Axis Bank v. Aniraj
Case brief
What is this about?
The Debt Recovery Tribunal allowed an original application filed by Axis Bank Limited to recover outstanding dues of ₹60.81 lakh from two defendants who failed to repay a personal vehicle loan and a commercial vehicle loan, directing payment of ₹41.48 lakh within 30 days.
What did the court decide?
Defendants directed to pay ₹41,48,716.52 plus pendentelite, future interest @24% p.a., and costs within 30 days; recovery via sale of vehicles if not paid.
What the court decided
O.A. No.766 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. 766 of 2024
Axis Bank Limited
Axis Bank Limited, 'Axis House' Jaypee Greens Wish Town, 1-14 Tower-2, 2nd Floor, Sector-128 Noida Expressway, Npida-201301
Applicant
Versus
- Sh.Aniraj R/o H.No.7, Badoli Mohalla Near Main Gali, Sunder Pur North West Delhi-110036
- Sh.Aniket
R/o H.No.7, Badoli Mohalla Near Main Gall, Sunder Pur North West Delhi-110036 Defendants
Present: Shri Shubham Kumar Dubey, Counsel for the applicant bank
Issues for consideration
2 issues framed by the court
Whether the applicant bank is entitled to recover outstanding dues from borrowers who failed to comply with loan agreements.
Whether the Original Application filed for recovery of vehicle loan and commercial vehicle loan dues should be allowed.
Parties & counsel
- applicant
Axis Bank Limited
- respondent
Sh.Aniraj
- respondent
Sh.Aniket
Coram
Case details
As recorded by the court registry
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