Allowed

Rajasthan Marudhara Gramin Bank v. Manajit Singh

DRT26 Oct 2023OA/380/2023

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an original application filed by The Rajasthan Marudhara Gramin Bank for recovery of dues totaling Rs.25,67,685/- along with future interest. The court declared the respondents jointly and severally liable and directed issuance of a recovery certificate for realization through sale of secured assets and attachments of personal properties.

What did the court decide?

Debt of Rs.25,67,685/- with future interest directed to be recovered from respondents' hypothecated assets and personal assets via Recovery Officer.

Rajasthan Marudhara Gramin Bank versus Manajit Singh — Execution and Attachment | DRT (2023)

¶1

OA No. 380of2023

¶2

"ORIGINALAPPLICATION" No: 380 OF 2023 BEFORE THE DEBTS RECOVERY TRIBUNAL, JAIPUR PRESENT-SHRI VIVEK SAXENA PRESIDING OFFICER

¶3

O.A. NO. 380 OF 2023

¶4

DATE OF DELIVERY OF ORDER 26.10.2023

¶5

The Rajasthan Marudhara Gramin Bank , herein after called as “RMGB” a Bank and Government of India Undertaking a body corporate constituted under the provisions of the Regional Rural Banks Act, 1976, having its Head Office at Tulsi Tower, 9th B Road, Sardarpura, Jodhpur - 342003, Rajasthan and Stressed Asset Resolution Cell (SARC) 274, Guru Jambeshwar Nagar, Gandhi Path, Vaishali Nagar, Jaipur - 302021 and Branch/Offices all over Rajasthan, including one of its Branch/Office at Rajasthan Marudhara Gramin Bank, Vijaynagar, Dist. Sriganganagarthrough its Assistant General Manager (SARC) Mr. Upendra Shekhawat.

¶6

[Collection A/c No.: 83084389614; IFSC; RMGB0000717] [Branch RMGB; Vaishali Nagar, Jaipur, E-Mail: [email protected]]

¶7

……...Applicant

¶8

VERSUS

¶9

1. Manajit Singh S/O Jang Singh Address– 4, 47 G B, 46 G B B, 46 G B, Teh. Sri Vijaynagar, Dist. Sriganganagar

¶10

(Borrower)

¶11

2. Sukha Singh S/O Manajit Singh

¶12

Address–6, 47 G B BTeh. Sri Vijaynagar, Dist. Sriganganagar

¶13

(Co-Borrower)

¶14

3. Malkeet Singh S/O Jang Singh Address– 4, 47 G B, 46 G B B, 46 G B, Teh. Sri Vijaynagar, Dist. Sriganganagar

¶15

(Guarantor)

¶16

……….RESPONDENTS /DEFENDANTS

OA No. 380of 2023

Counsel for the Applicant Bank: Chandra Sharma/

¶21

Harish

¶22

Mahendra Rana

¶23

Defendants are Ex-Parte

¶24

JUDGMENT

¶25

1. The Applicant Bank filed this O.A. on 22.03.2023, against the Defendants for the recovery of a sum of Rs.25,67,685/with pendentelite & future interest till payment or realization.

¶26

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

¶27

3. Defendants were proceeded ex-parte and their right to file reply was closed.

¶28

4. As stated supra, the applicant bank filed the evidence affidavit coupled with the recitals in the documents, viz Exhibit A/1 to A/19marked on behalf of the applicant bank, clinches the claim of the applicant bank against the defendants. Hence, I hold that the defendants are jointly and severally liable to pay to the applicant bank the claim made in O.A. with future interest and costs.

OA No. 380of 2023

5. In the result, this O.A. No. 380of 2023 is allowed declaring that: -

¶33

a) The defendants are jointly and severally liable to pay to the applicant bank a sum of Rs. 25,67,685/- (TwentyFive Lacs Sixty-Seven Thousand Six Hundred EightyFive), with future interest @10.00 % p.a. (simple) for KCC and for ATL from the defendants from 07.02.2023till the date of realization.

