Allowed

Hdfc Bank v. Sh. Harpal Singh

DRT23 Jun 2026OA/701/2026

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal allowed an original application filed by HDFC Bank Limited for recovery of Rs.23,34,408.00 along with costs and simple interest at 8% p.a.

What did the court decide?

Declaration that defendant is liable to pay Rs.23,34,408.00 with costs and simple interest at 8% p.a. Recovery authorized from sale of hypothecated vehicle or attachment of personal assets. Recovery C

What the court decided

AI extract

Hdfc Bank versus Sh. Harpal Singh — Banking and Recovery | DRT (2026)

¶20

It was argued by learned proxy counsel, that in view of the documentary evidence brought on record which had gone unrebutted, the applicant had proved its case. From the perusal of all the Annexures A1 to A10 to this OA, it is proved that the defendant approached applicant for availing of the credit facilities, which were granted to him and for that he had executed all the relevant documents in favour of the bank. The defendant failed to pay back the loan as per terms and conditions of the agreement between the parties. Subsequently, both the accounts of the defendant were classified as NPA. From the documentary evidence brought on record, it is proved that applicant is entitled to recover a sum of Rs.23,34,408.00 (Rupees Twenty Three Lacs Thirty Four Thousand Four Hundred Eight only), along with interest from the defendant, from the date of filing of the present Original Application till realization of the amount. 10. In so far as pendent elite and future rate of interest is concerned, the applicant in relief clause has claimed interest @9.50% p.a. from 17.04.2026 till the realization. The Tribunal is of the considered opinion that sometimes in appropriate cases the prerogative of mercy is the brightest jewel in the crown of the Judge. Keeping in view the facts and circumstances of the instant case including nature of the hypothecated vehicle, undertaking of the defendant, quantum of loan and prevalent market rates of interest which have gone drastically downhill in yester years, while exercising the discretion vested in this Tribunal, this Tribunal deems it just and appropriate to grant simple interest @08.00% p.a. in both the loan accounts from the date of filing of the OA till realization of the amount ordered vide this final order. It is ordered accordingly. 11. In the result, the application is allowed declaring that the defendant is liable to pay to the applicant a total sum of Rs.23,34,408.00 (Rupees Twenty Three Lacs Thirty Four Thousand Four Hundred Eight

Hdfc Bank v. Sh. Harpal Singh

Case brief

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Hdfc Bank v. Sh. Harpal Singh

Case brief

What is this about?

What did the court decide?

What the court decided

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

Similar cases

Punjab National Bank versus Sh. Gurmit Singh and Another

Union Bank of India versus M/S Nutech Engineers Inc. and Others

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