Hdfc Bank v. Suraj
Case brief
What is this about?
The Debt Recovery Tribunal allowed an Original Application filed by HDFC Bank Limited for recovery of dues from a defendant who defaulted on a two-wheeler and car loan. The defendant was absent, and the Tribunal proceeded ex-parte, directing payment of the principal amount along with interest and costs.
What did the court decide?
Directed the defendant to pay Rs.21,58,023.74 along with pendentelite, future interest, and costs within 30 days; alternatively, recovery through sale of hypothecated vehicles and other assets.
What the court decided
O.A. No.551 of 2023
Debts Recovery Tribunal-I, Delhi 4th floor, Jeevan Tara Building, Parliament Street, New Delhi
Presiding Officer: Shri Govind Ballabh Sharma
O.A. No. 551 of 2023
HDFC Bank Limited
1st Floor, Tower A, Plot No.31 Najafgarh Industrial Area, Shivaji Marg, Moti Nagar, New Delhi-110015
Applicant
Versus
Sh.Suraj Kumar
Resident of Plot No.590, 3rd Floor New Ashok Nagar, Vasundhara Enclave Near Metro Station, Delhi-110096
Also at:
Sh.Suraj Kumar
c/o Shivani Furniture
Issues for consideration
1 issue framed by the court
Whether the Original Application for recovery of loan dues sanctioned under the RDB Act deserves to be allowed in the absence of the defendant.
Parties & counsel
- applicant
HDFC Bank Limited
- respondent
Sh. Suraj Kumar
Coram
Govind Ballabh Sharma
Case details
As recorded by the court registry
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