¶34

b) The applicant bank is entitled to recover the above amount by sale of hypothecated whole of the stocks, both present and future, raw materials, work-in-progress, semi-finished goods and finished goods, packing materials etc. and created mortgage of immovable property as under-

¶35

Village	Khata No.	Muraba No.	Area (Hect.)	Shared in Land	Total Area (Hect.)
47 G B B Tehsil Vijaynagar,	47	213/452(14), 213/453(19), 210/454(25), 213/455(33), 213/457(45).	3.100 Hect.	3.100 Hect.
Sriganganagar	55	214/457(44).	1.433 Hect.	1.433 Hect.	5.324 Hect.
	56	211/456(38), 212/457(46).	0.791 Hect.	0.791 Hect.

¶36

as well as from the personal movable and immovable properties/assets of Defendants, jointly and severally. The applicant bank is entitled to proceed against the same towards recovery of its debt.

OA No. 380of 2023

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

¶41

6. The Recovery Certificate be issued forthwith and be sent to the Recovery Officer, DRT, Jaipur.

¶42

7. Parties are directed to appear before the Recovery Officer, DRT, Jaipur on 29.12.2023.

¶43

8. Prepare Recovery Certificate accordingly.

¶44

9. 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.

¶45

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

¶46

Order pronounced in the open court today i.e.,26.10.2023.

¶47

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

OA No. 380of 2023

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

¶52

O.A. NO. 380 OF 2023

¶53

DATE OF DELIVERY OF ORDER 26.10.2023

¶54

RECOVERY CERTIFICATE

¶55

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

¶56

¶57

[Collection A/c No.: 83084389614; IFSC; RMGB0000717] [Branch RMGB; Vaishali Nagar, Jaipur, E-Mail: [email protected]]

¶58

……...Applicant

¶59

VERSUS

¶60

1. Manajit Singh S/O Jang Singh Address– 4, 47 G B, 46 G B B, 46 G B, Teh. Sri Vijaynagar, Dist. Sriganganagar

¶61

(Borrower)

¶62

2. Sukha Singh S/O Manajit Singh

¶63

Address–6, 47 G B BTeh. Sri Vijaynagar, Dist. Sriganganagar

¶64

(Co-Borrower)

¶65

3. Malkeet Singh S/O Jang Singh Address– 4, 47 G B, 46 G B B, 46 G B, Teh. Sri Vijaynagar, Dist. Sriganganagar

¶66

(Guarantor)

¶67

……….RESPONDENTS /DEFENDANTS

OA No. 380of 2023

Recovery Certificate for Rs. 25,67,685/-

¶72

In terms of final order dated 26.10.2023 passed by this Tribunal in the above-mentioned case, it is ordered that the-

¶73

a) The Defendants are jointly and severally liable to pay to the applicant bank a sum of Rs. 25,67,685/- (Twenty-Five Lacs Sixty-Seven Thousand Six Hundred Eighty-Five), with future interest @10.00 % p.a. (simple) for KCC and for ATL from the defendants from 07.02.2023 till the date of realization.

¶74

b) The applicant bank is entitled to recover the above amount by sale of hypothecated whole of the stocks, both present and future, raw materials, work-inprogress, semi-finished goods and finished goods, packing materials etc. and created mortgage of

¶75

immovable property as under-

¶76

Village	Khata No.	Muraba No.	Area (Hect.)	Shared in Land	Total Area (Hect.)
47 G B B Tehsil Vijaynagar,	47	213/452(14), 213/453(19), 210/454(25), 213/455(33), 213/457(45).	3.100 Hect.	3.100 Hect.
Sriganganagar	55	214/457(44).	1.433 Hect.	1.433 Hect.	5.324 Hect.
	56	211/456(38), 212/457(46).	0.791 Hect.	0.791 Hect.

¶77

as well as from the personal movable and immovable properties/assets of Defendants, jointly and severally. The

OA No. 380of 2023

applicant bank is entitled to proceed against the same towards recovery of its debt.

¶82

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

¶83

Parties are directed to appear before the Recovery Officer, DRT, Jaipur on 26.10.2023.

