Allowed

State Bank of India v. Kanchan Chakraborty and Anr.

DRT15 Apr 2024OA/237/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an Original Application filed by State Bank of India for recovery of a term loan of Rs. 22,26,513 along with interest and costs against two defaulting defendants who failed to appear.

What did the court decide?

Recovery of Rs. 22,26,513 with interest; prohibition on disposing of property; 30 days to pay or face asset sale; issuance of recovery certificate.

State Bank of India versus Kanchan Chakraborty and Anr. — Banking and Recovery | DRT (2024)

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BEFORE THE DEBTS^{RECOVERY TRIBUNAL-IIIKOLKATA} PRESENT: -SRI KAMAL^DE.

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PRESIDING OFFICER

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O.A. No. 237 of 2022

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DATE OF DELIVERY OF ORDER^{,:I5/04/2(J24}

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State Bank of India, a^{bankinq institutron and a body corporateconstituted,} incorporated under the^{provisions of the StateBankof IndraAct, 1955 havingits} Central Office at State Bank Bhawan,^{lvladam CamaRoad, IYumbai400021 and loca} Head Office at 1, Strand Road,^Ko kata^{700001and carryinqon therrbankrng} busrness inter alia amongst others at fheir^{branch office at RACPC KolkalaBranch,} Avani Heiqhts, Ground Floor, 59A,^{ChowringheeRoad,Kolkata-700020,P.S.} Bhowanipore, commonly known as State^{Bank of lndia,RACPC Kolkata Branch,} Kolkata hereinafter referred as the^{"Applicant Bank", withln the jurrsdictionof thls} Learned Tribunal

Applicant Bank

Versus-

l. Sri Kanchan Chakraborty, son^{of PhanrbhLrsan Chakraborty,resd ng at 10,} [4rchel RoaD, Nabagram, Hoaghly¹¹²²⁴⁶

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M/s Banaj Developers Private^{Limited,havrng is RcgrsteredOlfrccat 5/lA,} HLrngerford Slreet, 48, Castle llouse, 3^{F oor, Ko kata700017}

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Defendants

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Counsel for the Applicant^Bank:

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An rban Praman ck, Advocate Set ex Parle on 9/A4/2024

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tuSGLMfltl

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The Applicant Bank fied the^{present OA being No. a A./231/2A22on 13/05/2022 fat} recovery of a total sum of^{Rs. 22,26,513/ (Rupees lwentytwo lakh twenLy srx lhousand} five hundred thrrteen only)^{from theDefendantstowards termloan togelher wrthlnlerest,} cost and other usual relrefs.

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The Deiendants are served^{wlth summons. The defendantsdid not appear' as there wasno} represenlation from the defendants,^{the casewas fixed for ex_parLe hearrnq on 9/04/2424,} and heard ex^parle accordrnglY.

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The Applicant Bank examined^{15 documentsthrouqhSrr BswanathSen,AssrsLant Genera} l4anager marked as Exhibit Annexure_A^{to ExhibltAnnexure_lvI.}

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Heard Lhe Ld. Counsel^For the^{Applicant gank}

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The po nt that arrses lor conslderal^{on sl}

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Whether the App canl Bank is enl^{I ed Lo the c aim made rn lheOA aga nst the Defendants} and OA schedu e^properties as^prayedfor?

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As stated supra, the Defendant^{remalned absentand did noL turn up to controvertthe} versron of lhe O.A. of Applicant Bank. lt^{appears that theDefendants have farled to fle} written stalement with n the st^{pulatedperrodas n aw.The EvrdenceAfldav t couped wlth} the recitals rn the documents^{vlz.,Exhibrts Annexure_Ato Annexure_lvlmarkedon behalfof} the ApplicanL Bank, established^{the claim of the Appl cant Bank aqarnst the DeFendantsand} oA schedule^propertres. Hence, I hold that^{lhe Defendants are} lo^{ntly andsevera y rable lo} pay lo the Applrcant Bank the c aims made n the OA w th^{futurernterest and} 'ostq

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In the result, the^present Origrnal^{Applrcatronrs allowed ex_partewlth cosls, as Llnder:}

ORDER

(1)

\2)

(3)

