Allowed

State Bank of India v. Mr Sunil Kumar Singh

DRT9 Mar 2023OA/215/2022

Case brief

AI extract

What is this about?

Debts Recovery Tribunal allowed State Bank of India's original application for recovery of Rs 36.52 lakh. The court declared the defendants jointly and severally liable and issued a Recovery Certificate permitting enforcement against mortgaged and property assets.

What did the court decide?

Declarations of liability for Rs 36,51,794 with interest; right to recover via sale of mortgaged property and other assets; award of costs totaling Rs 40,324.

State Bank of India versus Mr Sunil Kumar Singh — Banking and Recovery | DRT (2023)

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“ORIGINALAPPLICATION” No. 215 of 2022

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BEFORE THE DEBTS RECOVERY TRIBUNAL, JAIPUR PRESENT- SHRI VIVEK SAXENA

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PRESIDING OFFICER

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O.A. NO. 215 OF 2022

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DATE OF DELIVERY OF ORDER 09.03.2023

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STATE BANK OF INDIA

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Branch Office – SARB, 3^RD Floor, Matrix Mall, Sector-4, Jawahar Nagar, Jaipur (Raj.)

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…..Applicant Bank…..

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VERSUS

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1. MR. SUNIL KUMAR SINGH

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S/o Mr. Lalan Prasad Singh

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R/o Flat No. 22, Ground Floor, Block A-6, Pocket-2, Sector G-2, Near Bharat Mata Public School, Narela, Delhi.

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2. M/S SHIV SHAKTI REAL HOMES PVT. LTD. 501-503, Diamond Tower, Near Purani Chungi, Ajmer Road, Jaipur (Raj.) 302019

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……Defendants…..

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Counsel for the Applicant Bank Sh. Jhabar Swami Defendants Ex parte

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JUDGMENT

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This Original Application was filed by Applicant Bank against Defendants on 21.01.2022 for recovery of an amount of Rs 36,51,794/- with pendentlite and future interest and cost.

OA No. 215 of 2022

As per O.A., Defendants approached the Applicant Bank for financial assistance. After due consideration, credit facility was sanctioned by the Applicant Bank in favour of Defendants. Defendants failed to maintain financial discipline and therefore, their loan account was classified as NPA. Applicant Bank has therefore, filed this original application for recovery of its dues against the Defendants.

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Defendants were proceeded ex parte on 25.11.2022.

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Heard arguments and perused the record.

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6 As stated supra, the Applicant Bank filed the evidence affidavit coupled with the recitals in the documents, viz Exhibit A/1 to A/15 marked on behalf of the applicant bank, clinches the claim of the applicant bank against the Defendants. Hence, I hold that the Defendants are jointly & severally liable to pay to the applicant bank the claim made in O.A. with future interest and costs.

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In the result, this O.A. No. 215 of 2022 is allowed declaring that:-

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a) The Defendants are jointly & severally liable to pay to the applicant bank a sum of Rs. 36,51,794/(Thirty Six Lac Fifty One Thousand Seven Hundred Ninety Four Only) with future interest @ 10.55% p.a. (Simple) from 21.01.2022 till the date of realization.

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b) The applicant bank is entitled to recover the above amount by sale of mortgaged property –Flat No. 302, 3^rd Floor, Wing-E, SHIVRAJ RESIDENCY, Omaxe City, Ajmer Road, Jaipur (Raj.) as well as from the personal movable and immovable properties/assets of Defendants. The applicant bank is entitled to proceed against the same towards recovery of its debt.

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c) The applicant bank is entitled to the costs of the O.A.

OA No. 215 of 2022

The recovery certificate be issued forthwith and be sent to the Recovery Officer, DRT, Jaipur.

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Parties are directed to appear before the Recovery Officer, DRT, Jaipur on 09.06.2023 .

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Prepare Recovery Certificate accordingly.

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A copy of the Judgment and Recovery Certificate be given or sent by registered post to each of the parties free. A copy of the Recovery Certificate be sent to the Recovery Officer of this Tribunal for necessary action as per the law.

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(Vivek Saxena) Presiding Officer, Debts Recovery Tribunal, Jaipur Order pronounced in the open court today i.e. 09.03.2023 . (Vivek Saxena) Presiding Officer, Debts Recovery Tribunal, Jaipu

OA No. 215 of 2022

BEFORE THE DEBTS RECOVERY TRIBUNAL, JAIPUR PRESENT- SHRI VIVEK SAXENA

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PRESIDING OFFICER

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O.A. NO. 215 OF 2022

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DATE OF DELIVERY OF ORDER 09.03.2023

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RECOVERY CERTIFICATE

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(UNDER SUB Section 22 of the Recovery of Debts due to Banks and Financial Institutions Act, 1993 (Act 51 of 1993)

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STATE BANK OF INDIA

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Branch Office – SARB, 3^RD Floor, Matrix Mall, Sector-4, Jawahar Nagar, Jaipur (Raj.)

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…..Applicant Bank…..

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VERSUS

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1. MR. SUNIL KUMAR SINGH

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S/o Mr. Lalan Prasad Singh

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R/o Flat No. 22, Ground Floor, Block A-6, Pocket-2, Sector G-2, Near Bharat Mata Public School, Narela, Delhi.

