Allowed

Rajasthan Marudhara Gramin Bank v. Puran @ Puran Chand

DRT23 Oct 2023OA/722/2023

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the Applicant Bank's original application for recovery against borrowers and guarantors. The court held them jointly and severally liable to pay dues with future interest and authorized recovery via sale of hypothecated assets and mortgaged properties.

What did the court decide?

Recovery of Rs. 33,26,823/- with future interest from defendants via sale of hypothecated assets and mortgaged properties by issuing a Recovery Certificate.

Rajasthan Marudhara Gramin Bank versus Puran @ Puran Chand — Banking and Recovery | DRT (2023)

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OA No. 722 of2023

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"ORIGINALAPPLICATION" No: 722 OF 2023 BEFORE THE DEBTS RECOVERY TRIBUNAL, JAIPUR PRESENT-SHRI VIVEK SAXENA PRESIDING OFFICER

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O.A. NO. 722 OF 2023

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DATE OF DELIVERY OF ORDER 23.10.2023

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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, Rawatsar, Dist. Hanumangarh through its Assistant General Manager (SARC) Mr. Upendra Shekhawat.

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

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……...Applicant

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VERSUS

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1. Puran @ Puran Chand S/O Chandu Meghwal

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Address Line 1 – 200 Nyolakhi PO. NyolakhiTeh. Rawatsar Dist. Hanumangarh-335524

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Address Line 2 – Ward No. 01 PO. NyolakhiTeh. Rawatsar Dist. Hanumangarh-335524

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(Borrower)

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2. Lalchand S/O Puran Meghwal Address Line 1 – Village Logasar, P.O. Rajmathai, Teh. Bhaniyana, Dist. Jaislmer Address Line 2 –149, Kesari Ji Dham Ke Pas NyolakhiTeh. Rawatsar Dist. Hanumangarh-335524

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(Co-Borrower)

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3. Ramkumar S/O Banwarilal Address Line 1 –Village 15 16 KWD Hanumangarh Address Line 2 –Ward No. 03 Chak 15, 16 KWD, 15 KWD Teh. Rawatsar Dist. Hanumangarh335524

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(Guarantor)

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……….RESPONDENTS /DEFENDANTS

OA No. 722of 2023

Counsel for the Applicant Bank: Harish Chandra Sharma/ Mahendra Rana

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Defendants are Ex-Parte

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JUDGMENT

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1. The Applicant Bank filed this O.A. on 21.04.2023, against the Defendants for the recovery of a sum of Rs. 33,26,823/with pendentelite & future interest till payment or realization.

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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.

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

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4. As stated supra, the applicant bank filed the evidence affidavit coupled with the recitals in the documents, viz Exhibit A/1 to A/17marked 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. 722of 2023

5. In the result, this O.A. No722of 2023 is allowed declaring that: -

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a) The defendants are jointly and severally liable to pay to the applicant bank a sum of Rs. 33,26,823/- (ThirtyThree Lakh Twenty-Six Thousand Eight Hundred Twenty-Three Only), with future interest @10.00 % p.a. (simple) for KCC and for ATL from the defendants from 02.02.2023 till the date of realization.

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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 immovable property as under-

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Village	Khata	Khasra	Area	Shared in	Total Area
	No.	No.	(Hect.)	Land	(Hect.)
		19/13(32)	0.684 Hect.
7 KKMA Rawatsar,	44	19/5(33)	4.301 Hect.	6.250 Hect.	6.250 Hect.
Hanumangarh		239/61(34)	0.759 Hect.
		19/6(52)	0.506 Hect.

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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.

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

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

OA No. 722of 2023

7. Parties are directed to appear before the Recovery Officer, DRT, Jaipur on 28.12.2023.

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8. Prepare Recovery Certificate accordingly.

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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.

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

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Order pronounced in the open court today i.e.,23.10.2023.

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

OA No. 722of 2023

BEFORE THE DEBTS RECOVERY TRIBUNAL, JAIPUR PRESENT-SHRI VIVEK SAXENA PRESIDING OFFICER O.A. NO. 722 OF 2023

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DATE OF DELIVERY OF ORDER 23.10.2023

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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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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, Rawatsar, Dist. Hanumangarhthrough its Assistant General Manager (SARC) Mr. Upendra Shekhawat.

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

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...Applicant.....

