Allowed

State Bank of India v. M/S Patanjali Chikitsalaya

DRT16 Jun 2023OA/702/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the bank's original application for recovery of an outstanding loan of Rs. 63,26,738.46 with interest. The tribunal held defendants jointly and severally liable, permitted recovery through asset sale, and directed issuance of a recovery certificate.

What did the court decide?

Defendants directed to be jointly and severally liable to pay Rs. 63,26,738.46 with interest; bank entitled to recover via sale of assets; recovery certificate to be issued.

State Bank of India versus M/S Patanjali Chikitsalaya — Banking and Recovery | DRT (2023)

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“ORIGINALAPPLICATION” No. 702 of 2022

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

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PRESIDING OFFICER

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O.A. NO. 702 OF 2022

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DATE OF DELIVERY OF ORDER 16.06.2023

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STATE BANK OF INDIA

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Branch Office – SARB, Matrix Mall, Sector 4, Jawahar Nagar, Jaipur

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…..Applicant Bank…..

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VERSUS

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1. M/S PATANJALI CHIKITSALAYA

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Through Proprietor Mamta Devi D/o Sh. Rajendra Yadav Registered Office – Near Police Chowki, RSRTC Depot

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Main Gate, Kotputli, District Jaipur.

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2. MAMTA YADAV

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D/o Sh. Rajendra Yadav

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R/o House No. 11, Near Telephone Exchange,

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Adarsh Nagar, Ward No. 11, Kotputli,

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District Jaipur.

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3. SH. RAMESHWAR LAL YADAV

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S/o Chetram Yadav

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R/o Mohalla Basdi, Patel Colony, Ward No. 11, Kotputli, District Jaipur.

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……Defendants…..

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Counsel for the Applicant Bank Sh. Anil Kumar Sharma None for the Defendants

OA No. 702 of 2022

JUDGMENT

This Original Application was filed by the applicant bank on 24.05.2022 for recovery of outstanding amount of Rs. 63,26,738.46 from the Defendants.

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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 03.01.2023.

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Heard arguments and perused the record.

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As stated supra, the Applicant Bank filed the evidence affidavit coupled with the recitals in the documents, viz Exhibit A/1 to A/17 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. 702 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. 63,26,738.46 (Rupees Sixty Three Lac Twenty Six Thousand Seven Hundred Thirty Eight and Forty Six Paisa only) with future interest @ 9.80% p.a. from 24.05.2022 till the date of realization.

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b) The applicant bank is entitled to recover the above amount by sale of hypothecated assets and mortgaged property – Residential Land Total Area 224 Sq. Yard, Mohalla Basri, Patel Colony, Ward No. 11, Kotputli, District Jaipur as well as from the personal movable and immovable properties/assets

OA No. 702 of 2022

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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1. 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 16.09.2023 .

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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. 16.06.2023 . (Vivek Saxena) Presiding Officer, Debts Recovery Tribunal, Jaipur

OA No. 702 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. 702 OF 2022

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DATE OF DELIVERY OF ORDER 16.06.2023

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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, Matrix Mall, Sector 4, Jawahar Nagar, Jaipur

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…..Applicant Bank…..

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VERSUS

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1. M/S PATANJALI CHIKITSALAYA

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Through Proprietor Mamta Devi D/o Sh. Rajendra Yadav Registered Office – Near Police Chowki, RSRTC Depot Main Gate, Kotputli, District Jaipur.

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2. MAMTA YADAV

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D/o Sh. Rajendra Yadav

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R/o House No. 11, Near Telephone Exchange,

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Adarsh Nagar, Ward No. 11, Kotputli,

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District Jaipur.

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3. SH. RAMESHWAR LAL YADAV

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S/o Chetram Yadav

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R/o Mohalla Basdi,

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Patel Colony, Ward No. 11, Kotputli, District Jaipur.

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……Defendants…..

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Recovery Certificate for Rs. 63,26,738.46

OA No. 702 of 2022

In terms of final order dated 16.06.2023 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. 63,26,738.46 (Rupees Sixty Three Lac Twenty Six Thousand Seven Hundred Thirty Eight and Forty Six Paisa only) with future interest @ 9.80% p.a. from 24.05.2022 till the date of realization.

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b) The applicant bank is entitled to recover the above amount by sale of hypothecated assets and mortgaged property – Residential Land Total Area 224 Sq. Yard, Mohalla Basri, Patel Colony, Ward No. 11, Kotputli, District Jaipur 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 16.09.2023 .

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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 16.06.2023 .

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

OA No. 702 of 2022

BEFORE THE DEBTS RECOVERY TRIBUNAL, JAIPUR

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PRESENT- SHRI VIVEK SAXENA

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PRESIDING OFFICER

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O.A. NO. 702 OF 2022

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DATE OF DELIVERY OF ORDER 16.06.2023

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SCHEDULE TO RECOVERY CERTIFICATE MEMO OF COST

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STATE BANK OF INDIA

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Branch Office – SARB, Matrix Mall, Sector 4, Jawahar Nagar, Jaipur

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…..Applicant Bank…..

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VERSUS

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1. M/S PATANJALI CHIKITSALAYA

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Through Proprietor Mamta Devi D/o Sh. Rajendra Yadav Registered Office – Near Police Chowki, RSRTC Depot Main Gate, Kotputli, District Jaipur.

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2. MAMTA YADAV

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D/o Sh. Rajendra Yadav

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R/o House No. 11, Near Telephone Exchange,

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Adarsh Nagar, Ward No. 11, Kotputli,

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District Jaipur.

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3. SH. RAMESHWAR LAL YADAV

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S/o Chetram Yadav

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R/o Mohalla Basdi,

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Patel Colony, Ward No. 11, Kotputli, District Jaipur.

……Defendants…..

		OA No. 702 of 2022
S.No.	Item of Costs	Amount (Rs.)
1	Fee on the Application	66,000.00
2	Process Fee (Inc. Publication)	261.00
3	Advocate Fee	1,250.00
4	Commission/Receiver/Valuation	NIL
5.	Miscellaneous Charges	NIL
	Total	67,511.00

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Presiding Officer, Debts Recovery Tribunal, Jaipur

OA No. 702 of 2022

16.06.2023

Counsel:

Sh. Anil Kumar Sharma, 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. 702 of 2022

16.06.2023

Counsel:

Sh. Anil Kumar Sharma, Counsel for Applicant Bank Defendants are ex parte

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The Tribunal vide order dated 16.06.2023 , 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 16.06.2023 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. 702 of 2022

DEBTS RECOVERY TRIBUNAL, JAIPUR

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ORIGINAL APPLICATION NO. 702 of 2022

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The Recovery Certificate prepisd in compliance of order dated 16.06.2023 passed by Hon’ble Presiding Officer, DRT, Jaipur in Original Application No. 702 of 2022 Title State Bank of India Vs M/s Patanjali Chikitsalaya & Ors. 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. M/S Patanjali Chikitsalaya

Case brief

What is this about?

What did the court decide?

State Bank of India v. M/S Patanjali Chikitsalaya

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

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