Allowed

State Bank of India v. Virgin Rubber Private Limited

DRT3 Jan 2024OA/122/2022

Case brief

AI extract

What is this about?

State Bank of India applied for a recovery certificate against Virgin Rubber Private Limited and its directing directors for defaulting on secured loans. The Tribunal, accepting unchallenged evidence and finding the suit within limitation, allowed the application and issued the certificate for ~Rs 2.78 Crore with interest.

What did the court decide?

Issued Recovery Certificate for Rs. 2,78,17,792.79 with pending and future interest @12.05% p.a. kept charge on mortgaged properties alive and authorized recovery from secured and personal assets.

State Bank of India versus Virgin Rubber Private Limited — Banking and Recovery | DRT (2024)

¶1

O A 1 22l2o2zoRt€uwahatr

¶2

IN THE DEBTS RECOVERY TRIBUNAL, GUWAHATI

¶3

(North Eastern Region)

¶4

(Tribunal of Assam, Nagaland, Meghataya, Manipur, Mizoram, Arunachat pradesh & Tripura) Before Shri Shiv Sharan Dubev.^presidino Ofticer

¶5

O-4. No. 12212022

¶6

ln the matter of -

¶7

STATE BANK OF INDIA Sidhai Mohanpur Branch Sidhai Mohanpur, West Tripura, Pin-799211.

¶8

Applicant

¶9

Vs.

¶10

VIRGIN RUBBER PRIVATE LIMITED

¶11

Represented by its Director Sri Goutam Ghosh Regd. Ofiice-

¶12

Mohanbhog Sepahijala, Melaghar, Tripura,

¶13

District- West Tripura, Pin-7991 05

¶14

SRI GOUTAM GHOSH

¶15

Son of Tapan Kumar Ghosh Director M/s Virgin Rubber Private Limited Vill : 12 Chandul, Kalapania, P.O. Mohanbhog,

¶16

P.S. Melaghar, Sepahijala, Pin- 799105.

¶17

SRI UTTAM GHOSH

¶18

Son of Tapan Kumar Ghosh

¶19

Director M/s Virgin Rubber Private Limited Vill : 12 Chandul, Kalapania, P.O. Mohanbhog,

¶20

P.S. Melaghar, Sepahijala, Pin- 799'105.

¶21

Defendants

¶22

Presence of the Counsel:

¶23

For the Applicant : Mr.KKNandi, Ms Rochoita Das, Advocates

¶24

For the Defendants : None (Ex-parte)

¶25

Oaled :0310112024

¶26

JUDGMENT

¶27

This is an application under section 19 ol the Recovery of Debts Due to Banks and Financial lnstitutions Act,^'1993 filed by the State Bank of lndia, Sidhai Mohanpur Branch, Sidhai Mohanpur, West Tripura, Pin-79921 1, with a prayer to issue Recovery Certificate for the sum ol R9.2,7AJ7,792.79 ( Rupees Two Crore Seventy-Eight

¶28

SUilElabu A"L"* o5loll24 A v Presidins Officdr^I |^| DRT, Guwahali

¶29

¶30

o-a lzzl2o22toRT-cwah'ti

¶31

Lakhs Seventeen^{Thousand SevenHundred Ninety'Two and PaiseSeventy-} Nine) only as on 28.02.2022^{against the defendantswith pendenteliteand future} interest @12.05o/o^per annum^{with monthly rests till realizationalong with cost and} other relief.

¶32

A few facts^{giving riseto the present applicationare as under'}

¶33

The defendant^{no.1 is a private limitedcompanyThe defendant no 1} represented^{itself before the applicantbank as centrifugal latex lndustries The} defendant nos. 2^{and 3 are the directors of defendant no 1 company as per} company master^{data of defendantno 1 availablein mca portalThe defendant} nos. 2. and 3 are the^{guarantors in their personalcapacities of the credit facilities} availed by the defendant^{No.1 from the appticant bank. Theliabilityof defendant} nos.2 and 3 are.ioint, several^{and co-extensivewith that of defendant No.l The} defendant no.1 availed various credit^{facilities from the applicantbank.}