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2. M/S SHIV SHAKTI REAL HOMES PVT. LTD. 501-503, Diamond Tower, Near Purani Chungi, Ajmer Road, Jaipur (Raj.) 302019

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……Defendants…..

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Recovery Certificate for Rs. 36,51,794/-

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In terms of final order dated 09.03.2023 passed by this Tribunal in the above mentioned case, it is ordered that the-

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a) The Defendants are jointly & severally liable to pay to the applicant bank a sum of Rs. 36,51,794/(Thirty Six Lac Fifty One Thousand Seven Hundred Ninety Four Only) with future interest @ 10.55% p.a. (Simple) from 21.01.2022 till the date of realization.

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b) The applicant bank is entitled to recover the above amount by sale of mortgaged property –Flat No.

OA No. 215 of 2022

302, 3^rd Floor, Wing-E, SHIVRAJ RESIDENCY, Omaxe City, Ajmer Road, Jaipur (Raj.) as well as from the personal movable and immovable properties/assets of Defendants. The applicant bank is entitled to proceed against the same towards recovery of its debt.

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c) The applicant bank is entitled to the costs of the O.A.

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Parties are directed to appear before the Recovery Officer, DRT, Jaipur on 09.06.2023 .

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The Recovery Officer shall realize the amount as per this Certificate in the manner and mode prescribed under Section 25 and 28 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (as amended from time to time) from the above named Certificate Debtor.

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This Certificate has been issued under my signatures and seal of the Tribunal on this 09.03.2023 .

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(Vivek Saxena) Presiding Officer, Debts Recovery Tribunal, Jaipur

OA No. 215 of 2022

BEFORE THE DEBTS RECOVERY TRIBUNAL, JAIPUR PRESENT- SHRI VIVEK SAXENA

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PRESIDING OFFICER

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O.A. NO. 215 OF 2022

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DATE OF DELIVERY OF ORDER 09.03.2023

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SCHEDULE TO RECOVERY CERTIFICATE

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MEMO OF COST

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STATE BANK OF INDIA

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Branch Office – SARB, 3^RD Floor, Matrix Mall, Sector-4, Jawahar Nagar, Jaipur (Raj.)

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…..Applicant Bank…..

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VERSUS

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1. MR. SUNIL KUMAR SINGH

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S/o Mr. Lalan Prasad Singh

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R/o Flat No. 22, Ground Floor, Block A-6, Pocket-2, Sector G-2, Near Bharat Mata Public School, Narela, Delhi.

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2. M/S SHIV SHAKTI REAL HOMES PVT. LTD.

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501-503, Diamond Tower, Near Purani Chungi, Ajmer Road, Jaipur (Raj.) 302019

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……Defendants…..

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S.No.	Item of Costs	Amount (Rs.)
1	Fee on the Application	39,000.00
2	Process Fee (Inc. Publication)	74.00
3	Advocate Fee	1,250.00
4	Commission/Receiver/Valuation	NIL
5.	Miscellaneous Charges	NIL
	Total	40,324.00

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Presiding Officer, Debts Recovery Tribunal, Jaipur

OA No. 215 of 2022

09.03.2023

Counsel:

Sh. Jhabar Swami, Counsel for Applicant Bank Defendants are ex parte

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Judgment dictated separately and pronounced in the open court. As per order the O.A. is allowed. Recovery Certificate be prepisd accordingly and the Registry is directed to verify the Recovery Certificate as per Regulation 24(1) and (2) of Debts Recovery Tribunal Jaipur Regulation 2015 and after verification place the same before the Tribunal.

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(Vivek Saxena) Presiding Officer, Debts Recovery Tribunal, Jaipur

OA No. 215 of 2022

09.03.2023

Counsel:

Sh. Jhabar Swami, Counsel for Applicant Bank Defendants are ex parte

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The Tribunal vide order dated 09.03.2023 , directed the Registrar to verify the Recovery Certificate as per Regulation 24(1) and (2) of Debts Recovery Tribunal Jaipur Regulation 2015.

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The Registrar vide order dated 09.03.2023 verified the Recovery Certificate as per Regulation 24(1) and (2) of Debts Recovery Tribunal Jaipur Regulation 2015. Recovery Certificate is prepisd accordingly. Copy of the Judgment and Recovery Certificate be given free to the concerned parties as well as be sent to the Recovery Officer for further proceedings. File be put up before the Registrar for compliance. After compliance file be consigned to record.

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(Vivek Saxena) Presiding Officer, Debts Recovery Tribunal, Jaipur

OA No. 215 of 2022

DEBTS RECOVERY TRIBUNAL, JAIPUR

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ORIGINAL APPLICATION NO. 215 of 2022

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The Recovery Certificate prepisd in compliance of order dated 09.03.2023 passed by Hon’ble Presiding Officer, DRT, Jaipur in Original Application No. 215 of 2022 Title State Bank of India Vs Sunil Kumar Singh & Anr. has been checked and may be verified.

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Section Officer

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Assistant Registrar

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On the basis of the report of Section Officer the Recovery Certificate is verified. The Recovery Certificate is placed below for the signature of Hon’ble Presiding Officer please.

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Assistant Registrar

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Hon’ble Presiding Officer

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State Bank of India v. Mr Sunil Kumar Singh

Case brief

What is this about?

What did the court decide?

State Bank of India v. Mr Sunil Kumar Singh

Case brief

What is this about?

What did the court decide?

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