Bank of Baroda v. Subash
Case brief
What is this about?
The Tribunal allowed an original application filed by Bank of Baroda for recovery of dues totaling Rs.26.96 lakhs along with interest and costs from two defendants jointly and severally, noting the defendants remained in ex-parte.
What did the court decide?
Bank allowed to recover Rs.26,96,004 plus interest at 7.35% p.a. and costs from defendants jointly and severally; liberty to sell personal assets to recover balance dues having given notice.
What the court decided
O.A. No. 309 of 2022
30.01.2026
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 30th day of January, 2026
Present: SMT. S.V. GOWRAMMA Presiding Officer
ORIGINAL APPLICATION No. 309 of 2022
Bank of Baroda
Dharmapuri Branch,
No.61 G Santhosh Complex, Pennagaram Road, Dharmapuri – 636 702. Rep. by its Branch Manager. …Applicant
-Vs-
- M/s. Subash Oil and Flour Mill,
Issues for consideration
3 issues framed by the court
Whether the bank's claim for recovery of dues under the Recovery of Debts and Bankruptcy Act, 1993 is sustainable.
Whether the application is within the period of limitation and within the jurisdiction of the Tribunal.
Whether the defendants are liable to pay the principal amount, interest, and costs jointly and severally.
Parties & counsel
- applicant
Bank of Baroda
- respondent
M/s. Subash Oil and Flour Mill
- respondent
Mr. S. Subash
- respondent
Mr. S. Sekar
Coram
Case details
As recorded by the court registry
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