¶34

Pursuant to the^{applicationof the defendant no.1 dated14.11.2015to the} applicant bank for^{grantof credit facilities, the applicant bank upon considerationof} the said application^{sanctioned cash credit facility of Rs.15,00,000.00and Term} loan of Rs. 127.50 Lacs^{to the defendant no. I vide Letter of Arrangement dated} 10.03.2016. The terms and conditions^{of the letter of arrangementdated} 10.03.2016 was duly accepted^{by defendant no.1 and as a token of acceptanceof} the same the defendant^{no. 1 representedby its directors being defendant nos2} and 3 as well as Alok^{Debson of Late NaniGopal Deband Sri Habul Chowdhury} son of late Prafulla^{Kumar Chowdhury in their personalcapacities have signed ln} the letter of arrangement^{of having acceptedthe terms and conditions. lt was also} the terms and conditions^{of the arrangement letter that the effectiverate of interest} in the cash credit account is^{12.80% per annum withmonthlyrests and the} effective rate of lnterest in^{the term loan accountis 12.90o/o per annum with} monthly rests subject to changes^{as per bank/RBl guidelines, besides other terms} and conditions recited therein.^{The applicant statedthat Alok Deb son of LateNani}

¶35

¶36

O.A. 122,/2o2?]DRT-Guwrhrii

¶37

subsequently released from their personal guarantee and hence they are not impleaded as defendants in the original application.

¶38

The defendant no 1 by a resolution of the meeting of the board of directors held on 05.03.2016 resolved to avail advance to the tune of Rs. 127.50 lacs by way of term loan and Rs 15.00 lacs by way of cash credit limit from the applicant bank. It was also resolved that Goutam Ghosh and Uftam Ghosh, Directors of the company would severally execute necessary security documents as required by bank in presence of Goutam Ghosh and Uttam Ghosh Directors of the Company.

¶39

The defendant no.1 availed the credit facilities from the applicant bank and the defendant no. 1 represented by it's directors being defendant nos 2 and 3 have executed Hypothecation Agreement dated 10.03.2016.

¶40

The defendant no.1 availed of the credit facilities from the applicant bank and the defendant nos 2 and 3 as well as Alok Oeb son of Late Nani Gopal Deb and Sri Habul Chowdhury son of late Prafulla Kumar Chowdhury in their personal capacities stood as the guarantors of the credit facilities availed by the defendant no. 1 from the applicant bank and have executed Deed of Guarantee on 10.03.2016.

¶41

The defendant no.1 availed the credit facilities from the applicant bank and as a security for repayment of said credit facilities, the defendant no 'l represented by its directors being defendant nos.2 and 3 on 10.03.2016 created equitable mortgage of land measuring 4.06 acre covered by dag no.6746n17916746n180 (old) 8851 and 8852 (New) of Khatian no.146l, and land measuring 4.80 acre covered under dag no. 6746n18116746r/ 182 (old)8864 (New) of Khatian no.'1069, of Prabhapur Tehsil, Sub Division Jampaijula, Revenue Circle Takarjula, Mouza Prabhapur and have deposited with the applicant bank tille deeds being Sale deed no l- 586 dated 01.08.2014, Khatian No 1461, Sale Deed no t-587 dated 01.08.20'14 Khatian No^'1069. The defendant no 1 represented by its directors being defendant nos 2 and 3 executed Confirmation letter on 10.03.2016

¶42

-S{..rS}a ra- D p."iiarno om3.? lo I DRT. GuwahaU

¶43

¶44

o.A i 22l2o22lDRT€uuhari

¶45

confirming deposit of tifle deeds with the applicant bank with the intentaon to create an equitabre mortgage. The property mortgaged/ created charge by defendant no 1 with the applicant bank as a security for repaymenl of loan availed by defendant is more specifically described in Schedule B of the OA.

¶46

The defendant no.1 availed the credit facilities from the applicant bank and as a security for repayment of said credit facirities, the defendant no i represented by its directors being defendant nos.2 and 3 on .10.03.2016 created equitable mortgage of lease hold land measuring i.9S acre covered by dag no. 3gl5 and 3816 of Khatian no.Z74, of pargana Mohanpur, Sub Division Mohanpur, Sub Registrar Office Sadar, Mouza West Simma, District West Tripura and have deposited with the appticant bank tease deed no 1_BS9,l dated 05.,10.2015 registered on 06.10.2015. The defendant no 1 represented by its directors being defendant nos 2 and 3 executed Confirmation letter on 10.03.2016 confirming deposit of lease deed no l-8591 dated 05.j0.2015 with lhe applicant bank with the intention to create an charge/ mortgage of lease hold land. The lease hold property mortgaged/ created charge by defendant no 1 with the applicant bank as a security for repayment of loan availed by defendant is more specifically described in Schedule C of the OA.

