Bank of Baroda v. Garvit
Case brief
What is this about?
The Debt Recovery Tribunal allowed an original application filed by Bank of Baroda for recovery of a loan from the legal heir of a deceased borrower who defaulted on a term facility for a car purchase. The application was decided ex-parte due to the respondent's absence.
What did the court decide?
Directed respondent to pay Rs.41,34,619.23 plus interest and costs within 30 days; recovery from sale of hypothecated Toyota Fortuner and other properties if shortfall.
What the court decided
O.A. No.478 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. 478 of 2024
Bank of Baroda
2230, Outram Lanes, Dr. Mukherjee Nagar GTB Nagar, Delhi-110009
Applicant
Versus
- Sh.Garvit Saharan
Legal heir of borrower Late Sh.Gaurav Saharan R/o D-7/77, Second Floor, Gali No.7 Dayalpur, North East Delhi-110094
Also at:
M/s Saianshi Enterprises Shop No.5, Village Sadarpur Sector 45, Noida, G.B.Nagar, UP-201301
Issues for consideration
2 issues framed by the court
Whether the applicant bank has established its prima facie case of recovery of a loan amount.
Whether the respondent failed to appear and file a written statement in the proceedings.
Parties & counsel
- applicant
Bank of Baroda
- respondent
Sh. Garvit Saharan
Coram
Govind Ballabh Sharma
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court