๐’๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ๐Ÿ๐ฎ๐ฅ ๐‘๐ž๐œ๐จ๐ฏ๐ž๐ซ๐ฒ ๐จ๐Ÿ โ‚น126.23 ๐‚๐ซ๐จ๐ซ๐ž๐ฌ ๐’๐ž๐œ๐ฎ๐ซ๐ž๐ ๐Ÿ๐จ๐ซ ๐ˆ๐ง๐๐ข๐š๐ง ๐Ž๐ฏ๐ž๐ซ๐ฌ๐ž๐š๐ฌ ๐๐š๐ง๐ค ๐›๐ž๐Ÿ๐จ๐ซ๐ž ๐ƒ๐‘๐“-๐ˆ๐ˆ๐ˆ, ๐ƒ๐ž๐ฅ๐ก๐ข

Aretha Legal is pleased to announce another favorable recovery order secured before the Debts Recovery Tribunal-III, Delhi, in TA No. 416/2022 (originally filed as OA No. 351/2021).

The matter was led by Ronnie S. Brara, Principal Associate, under the guidance of Mrs. Aanchal Tandon, Senior Partner on behalf of Indian Overseas Bank, seeking recovery of dues arising out of credit facilities extended to M/s Jyoti Buildtech Pvt. Ltd. (under CIRP before the Honโ€™ble NCLT), with liability pressed against the guarantors and mortgagors.

Despite due service of summons, the guarantors and mortgagors failed to contest the proceedings and were proceeded ex parte. After detailed examination of sanction documents, guarantees, and mortgage deeds, the Tribunal directed recovery of โ‚น126.23 ๐‚๐ซ๐จ๐ซ๐ž๐ฌ ๐ฉ๐ฅ๐ฎ๐ฌ ๐ฉ๐ž๐ง๐๐ž๐ง๐ญ๐ž ๐ฅ๐ข๐ญ๐ž ๐š๐ง๐ ๐Ÿ๐ฎ๐ญ๐ฎ๐ซ๐ž ๐ข๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ, holding the guarantors and mortgagors jointly and severally liable.

This outcome further strengthens Aretha Legalโ€™s track record in securing debt recovery orders in banking disputes involving insolvency overlaps and high-value credit facilities.