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VERSUS

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1. Puran @ Puran Chand S/O Chandu Meghwal Address Line 1 – 200 Nyolakhi PO. NyolakhiTeh. Rawatsar Dist. Hanumangarh-335524 Address Line 2 – Ward No. 01 PO. NyolakhiTeh. Rawatsar Dist. Hanumangarh-335524

(Borrower)

(Co-Borrower)

3. Ramkumar S/O Banwarilal Address Line 1 –Village 15 16 KWD Hanumangarh Address Line 2 –Ward No. 03 Chak 15, 16 KWD, 15 KWD Teh. Rawatsar Dist. Hanumangarh335524

OA No. 722of 2023

(Guarantor) ……….RESPONDENTS /DEFENDANTS

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Recovery Certificate for Rs. 33,26,823/-

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In terms of final order dated 23.10.2023 passed by this Tribunal in the above-mentioned case, it is ordered that the-

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a) The Defendants are jointly and severally liable to pay to the applicant bank a sum of Rs. 33,26,823/- (Thirty-Three Lakh Twenty-Six Thousand Eight Hundred TwentyThree Only), with future interest @10.00 % p.a. (simple) for KCC and for ATL from the defendants as on02.02.2023 till the date of realization.

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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,

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packing materials etc. and created mortgage of

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immovable property as under-

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Village	Khata	Khasra	Area	Shared in	Total Area
	No.	No.	(Hect.)	Land	(Hect.)
		19/13(32)	0.684 Hect.
7 KKMA Rawatsar, Hanumangarh	44	19/5(33) 239/61(34)	4.301 Hect. 0.759 Hect.	6.250 Hect.	6.250 Hect.
		19/6(52)	0.506 Hect.

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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.

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

OA No. 722of 2023

Parties are directed to appear before the Recovery Officer, DRT, Jaipur on 28.12.2023.

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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 Debtors.

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This Certificate has been issued under my signatures and seal of the Tribunal on this 23.10.2023.

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

OA No. 722of 2023

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

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O.A. NO. 722 OF 2023

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DATE OF DELIVERY OF ORDER 23.10.2023

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SCHEDULE TO RECOVERY CERTIFICATE

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MEMO OF COST

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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, Rawatsar, Dist. Hanumangarhthrough its Assistant General Manager (SARC) Mr. Upendra Shekhawat.

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

...APPLICANT

VERSUS

(Borrower)

2. Lalchand S/O Puran Meghwal

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Address Line 1 – Village Logasar, P.O. Rajmathai, Teh. Bhaniyana, Dist. Jaislmer Address Line 2 –149, Kesari Ji Dham Ke Pas NyolakhiTeh. Rawatsar Dist. Hanumangarh-335524

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(Co-Borrower)

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3. Ramkumar S/O Banwarilal Address Line 1 –Village 15 16 KWD Hanumangarh

OA No. 722of 2023

Address Line 2 –Ward No. 03 Chak 15, 16 KWD, 15 KWD Teh. Rawatsar Dist. Hanumangarh335524

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(Guarantor)

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……….RESPONDENTS /DEFENDANTS

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S. No.	Item of Cost	Amount (Rs.)
1	Fee on the Application	36,005.00
2	Process Fee(Inc. Publication)	636.00
3	Advocate Fee	1250.00
4	Commission/Receiver/Valuation	NIL
5	Miscellaneous Charges	NIL
	Total	37,891/-

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

OA No. 722of 2023

Dated: 23.10.2023

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Counsel:-

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

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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 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.

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

OA No. 722of 2023

Dated: 23.10.2023

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Counsel:-

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

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Defendants are ex-parte

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The Tribunal vide order dated 23.10.2023, 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 23.10.2023 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.

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

OA No. 722of 2023

DEBTS RECOVERY TRIBUNAL, JAIPUR

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ORIGINAL APPLICATION NO. 722 of 2023

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The Recovery Certificate prepared in compliance of order dated 23.10.2023 passed by Hon'ble Presiding Officer, DRT, Jaipur in Original Application No. 722 of 2023 Title- Rajasthan Marudhara Gramin Bank Vs Puran @ Puran Chandhas 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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Rajasthan Marudhara Gramin Bank v. Puran @ Puran Chand

Case brief

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Rajasthan Marudhara Gramin Bank v. Puran @ Puran Chand

Case brief

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