Hdfc Bank v. Babu Lal
Case brief
What is this about?
The Tribunal allowed the bank's application for recovery of outstanding loan dues against two borrowers, declaring them jointly and severally liable. The bank was granted a recovery certificate to recover the debt through the sale of hypothecated vehicles and other assets.
What did the court decide?
Recovery Certificate issued for Rs. 24,10,613.58/- with interest, recoverable from sale of hypothecated vehicles and personal assets.
What the court decided
“ORIGINAL APPLICATION” No. 801 of 2023
BEFORE THE DEBTS RECOVERY TRIBUNAL, JAIPUR PRESENT- SHRI VIMAL GUPTA
PRESIDING OFFICER
O.A. NO. 801 OF 2023
DATE OF DELIVERY OF ORDER 04.08.2026
HDFC Bank Limited , Registered Office at HDFC Bank House, Senapati Bapat Marg, Lower Parel (West) Mumbai - 400013, Regional Branch Office is: 4th Floor, Time Square Building, Central Spine, Vidhyadhar Nagar, Jaipur-302023, Rajasthan, through authorized signatory Karunesh Srivastava .
…..Applicant Bank…..
VERSUS
1. Mr. Babu Lal Meena S/o Vijay Ram Meena R/o Village Ishwana, Vabeli Rajgarh, Alwar - 301408, Rajasthan.
2. Mr. Yogesh Kumar Meena S/o Mr. Vijay Ram Meena R/o Village Ishwana, Vabeli Rajgarh Alwar - 301408, Rajasthan.
……Defendants…..
Issues for consideration
2 issues framed by the court
Whether the Defendants are liable to pay the outstanding loan amount recovered by the Debt Recovery Tribunal.
Whether the recovery certificate may be issued for sale of hypothecated assets and personal properties.
Parties & counsel
- applicant
HDFC Bank Limited
- respondent
Mr. Babu Lal Meena
- respondent
Mr. Yogesh Kumar Meena
Coram
Case details
As recorded by the court registry
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