Axis Bank v. Jagan
Case brief
What is this about?
The Debt Recovery Tribunal allowed the original application filed by a bank against home loan borrowers and a construction firm. The court found the defendants in default, admitted the bank's evidence, and authorized recovery of the principal sum with interest.
What did the court decide?
Direction to recover Rs. 21,12,153/- with further interest and liberty to sell mortgaged and personal assets.
What the court decided
T.A. No. 1130 of 2023
05.02.2026
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 05th day of February, 2026
Present: SMT. S.V. GOWRAMMA Presiding Officer
TRANSFERRED APPLICATION No. 1130 of 2023
(Originally filed before DRT- II, Chennai as OA 273/2019 and thereafter transferred to this Tribunal and renumbered as TA No 1130 of 2023)
M/s. Axis Bank Ltd. Kodambakkam Branch, 4th Floor Arcot Plaza, Old No.38, New No.165, Arcot Road, Kodambakkam, Chennai – 600 024, Represented by its Authorized Signatory ….Applicant
-Vs-
- Mr. Jagan, S/o. Mr. Palani, No.4/194, Sidco Nagar, E-Type, 38th Street, Villivakkam Chennai- 600 049.
Issues for consideration
2 issues framed by the court
Whether the bank established its claim for recovery of dues in the absence of contesting defendants.
Whether the application is barred by limitation and within the jurisdiction of the Tribunal.
Parties & counsel
- applicant
M/s. Axis Bank Ltd.
- respondent
Mr. Jagan
- respondent
Mrs. Hemalatha
- respondent
M/s. Shree Andal Foundation Pvt. Ltd.
Coram
Case details
As recorded by the court registry
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