¶47

The defendant no. 1 approached the applicant bank for enhancement of the credit facilities by submitting a tetter dated 19.09.2016. The applicant bank upon consideration of the said letter dated 19.09.2016 sanctioned additionar term loan of Rs 49.00 Lacs thereby increasing the aggregate term loan of Rs 176.S0 lacs, and have renewed the cash credit limit of Rs^.l5.OO lacs vide arrangement letter dated 23.12.2016. The terms and conditions of the letter of arrangement dated 23j22016 was duly accepted by defendant no.i and as a token of acceptance of the same the defendant no. I represented by its directors being defendant nos 2 and 3 as well as Alok Deb son of Late Nani copal Deb and Sri Habul Chowdhury son of late Prafulla Kumar Chowdhury in their personat capacities have signed in the letter of arrangement of having accepted the terms and conditions. lt was also

¶48

tl"ntchn"A,fu" ,,"",oroo#krli '4 DRT, Guwahati

¶49

¶50

O.A 1 22t2O224]Rf -ewahali

¶51

the terms and conditions of the arrangement letter that the effective rate of lnterest in the cash credil account and term loan account is 3.50yo above MCLR with a minimum of 12.7oyo pet annum rising or fafiing therewith, carcurated on dairy products at monthly rests subject to changes as per banURBl guidelines, besides other terms and conditions recited therein.

¶52

The defendant no 1 by a resorution of the meeting of the board of directors held on 05.12.2016 resolved to avail additional term loan of Rs 49.00 Lacs from the applicant bank. lt was also resolved that Goutam Ghosh and U am Ghosh Directors of the company wourd severaly execute necessary security documents as required by bank in presence of Goutam Ghosh and Uttam Ghosh Directors of the Company.

¶53

The defendant no.1 availed the additional term loan facility from the applicant bank as well as exisling credit facilities and the defendant no.^.l represented by it,s directors being defendant nos 2 and 3 have executed Hypothecation Agreement dated 23. 1 2.20.16.

¶54

The defendant no.1 availed of the credit facilities from the applicant bank and the defendant nos 2,3, Alok Deb son of Late Nani Gopal Deb and Sri Habul Chowdhury son of lale prafulla Kumar Chowdhury in their personat capacities stood as the guarantors of the credit facilities availed by the defendant no. 1 from the applicant bank and have executed Deed of Guarantee on 2g.12.2016.

¶55

ln respect of above additional term loan of Rs 49.00 lacs and existing credit credit facitities availed by the defendant no 1 from the applicant bank, the defendant no 1 represented by its directors being 2 and 3 executed Letter of Confirmation for extension of mortgage daled 23.12.2016 and by the said confirmation letter the defendant nos 2 and 3 confirmed and admitted to have deposited tifle deeds with the applicant bank on 10.03.2016 with the intention of creating equitable mortgage in favour of the applicant bank. The property mortgaged/ created charge by defendant no .l with the applicant bank as a

¶56

¶57

O A.,2212o2rroRT-cu*ahati

¶58

security for repayment of loan is more specifically described in Schedule_B of the oA.

¶59

ln respect of above additional term loan of Rs 49.00 lacs and existing credit facilities availed by the defendant no 1 from the applicant bank, the defendant no 1 represented by its directors being 2 and 3 executed Letter of confirmation for extension of mortgage daled 23.12.2016 and by the said confirmation lefler the defendant nos 2 and 3 confirmed and admitted to have deposited tifle deeds with the applicant bank on^.10.03.2016 with the intention of creating morlgage/ charge of lease hold in favour of the applicant bank. The lease hold property mortgaged/ created charge by defendant no^.l with the applicant bank as a security for repayment of loan is more specifically described in Schedule_C of the OA.

¶60

The defendant no 1 approached the applicant bank for adhoc facility of Rs 24,00,000.00. Upon consideration of the prayer so made by the defendant no 1 the applicant bank granted over drafv adhoc limit of Rs 24,OO,OOO.OO to the defendant no 1 which the defendant no 1 availed from the applicant bank.

