Allowed

State Bank of India v. Ms Khan Construction and Supplier and Ors.

DRT29 Apr 2024OA/104/2023

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal allowed an ex parte application by State Bank of India to recover a loan of Rs. 54,51,562 with interest and costs from six absent defendants. The order decrees recovery and directs issuance of a recovery certificate.

What did the court decide?

Recovery of Rs. 54,51,562 with pendent interest and future interest at 6.11% per annum; debarment from disposing of schedule properties; issuance of recovery certificate.

State Bank of India versus Ms Khan Construction and Supplier… — Banking and Recovery | DRT (2024)

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BEFORE THE DEETS RECOVERY TRIBUNAL-III KOLKATA PRESENTI^. SRI KAMAL DE.

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PRESIOING OFFICER

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o.A. No, 104 0f 2023

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DATE OF OELIVERY OF ORDER I 29/04/2024

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State Bank of India, a banking institutron^and a^{body corporateconstituled,} incorporated under the^provisions of lhe State Bank of^{lndia Act, 1955 havlngits} Central Office at State Eank Bhawan, l4adam Cama^{Road, Mumbai 400021and loca} Head Offrce at 1, Strand Road, Kolkata^{700001and carryrngon therr banking} business rnter alia amongst others^{at therr branch offrce at StateBank of Ind a,} Stressed Assets Recovery Branch^{(SARB), South Bengal, 1, M ddletonStreei,} leevandeep Buildinq, 2"d^{Floor, under Police StationShakespeareSarani, (olkata} 7OOO71, commonly known as State^{Bankof lndia,SARB, leevandeepBuilding} Branch, Kolkata, herernafter^{reFerred as the 'Applicanl Bank", wrlhln the} lursdlcllon of this Learned Trrbunal

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Applicant Bank

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M/s Khan Construction^{& Supplier,vlllage} IYahabatnagar, P.O. KailashPur, P.S. Ra dr9hi, Drsiflct South 24 Parqanas,^Pin 743349

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Nasima Begum Khan, wrfe and^{lega hillr of Lale ImranKhan, resldcntof} Vrllage 14ahabalnagar, P.O Ka ashpur, P.S^{Rard gh,D} strrct^Soulh2'1 Parganas, Prn^- 743349

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Sneha Khan, legal herr of Late^{Imran Khan, represenled by herGuardan} Nasrma Begum Khan and daughter of^{LalelmranKhan, resrdrng at vllage} iYahabatnagar,^p.O. Kailashpur^p.S. Rirrdrqh, Dlstrrct^{South 24 Parganas,Pn} 743349

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Nasrin Khan, egal herr of Late lmran^{Khan,representedby her tiuardan} Nasrma Begum Khan and daughter^{o[ Late Imran Khan, resdrnqat vrl age} lYahabaLnagar,^p.O. Kailashpur, P.S. Raidigh, Drstrrct^{South 24 Parganas,P n} 743349

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Inaya Khan, legal^{herr of Latc lmrdnKhan,rcpresenled by htrr Guardan Na! rna} Begum Khan and ciaughter of^{Lale Imran Khan,resrdrng atV I age} Mahabatnagar, P.O. Kallashpur,^{P.S.Ra dlghl,} Dlstnct^{Soulh 24 Paryaras, Ptr} 143349

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Md Muiibar Rahman^{Khan, sonof Jaynal Abedin Khan, rcsrdrnlj at V laq'l} Illahabatnagar, P.O Ka lashpur,^P S^{Rardrgh,DrstrrctSouth 2'1 Parqanas p n} 743349

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De[endants

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CoLlnsel for the Applrcant Bank:

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Deblrna Lah n, Advocate

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Set ex-parte on 22/04/2A21

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]UJGEIYENI

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The Applrcant^{Bank filed the present OA beLng No' A A'l:,O412O23on 2B/O212023fat} recovery^{of a total sumof Rs 54'51'562/ (Rupees fifty four lakh fifty one thousand fve} hundred srxty^{two only) from the DelendanlsLowards Lerm loanLogetherwithLnleresl' cosl} and oLher^{usual rellefs'}

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The Defendants^{are servedwith surnmons' The defendantsdLdnot} appear,^{as Lherewas no} representation^{from the defendants' the case wasflxed[or ex parte} hearing on^22104/2024, and heard^ex Parte^accordinglY'

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The Applrcant^{Bankexamrned 18 docllmenLsthrough I\4s'Rupsa Bhowmk' Chef[4anaqer} and marked as Exhibri^{AnnexureA/1 to ExhrbI AnnexureA/18'}

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Hpard the Ld. Counsel^{for the ApplrcantBank}

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lhc pornl Lhat d'lse5^{Ioconirderalloni:}

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whether ihe^{Applrcant Bank is entitled to rhe clalm made in} the oA against^{the Defendants} and OA schedule^{properties as prayedfor)}

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As staled supra,^{the Defendantremarnedabseni and drd notLLlrn up lo} 'onlrovert Lhc versron of lhe^{O A. of Applrcant Bank' It appears Lhat Lhe Defendants have farled to f le} w.]ltenstatementwthlntheslipUlaledperodaSlnlaW,TheEvidenceAffidavllcoupledWth lhe recrta s Ln the^documenlsvrz ,^{Exhrbrts AnnexureA/1 to AnnexLlreA/18markedon} behalfoftheAppllcantBank,establlshedtheclamoflheApplcantBankaganstthe DerendanlsandoAschedUleproperties,Hence,IholdthattheDefendantsare]ontyand severally lable^{to payto the Applcant Bank lhe clarms madern the OAwrLh future nterest} and cosls.

