Bank of Baroda v. Gowri
Case brief
What is this about?
DRT-III Chennai granted an interlocutory order on a bank's application seeking security and attachment of the first respondent's property to prevent alienation or encumbrance pending the disposal of a recovery application for a substantial loan amount.
What did the court decide?
Direction to show cause within 15 days to furnish security of Rs. 1.41 Cr less realized amounts, failing which conditional attachment of the schedule property will be ordered.
What the court decided
IA No.46/26 in TA No.241/2023
22.01.2026
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 22nd day of January, 2026
Present: SMT. S.V. GOWRAMMA Presiding Officer
I.A. No.46 of 2026 in T.A. No. 241 of 2023
BANK OF BARODA CHENNAI. Rep. by its Chief Manager, No.234, T.H. Road Tondiarpet, Chennai-600 081.
….Petitioner / Applicant
-Vs-
- Mrs. N. GOWRI W/o. Mr. Nithyanandam D-205, Brindavan Apartments No.67, Cross Road, New Washermanpet, Chennai-600 081.
- Mr. V. NITHYANANDAM, S/o. Varadharajulu D-205, Brindavan Apartments No.67, Cross Road, New Washermanpet Chennai-600 081.
Issues for consideration
2 issues framed by the court
Whether to grant security or attachment of respondent's property to protect recovery of bank dues given risk of alienation.
Whether prima facie case exists for ordering security under Section 19(13)(A) of RDB Act without deciding merits.
Parties & counsel
- applicant
Bank of Baroda Chennai
- respondent
N. Gowri
- respondent
Nithyanandam
Coram
Case details
As recorded by the court registry
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