¶61

The defendant no^.l by a resolution of the meeting of lhe board of directors held on 01.08.2017 resotved to avait over draft limit of Rs 24.00 Lacs from the applicant bank. lt was also resolved that Goutam Ghosh Director of the company would do all the acts.

¶62

The defendant no. 1 availed of the adhoc limit of Rs 24,OO,OOO.OO from the applicant bank and the defendant no. 1 represented by its directors being defendant no 2 and 3 have executed supplemental Hypothecation Agreement dated 16.08.2017 and by the said agreement the defendant no. 1 agreed to the conlents recited therein. lt was also agreed upon that the agreement is a supplemental to the hypothecation agreement dated 10.03.2016 and that lhe aggregate limit is Rs 215.50 lacs.

¶63

ln respect of the aggregate limit of Rs 215.50 lacs the defendant no 1 represented by its directors being defendant no 2 and 3 executed D p Note dated

¶64

Sk,,ld.,o^9rJ4","rorn3*l',rJHDRT. Guwehati

¶65

¶66

o-A.122lito:2[]/1r,{,vl,.mi

¶67

16.08.2017 for Rs 215.50 lacs and have agreed to^pay interest atthe rate of 12.60/0 per annum with monthly rest.

¶68

The defendant no 1 represented by its director being defendant no 2 executed D P Note delivery letter dated 16.08.20'17 by which the defendant no 1 acknowledged to have executed D P Note of Rs 215.50 lacs on 16.08.2017.

¶69

The defendant no. I approached the applicant bank for enhancement of the credit facilities by submitting a letter dated 25.02.2019. The applicant bank upon consideration of the said letter dated 25.02.2019 sanctioned cash credit limit of Rs 90.00 lacs, Aggregate limit of Rs 201.50 lacs thus totaling Rs 291.50 lacs vide arrangement letter dated 29.03.20'19. The terms and conditions of the letter of arrangement dated 29.03.2019 was duly accepted by defendant no.1 and as a token of acceptance of the same the defendant no. 1 represented by its directors being defendant nos 2 and 3 have signed in the letter of arrangement of having accepted the terms and condilions. lt was also the terms and conditions of the arrangement letter that the effective rate of interest in the cash credit account and term loan account is 3.50% above MCLR with a minimum ol 12.05o/o per annum rising or falling therewith, calculated on daily products at monthly rests subject to changes as per banURBl guidelines, besides other terms and conditions recited therein. The applicant begs to state that aggregate limit of Rs 201.50 lacs includes Term loan of Rs 127.50 lacs, Term loan of Rs 49.00 lacs and Term loan of Rs 25.00 Lacs.

¶70

The defendant no 1 by a resolution of the meeling of the board of directors held on 20.03.2019 resolved to avail enhance working capital limit of Rs 90.00 Lacs and Additional term loan of Rs 25.34 lacs from the applicant bank. lt was also resolved that Goutam Ghosh Director of the company would do all such acts.

¶71

The defendant no. I availed of the enhanced credit facilities from the applicant bank and the defendant no. I represented by its directors ,kwe+being

¶72

DRT, cuwaheli

¶73

¶74

0.A. l2zo2zDRT€uwahat

¶75

defendant no 2 and 3 have executed Hypothecation Agreement dated 29.03.2019 and have agreed lo the contents recited therein.

¶76

The defendant no.i availed of the enhanced credit facilities from the applicant bank and the defendant nos 2 and 3 in their personar capacities stood as the guarantors of the credit facilities availed by the defendant no. j from the applicant bank and have executed Deed of Guarantee on 29.03.20.19 by which they have agreed to the terms and conditions as recited therein and have made themselves^jointly and severally liable for the entire outstanding in the loan account with inierest to the applicant bank.

¶77

ln respect of enhanced credit facilities availed by the defendant no .l from the applicant bank, the defendant no I represented by its director being defendant nos 2 and 3 executed Letter of Confirmalion for extension of mortgage dated 29.03.2016 and by the said confirmation letter the defendant nos 2 and 3 conrirmed and admitted to have deposited tifle deeds with the appticant bank on 10.03.20.16 with the intention of creating equitable mortgage of land in favour of ihe applicant bank and by the said confirmation letter have also conflrmed creation of mortgage of lease hold land. The defendant nos 2 and 3 confirmed that consequent upon the enhanced credit facilities, the benefjt of mortgage shall apply for, stand extended to and cover the enhanced credit limiu additional facilities. The propeny mortgaged/ created charge by defendant no I with the applicant bank as a security for repayment of loan is more specifically described in Schedule-B and C of the OA.

