Allowed

Bank of Baroda v. Pannageshwar Sugar Mills Limited

DRT13 Jun 2024OA/27/2022

Case brief

AI extract

What is this about?

Bank of Baroda filed an Original Application for recovery of dues totaling roughly Rs.3.18 crores from Pannageshwar Sugar Mills Ltd. and its guarantors after the accounts were classified as NPA. The TR allowed the application and directed joint and several repayment with interest, securing it by charges on listed land and plant machinery as defendants appeared ex-parte.

What did the court decide?

Allowed. Defendants to pay Rs.3,18,60,514/- plus pendent lite and future interest @8% p.a. secured by charge on listed immovable and movable properties. Recovery Certificate issued.

Bank of Baroda versus Pannageshwar Sugar Mills Limited — Banking and Recovery | DRT (2024)

¶1

¶2

Presented on: 02.03.2022 Registered on: 02.03.2022 Decided on: 13.06.2024 Duration: Y M D 02 03 11

¶3

IN THE DEBTS RECOVERY TRIBUNAL, AT AURANGABAD ORIGINAL APPLICATION No.27/2022

¶4

TOTAL CLAIM AMOUNT – Rs.3,18,60,514/-

¶5

BANK OF BARODA , a body corporate constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970, having its Head Office at Mandvi, Baroda, Gujrat & having one of its Branch at Latur, Tq. & Dist. Latur, through its Chief Manager, Nirmalchandra M. Patil, Bank of Baroda, Branch at Latur, Dist. Latur, R/o. Latur, Tq. Dist. Latur.

¶6

… Applicant

¶7

Versus

¶8

M/s. Pannageshwar Sugar Mills Ltd., At Post Pangaon, Tq. Renapur Dist. Latur a public limited company incorporated and registered under Indian Companies Act, 1956 and having its registered office at Pangaon, Tq. Renapur, Dist. Latur through its authorized signatory Kishanrao S/o Nagorao Bhandare.

¶9

Navnath S/o Ganpatrao Bhosale Age: Major, occ: Business & Agril, R/o: At post Kharola Tq. Renapur, Dist. Latur.

(OA No.27/2022)

Page 1 of 19

[APK]

Jayprakash s/o Shankarappa Halkude, Age: Major, Occ: Business & Agri., R/o At post 181 Renapur, Tq. Renapur Dist. Latur

¶14

Pralhad S/o Hariram Panhale, Age Major, Occu: Business & Agri., R/o Vishwabharti Colony, Tq. & Dist. Aurangabad.

¶15

Kashiram S/o Ganpatrao Patil, Age Major, Occ: Business & Agril, R/o Garsuli, Tq. Renapur, Dist. Latur.

¶16

Vasantrao S/o Baburao Dahiphade, Age Major, Occ: Business & Agril, R/o Bhandarwadi at post Bhandarwadi Tq. Renpaur, Dist. Latur.

¶17

Ravikant S/o Bhaguram Ausekar, Age Major, Occ: Business & Agril, R/o at Post Renapur, Dist. Latur.

¶18

Ganesh S/o Namdeo Hake, Age Major, Occ: Business & Agril, R/o at post Mandurki Tq. Chakur Dist. Latur

¶19

Pradnya Gopinath Munde, Age Major, Occ: Business & Agril, R/o 12 Purna sir, Pochkanawal Road Warli Tq. & Dist. Mumbai.

¶20

Kishanrao S/o Nagorao Bhandare, Age Major, Occ: Business & Agril, R/o AT Post Pangaon, Tq. Renapur, Dist. Latur.

¶21

Suresh S/o Dnyaneshwar Lahane, Age Major, Occ: Business & Agril, R/o Padmeasuringasurya Ambejogai Road Latur, Dist. Latur

(OA No.27/2022)

Page 2 of 19

[APK]

Achyut S/o Rangnathrao Gangane, Age Major, Occ: Business & Agril, R/o Daithana post padi, Tq. Ambejogai Dist. Beed

¶26

Vithal S/o Baliram Tandale (died) through his LR’s a. Kushawarta Vitthal Tandale, Age Major, Occ: Agril, R/o. Saradgoan, Tq. Parali, Dist. Beed.

¶27

b. Dnyanoba @ Dyandeo s/o Vitthal Tandale, Age Major, Occ: Agril, R/o. Saradgoan, Tq. Parali, Dist. Beed.

¶28

c. Tukaram Vithalrao Tandale, Age Major, Occ: Agril, R/o. Saradgoan, Tq. Parali, Dist. Beed.

¶29

d. Vanmala w/o Satish Munde, Age Major, Occ: Agril, R/o. Saradgoan, Tq. Parali, Dist. Beed.

¶30

e. Shakuntala Balaji Munde, Age Major, Occ: Agril, R/o. Saradgoan, Tq. Parali, … Defendants Dist. Beed.

