Uco Bank v. Vilas Shinde
Case brief
What is this about?
Debts Recovery Tribunal allowed the Applicant Bank's original application for recovery of Rs. 32,13,014/- with future interest at 9% per annum against four respondents, who were suoi and guarantors, and granted direction to sell mortgaged agricultural land.
What did the court decide?
Direction to pay Rs. 32,13,014/- with future interest at 9% p.a.; permission to sell mortgaged property; issuance of Recovery Certificate.
What the court decided
Presented on .. 24.11.2022 Registered on .. 12.04.2023 Decided on .. 18.02.2026 Duration .. Y—M—D 03--02--24
IN THE DEBTS RECOVERY TRIBUNAL AT PUNE ( Before Shri Dilip G. Murumkar, Presiding Officer ) ORIGINAL APPLICATION No. 474/2023.
UCO Bank,
A Corporate Body constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act 1970 and having its head office at 10, B.T.M. Sarani, Kolkata and branch office at – Market Yard, Indapur Road, Baramati, Taluka Baramati, District Pune.
… Applicant
Versus
- 1 Shri Vilas Dattatraya Shinde, Age Adult, Occ. Agriculture, R/At & Post Bori, Taluka Indapur, District Pune 413 104.
- 2 Sou. Alka Vilas Shinde, Age Adult, Occ. Agriculture, R/At & Post Bori, Taluka Indapur, District Pune 413 104.
- 3 Shri Manik Krushna Pathak, Age Adult, Occ. Agriculture, R/At & Post Bori, Taluka Indapur, District Pune 413 104.
Sanap ( OA No. 474/2023 ) 1 of 5
Issues for consideration
1 issue framed by the court
Whether the Applicant Bank is entitled to recover the claimed dues along with future interest?
Parties & counsel
- applicant
UCO Bank
- respondent
Shri Vilas Dattatraya Shinde
- respondent
Sou. Alka Vilas Shinde
- respondent
Shri Manik Krushna Pathak
- respondent
Shri Bhagwan Ramchandra Agarkar
Case details
As recorded by the court registry
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