¶78

The defendants had availed the said four credit facilities being account nos 367 1 07 89024, 35627 1 4587 7, 36374938 1 7.1 and 3B4O3O 1 4955 from the applicant bank but have not paid the outstanding loan amount as per terms and conditions as agreed upon with the applicant bank, in spite of repeated demands and request by the applicant bank. As the defendants failed to repay the loan amount, the said loan accounts became NPA on 27.1 1.2020. After the accounts became NpA the applicant bank issued notices for repayment of the due amount, bul the defendants failed to repay lhe loan amount.

¶79

g+/d.c,,swe,)r,n,n*ffi?1l|44 DRT, Guwahetr

¶80

¶81

O.A 1z2el2ztoRr_Gwllltati

¶82

The applicant bank thus became constrained to file the present Original Applicalion for the recovery of Rs. 2,7A,fl,792.79 (Rupees Two Crore Seventy_Eight Lakhs Seventeen Thousand Seven Hundred Ninety_Two and paise SoventyNine) only as on 28.02.2022 along with interest and cost ofthe application.

¶83

After filing of the OA the Tribunal issued notices upon the defendants through registered post and the applicant bank liled service report on 20.05.2022 and brought on record the postal receipts along with track consignment report which shows that, notices have not been served upon the defendants. Thereafter the Tribunal ordered paper publication of notice upon the defendants and the applicant bank issued nolice to the defendants on 12.06.2022 through Paper^publication in two newspapers namely 'Tipum ObseMel'and "Syandan Patika'l Even after issuance of notice through paper publication also there was no represenlation on behalf of the defendants either by the counsel or the person and hence the defendants were set ex-parte on 12_0g_2022 and their right to file written statement cum evidence on affidavit was closed and the matter was listed for hearing on behalf of the applicant bank.

¶84

Supporting the claim of lhe applicant bank Sri Avishek Deb, Branch Manager of the Applicant Bank has filed evidence on affidavit coupled with the security documenls marked as Exhibit A-1 to A44 supporting the ctaim of the applicant bank.

¶85

Heard the learned counsel for the applicant bank who prayed for issuance of Recovery Certilicate against the defendants as per pleadings made in lhe Application, supported by evidence on affidavit of their witness who affirmed on oath the execution of the security and other documents by the defendants and also execulion of their own documents relied upon, which have been marked exhibits.

¶86

Considering the facts and circumstances of the case, I am of the considered view that the document filed by the appticant bank are supporting the claim of lhe applicant bank and establishing the liability of the defendants. lt is proved that the defendants are jointly and severally liable to pay to the applicanl bank the claim made in the Original Application. The loan was obtained and documents have been executed on 10.03.2016, 23.12.2016, 16.08.2017 & 29.03.2019. Moreover, after

¶87

sl^,

¶88

¶89

O A 1 22zo22lDRT-cuwahatl

¶90

perusing the documents on record and taking into consideration of the facts and circumstances of the case, I flnd that the mortgage has been created by the defendant No. 1 represented by its Direclors b€ing defendant No. 2 & 3 where the limitation available is for 12 years and as such taking into account of the creation of the mo(gage the application appears to have been fired wefl within the period of rimitation. The account became NPA on 27.1 1.2020 and the OA has been filed on 2g.03.2022. Hence, the OA is filed well within the period of rimitation and this Tribunar having a iurisdiction to adjudicate the Original Application.

¶91

Considering the unchallenged/unrebutted version of Sri Avishek Deb, the applicant's witness and all the documents marked as exhibits, including duly certilied copy of the statement of account along with interest calculation sheet maintained by the applicant Bank in it's regular course of business, I hold that the applicant is entitled to get the Recovery Certificate as prayed for.

