Recovery Case Jurisdiction Upheld Where Account Maintained by Bank Office

Sri Cotton Concern Vs HDFC Bank Limited (DRAT Kolkata) The appeal before the Debts Recovery Appellate Tribunal Kolkata arose from an order dated 7 February 2024 passed by DRT-II, Hyderabad, dismissing an interlocutory application challenging territorial jurisdiction. The original application (O.A. No. 843 of 2019) was filed by the respondent bank for recovery of ₹14,87,82,008.31 along with interest. The bank stated that the cause of action arose when the borrower made the last payment on 29 December 2018, the loan account was classified as NPA on 31 March 2019, and a demand notice under Sect...