(4)

o.A No. 237 af 2022 fi ed by^Lhe Applrcant^{Bank s allowed and debt ls determLnedwrth cost} agarnst the defendants. It^{is hereby orderedthat applrcanl bankls entrtled ro re.over from} Lhe defendants lhe total anrounl to the tune^{al Rs-22,26,5131(Rupees twentytwo Lakh} twenty srx thousand fve hundred thrrteen on^{y) wrthpendentelrteand futureinterest@} I1 00o/o^per annum nterest^w th^{simpe on the amount due from the date of filrng of the} Ong na App rcat on .e. 13/05/2A22 i1l^{ful and f nal realrzatronof the clarmamount.}

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Amount, rf any,^paid by the defendants n the^{loanaccounLsor amount, if any, recoveredby} the Applrcant Bank after f rng of the^{O.A.the sdme be takenrnto accounl whre arr vrnq at} the exact amolrnt of dues/debt^payab e^{by the defendants.Accordinqy, pendente le and} future interesL sha L be calculated on the^{reducedamounl.}

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Defendants are debarred from disposing, alienating^{or dealingwith any of the properties} belongrng to them till the aforesaid^{decretaldebt is recovered from the deFendants.}

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Defendants are^given a t^{me of thirtydaysfrom the date of the ludgement/FinaOrderfor} repaying ofthe above mentioned^{dues, so rntlmatedto them.1n casethe defendanisfaLo} pay the dues wrthin the above menlroned trme,^{the appicantbank s entitlPillo recover ts} d!es by sale of secLrred^{assets, !f any. AppcanLbankrs also entltledLo proceed agalnst} personal properlres oF the defendants^(Both movable^{and rmmovable)and also proceed} against Lhe defendants^{personaLy to recover the duesin accordancewith law'}

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(s) Lel the Cerlficate of Recovery^{be drawn up by Ld. Regrslrar forthwrlhrn terrnsof} ludgement for ssuance of^{thesame agarnsl defendanlsln favour of Lhe app cantbank} under Sectron 19 122) of lhe^{Recoveryof Debtsand BankrupLcyAct, 1993 and pol up the} same for issuance of lhe Certrfrcate.

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(6) Ld. Recovery Ofncer shall^{real ze the amounI as per lheRecovery Cerlrfrcalefromlhe} deiendants n accordance^{wlth Law.}

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(.1) Ld. Registrar of thrs Trbunal^{rs directed to delrver recovery certificate rn termof thefrnal} order/ludgement^{For recovery of the sum against the defendantrn favourof the ApplicanL} Bank Llnder Section t9^{(22) of the Recovery oF DebtsdueLo the Bank andFinanclal} lnstitutrons AcL. 1993 now^{knownas RecoveryoFDebtsand BankruptcyAct' 1993}

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(8) The partres are direcled^{to appear before the Recovery Offrcer on 18/06/2024 for furlher} actionlnaccordanceWithlawntheeventtheentireamountlsnotpadbyLhesalddate,

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Accordrngly, the Original^{ApplicationbernqO.A. No. 237 of 2022 rs allowedandstands} disposed of.

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Copy of rhe ludgement/Final^{Order be upload1n the Tribunal'swebsite'} Fr e rs consrgned to the Record^Room.

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(orctated to steno, transcribed by^{him, corrected,sLgnedand} Pronounced bv me n the open^{Court onthrs} rsr" day of aprl, 2024)

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( KAI4AL DE ) PRES]DING OFFICER

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sorn/

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

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State Bank of India vs Kanchan chakraborty & Anr'
case No. oA No. 237 / 2022
order with sisnature
Date or order
' fi'":;i::ljj,:,1:'
QrdeL Iuo.l Order pronounced (vide separate sheets )'
D\ls/a4/2024
In the result, o.A- No.237 0f 2022 is allowed wtlh cosls. lssue
Recovery Certifacate accordingly.
( Kamal De )
Presidrng Officer
DRT 3, Kolkata

State Bank of India v. Kanchan Chakraborty and Anr.

Case brief

What is this about?

What did the court decide?

State Bank of India v. Kanchan Chakraborty and Anr.

Case brief

What is this about?

What did the court decide?

What the court decided

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Issues for consideration

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