltd.
Department for Special Operations Ground Floor, Gulab Bhawan 6, Bahadur Shah Zafar Marg New Delhi-110002
Applicant
Versus
Sh.Rahul Dubey
Sole Proprietor M/s Rahul Traders Shed No.13, Khanbha No.11/12 Fruit Mandl, Azadpur, Delhi-110033
Also at:
B-1695, 3rd Floor, Block B Jahangir Puri, A Block Delhi-33
Issues for consideration
3 issues framed by the court
Whether the Original Application for recovery of dues against the defendant should be allowed.
What rate of interest should be awarded for future recovery considering the drastic fall in global interest rates.
What amounts, including pendentelite and future interest, should the defendants pay to the applicant bank.
Parties & counsel
- applicant
HDFC Bank Ltd.
Coram
Govind Ballabh Sharma
Case details
As recorded by the court registry
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