Bank of Baroda v. Taruna
Case brief
What is this about?
The Debts Recovery Tribunal allowed the bank's recovery application filed under Section 19 of the RDBFI Act against a defaulting sole proprietorship. The court directed immediate payment of the dues with interest, noting the case was unopposed.
What did the court decide?
The defendant was directed to pay Rs.26,14,188/- with interest and costs within 30 days, failing which recovery would be effected through sale of assets via the Recovery Officer.
What the court decided
O.A. No.236 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. 236 of 2024
Bank of Baroda
L-10, Vijay Chowk Laxmi Nagar, Delhi-110092 Applicant
Versus
Mrs. Taruna
Proprietor of M/s Atcore India Laser Technologies F-2, Kh. No.35/20, Rajendra Park Extension, Nangloi, New Delhi-110041
Also at:
Mrs. Taruna
Plot no.40-A & 40B, Ist Floor Block-5, Kirti Nagar Industrial area New Delhi-110015
Issues for consideration
2 issues framed by the court
Whether the debtor should be directed to pay the outstanding dues along with interest and costs after default under the loan agreement.
Whether the original application for recovery simpliciter under Section 19 of the RDBFI Act deserves to be allowed.
Parties & counsel
- applicant
Bank of Baroda
- respondent
Mrs. Taruna Proprietor of M/s Atcore India Laser Technologies
Coram
Govind Ballabh Sharma
Case details
As recorded by the court registry
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