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l. In the resu l, the^{presentOrrginaAppl catron rs allowed ex parte wrthcosls'as under:}

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O]B DE B

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(1) o.A' No' 104 af 2023^{fted by the Applcant Banks allo\red and deblrs determnedwrth cost} aqarnst the defendants.^{It rs herebyordered that appllcantbankrs entrlledto recover from} the defendants the^{totalamounLto the tune of RS' 54,51,562l(RupeesflftyFoUr lakhfifty} onp lhousand fLVe hundred sixty^{two only) wlth pendentelrteand future nteresl_6 11 00'6} per annum rnterest with srmple^{on the amountd!e from the dateof Frlng of the Orrq nal} Appl cal on t.e. 2A/A212023^{iilfull and linarealrTationof the cla m amourrt}

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(2) Amount, f any,^{paLdby lhedefendanLsin the loan accounts or amount'fany'recoveredby} the Appl cant Bank^{after fillngof the O.Athe same be takenrnto accounl whre arr vrnq at} lheexactamountofdLres/debtpayabebythedefendants,Accordngly'pendentelLleand future nteresl shall^{be calcuiated on the reducedamount'}

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(3) Delendants are^debarred from disposing, alienating^{or dealingwith any of theproperties} aforesaid decretal^{debtrs recoveredfrom the defendants'}

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belonging to them^{Lrll the}

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t4)

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Defendants are^g ven a Lrme^{oF thirty daysfrom the date of the ludgemenl/FlnalOrderior} repayrng of the above mentioned^{dues, so intrmatedto them.In casethe defendantsfarl to} pay the dues with n the above rnentioned time, the applrcant^{bank rs enl tledLo recoverrLs} dLres by sale of secured asseLs,^{if anyAppllcantbanks aLso enlledto proceedagarnst} personal propertres of the defendanls (Both movable and^{mmovabLe)anda so proceed} aga nst the defendants^{personallylo recover the dues rn accordance w th law'}

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(s) Let the Certificate of Recovery^{be drawn up by Ld. Regrslrar forthw lhrn termsof} ludgemenl for issuance of the same^{agalnst defendants rn favour of theapplrcanlbank} Lrnder Section 19⁽²²⁾ of the^{Recovery of Debts andBankrLrptcyAct, 1993 and put Llp lhe} same For lssLrance of the Certrficale.

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(6) Ld Recovery Officer shall realrze the^{amounlas per the Recovery Certrfrcatelromthe} defendants rn accordance with^law.

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ll) Ld. Reqrstrar of thrs Tr bunal rs drrected^{to delrver recovery certfrcate rn term of the frna} order/judgement for recovery of the surn^{agarnstthe defendantin favourof the Applicant} Bank under Sectron 19^{(22) of the Recovery of Debts due lo lhe Bank and Fnancal} Instrtutrons Act, 1993 now known as^{Recoveryof Debtsand BankruptcyAct,1993.}

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(8) The^parties are directed to appear^{before the RecoveryOfficer on 2l/06/2024 for further} aclon in accordance with^lawrn lhe^{eventthe entrre amollnts noLpard by the sard dale}

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Accordrngly, the Oflgrnal Applrcation be ng O.A.^{No. 104 of 2023rs al owedandslands} disposed oF.

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Copy of the Judgement/Final Order be^Llp oadⁿ the^{Tnblrnal'swebsrte.} Frle rs consigned to the Record Room-

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(oictated to steno, trafscnbed by h,m, corrected, s^gned and Prono!nced by me in the open Court^{on thrs} 29th day of apnl , 2024)

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( KAMAL DE ) PRESIDING OFFICER

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Debts RecoverY^{Tribunal-3, Kolkata} Order^Sheet (Continuation)

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structi^{on & SuPPlier}

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Case^{No. OA No'1O4/2023}

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I
Date of Order
1
I
Order pronounced (vlde separate sheeLs )'
ln the result, O A' No 1O4 of 2023 ls allowed with costs' Issue
Recovery Certrf icate accordrngly'
i Ktmal De )
Pres drng Off cer
DRT-3, Kolkata
tt

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State Bank of India v. Ms Khan Construction and Supplier and Ors.

Case brief

What is this about?

What did the court decide?

State Bank of India v. Ms Khan Construction and Supplier and Ors.

Case brief

What is this about?

What did the court decide?

What the court decided

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Issues for consideration

Statutes considered

Parties & counsel

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Case details

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