¶84

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 Debtors.

¶85

This Certificate has been issued under my signatures and seal of the Tribunal on this 26.10.2023.

¶86

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

OA No. 380of 2023

BEFORE THE DEBTS RECOVERY TRIBUNAL, JAIPUR PRESENT-SHRI VIVEK SAXENA PRESIDING OFFICER O.A. NO. 380 OF 2023

¶91

DATE OF DELIVERY OF ORDER 26.10.2023

¶92

RECOVERY CERTIFICATE

¶93

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

¶94

¶95

[Collection A/c No.: 83084389614; IFSC; RMGB0000717] [Branch RMGB; Vaishali Nagar, Jaipur, E-Mail: [email protected]]

¶96

……...Applicant

¶97

VERSUS

¶98

1. Manajit Singh S/O Jang Singh Address– 4, 47 G B, 46 G B B, 46 G B, Teh. Sri Vijaynagar, Dist. Sriganganagar

¶99

(Borrower)

¶100

2. Sukha Singh S/O Manajit Singh

¶101

Address–6, 47 G B BTeh. Sri Vijaynagar, Dist. Sriganganagar

¶102

(Co-Borrower)

¶103

3. Malkeet Singh S/O Jang Singh Address– 4, 47 G B, 46 G B B, 46 G B, Teh. Sri Vijaynagar, Dist. Sriganganagar

¶104

(Guarantor)

¶105

……….RESPONDENTS /DEFENDANTS

OA No. 380of 2023

S. No.	Item of Cost	Amount (Rs.)
1	Fee on the Application	28,005.00
2	Process Fee(Inc. Publication)	318.00
3	Advocate Fee	1250.00
4	Commission/Receiver/Valuation	NIL
5	Miscellaneous Charges	NIL
	Total	29,573/-

¶110

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

OA No. 380of 2023

Dated: 26.10.2023

¶115

Counsel: -

¶116

Sh. Harish Chandra Sharma along with Sh. Mahendra Rana Counsel for the Applicant Bank.

¶117

Defendants are ex-parte

¶118

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

¶119

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

OA No. 380of 2023

Dated: 26.10.2023

¶124

Counsel:-

¶125

Sh. Harish Chandra Sharma along with Sh. Mahendra RanaCounsel for the Applicant Bank

¶126

Defendants are ex-parte

¶127

The Tribunal vide order dated 26.10.2023, directed the Registrar to verify the Recovery Certificate as per Regulation 24(1) and (2) of Debts Recovery Tribunal Jaipur Regulation 2015.

¶128

The Registrar vide order dated 26.10.2023 verified the Recovery Certificate as per Regulation 24(1) and (2) of Debts Recovery Tribunal Jaipur Regulation 2015. Recovery Certificate is prepared 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.

¶129

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

OA No. 380of 2023

DEBTS RECOVERY TRIBUNAL, JAIPUR

¶134

ORIGINAL APPLICATION NO. 380 of 2023

¶135

The Recovery Certificate prepared in compliance of order dated 26.10.2023 passed by Hon'ble Presiding Officer, DRT, Jaipur in Original Application No. 380 of 2023 Title- Rajasthan Marudhara Gramin Bank Vs Manajit & Ors. has been checked and may be verified.

¶136

Section Officer

¶137

Assistant Registrar

¶138

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.

¶139

Assistant Registrar

¶140

Hon'ble Presiding Officer

¶141

Rajasthan Marudhara Gramin Bank v. Manajit Singh

Case brief

What is this about?

What did the court decide?

Rajasthan Marudhara Gramin Bank v. Manajit Singh

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

Similar cases

Ashok Kumar Sharma versus Au Small Finance Bank Limited

Paras Mal versus Punjab National Bank

Anand Sharma versus Hdfc Bank

Rajasthan Marudhara Gramin Bank versus Sukhwant Singh

Rajasthan Marudhara Gramin Bank versus Gursewak Singh Jatsikh

Rajasthan Marudhara Gramin Bank versus Nathu Lal Saini