¶92

ln the result, the present Original Application No. 122 ol2022 is allowed with cost as under: -

¶93

(i) The defendants No. 1, 2 & 3 are joinfly and severalty liabte to pay to the applicant bank a sum of Rs. 2,7Aj7,192.19 (Rupees Two Crore Sev6ntyEight Lakhs Seventeen Thousand Seven Hundred Ninety-Two and pabe Seventy-Nine) only with pendentetite and future interest @12.05yo p.a. with monthly rests from 01.03.2022 till the date of full paymenurealizalion and also cost of the application.

¶94

ii) The charge of the certificated amount be kept alive on hypothecated properties as described in Schedule-A of the OA till the amount is realized in full.

¶95

iii) The charge of the certificated amount be kept alive on mortgaged property i.e. (i) All that piece and parcel of a plot of land measuring 4.06 acre covered under dag no.6746n17916746/7180 (otd) BB51 and 8852 (New) of Khatian no.1461 of Prabhapur Tehsit, Sub Division Jampaijuta, Revenue Circle

¶96

Takarjula, Mouza Prabhapur District Sepahijola Tripura and is bounded bv:

¶97

S{'i"ec'[o-uaE"l"''r oTlotl)L . \ Presidng Offi:i* I U DRT, cuwahati

¶98

O.A.^{122022lDRT4mahati}

¶99

¶100

North: Road;^{South: Late PareshCh Chowdhuryi East Lungaland; WestLand} of Virgin^{RubberPvt Ltd. And (ii) All that pieceand parcelof a plotof land} measuring^{4.80 acre covered under dag no 6746n181/6746'182(old)8864} (New) of Khatian^{no.1069, of PrabhapurTehsil' Sub Oivision Jampaiiula'} RevenuecircleTakariula,MouzaPrabhapurDistrictSePahiiolaTripuraandis bounded^{by: Norih: Road; South: Bishu Oebbarma; EastVirgin RubberPvt} Ltd; West:^{Road' as described in Schedule-Bof the OA till the amount is} realized in^full

¶101

iv) The charge^{of the certificated amountbe kePt alive on mortgagedproperty} i.e. All that^{pieceand parcelof a plot of land measuring195 acre covered} under dag no^{3815 and 3816 of Khatian no 274' of Pargana Mohanpur'Sub} Division^{Mohanpur, Subregistraroffice Sadar' Mouza West Simma' District} West Tripura^{and is boundedby North: SiddharthaDebroy; South: Road:} East: Siddhartha^{Debroy; West: SiddharthaDebroy'as described in Schedule-} C of the OA^{till the amount is realizedin full'}

¶102

v) The applicant^{bankis entitledto proceed againstthe secured items towards} recovery of the^debts.

¶103

vi) The applicant^{bank is also entitled to proceedagainst the personal assets and} properties of the defendants towards^{recovery of the dues'}

¶104

vii) The applicant^{bank is entitled to the costsof the OA' which includes the} advocate fees of the^{applicantbankApplicant is directed to file the cost memo} within 2 weeks from today.

¶105

viii) lssue Recovery Certificate^{accordinglyfor a sumRs. 2,78'17,792.79 (Rupees} Two Crore Seventy-Eight^{Lakhs SeventsenThousandSevenHundred} Ninaty-Two and^{PaiseSeventy-Nine)only in favourof the applicantbank} against the detendants^{No. 1, 2 & 3.}

¶106

ix) Communicate copy of this order^{to the concerned parties.}

¶107

eL;tdtua-q,-,Lqqalulu 0 Pr6iding Offcdr^I DRT. Guwahali

¶108

¶109

o.A. 1 z2l2o2zoRT-Glwahatr

¶110

This order is dictated and corrected by the undersigned.

¶111

Judgment dated 3rd January 2024, signed and pronounced in the Tribunal

¶112

today under my signature.

¶113

Copy of the JudgmenvFinal Order be uploaded in the Tribunal's Website and

¶114

lile be consigned to Record Room.

¶115

Presiding Officer DRT, Guwahati.

State Bank of India v. Virgin Rubber Private Limited

Case brief

What is this about?

What did the court decide?

State Bank of India v. Virgin Rubber Private Limited

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

Rohit Chopra versus Ecl Finance Ltd.

Bank of Baroda versus Chakradhar

Central Bank of India versus M/s Dharamraj Food Industry And Company and Others

Canara Bank versus M/S Tushar Furniture Udyog

United Bank of India versus M/s Om Shivam Morden Mill Pvt.Ltd

Bank of Baroda versus M/s Hosiery and Fashion World and others