¶31

APPEARANCES For the Applicant Mr. A.L. Muley – Advocate For Defendant no. 1 to 13 None (Ex-parte) Shri Vimal Gupta Presiding Officer

¶32

JUDGMENT PRONOUNCED ON : 13.06.2024

(OA No.27/2022)

Page 3 of 19

[APK]

JUDGMENT

This is an application under sub-section (1) of section 19 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (‘The 1993 Act’ for short) for the recovery of the dues in the sum of Rs.3,18,60,514/as on 31^st March, 2021 together with future interest @ 13.25% p.a. thereon from the date of filing of Original Application till repayment/ realization.

¶38

The facts of the case are as under:

¶39

The Defendant no.1 who is the principal borrower is a public limited company and defendant nos.2 to 13 its members and guarantors to the loan facility granted by the applicant bank and have executed the security documents in favour of applicant bank.

¶40

Pursuant to the loan application made by defendant no.1, the applicant bank sanctioned in all loan facility of Rs.352 lakhs in the year 2015 for the purpose of clearing cane prices arrears of previous sugar sessions and timely settlement of cane prices of current sugar season.

¶41

On 23^rd September, 2015 & 28^th September, 2015 defendants have executed security documents as set out in paragraph no. 5(IV) of the Original Application.

¶42

In order to further secure the Loan facility availed by defendants, the defendants have executed simple mortgage deed respect to the immovable

(OA No.27/2022)

Page 4 of 19

[APK]

properties i.e.

All that piece and parcel of immovable properties bearing Land Gut no. 791 admeasuring area 30 R, Gut no. 791 admeasuring area 91 R, Gut no. 791 admeasuring area 30 R, Gut no. 791 admeasuring area 50 R, Gut no. 791 admeasuring area 42 R, Gut no. 791 admeasuring area 12 R, Gut no. 791 admeasuring area 12 R, Gut no. 791 admeasuring area 97 R, Gut no. 791 admeasuring area 31 R, Gut no. 791 admeasuring area 86 R, Gut no. 791 admeasuring area 76 R, Gut no. 791 admeasuring area 76 R, Gut no. 791 admeasuring area 74R, Gut no. 791 admeasuring area 2 H, Gut no. 793 admeasuring area 60 R, Gut no. 793 admeasuring area 3 H 33 R, Gut no. 793 admeasuring area 1 H 67 R, Gut no. 796 admeasuring area 1 H 66 R, Gut 2 H 80 R, Gut no. 797 Admeasuring area 2 H 67 R, Gut no. 807 admeasuring area 81 R, Gut no. 807 admeasuring area 40 R, Gut no. 810 admeasuring area 40 R, Gut no. 810 admeasuring area 40 R, Gut no. 795 admeasuring area 40 R, all situated at village Pangaon, Tq. Renapur, Dist. Latur.

¶48

All that piece and parcel of immovable properties bearing land Gut no. 64 admeasuring area 31 R, gut no. 64 admeasuring area 31 R, gut no. 10 admeasuring area 60 R, Gut no. 69 admeasuring area 1 H 10 R, Gut no. 71 admeasuring area 36R Gut no. 71 admeasuring area 56 R, Gut no. 71 admeasuring area 19 R all situated at Bhandharwadi, Tq. Renapur Dist. Latur,

¶49

All that piece and parcel of immovable properties bearing land Gut 47 admeasuring area 1 H 26R Gut no. 55 admeasuring area 83 R Gut no.438 Admeasuring area 96 R, Gut no. 438 admeasuring area 96R, Gut no. 438 Admeasuring area 96R, gut no. 438 admeasuring area 96 R all situated at Patharwadi Tq. Renapur Dist. Latur.

¶50

In order to secure the loan, defendant Nos.1 to 13 executed Loan Agreement Cum Hypothecation Deed on 28^th September, 2015. So also the defendants have executed letter of guarantee thereby agreeing the bank to make repayment of amount due in case of default in repayment by defendants.

(OA No.27/2022)

Page 5 of 19

[APK]

Plant and machineries:

¶55

Cane Milling Plan Electric Motors, Feeder table, cane carrier, rake carrier, cane kicker, cane leveler, swing hammer fibroses, cane feeding devices, milling plant, feed roller, chute, intermediate carrier, mill drive, converter station greasing, juice tanks/pumps, elevator & convey or mill house crane and gantry, clarification plant, evaporation and boiling plant, cooling/curing and grading plant, steam generating plant, power generating plant, diesel generating set, boiled house staging, centrifugal machine, dryer house equipments, cane unloaded and feeder table, boiler chimney (RCC), Turbo alternator, electrical including cables, trenches, drain gutters, juice/water and molasses weighing scales, pump and other ice, foundations, spray pond, final molasses tanks, furnace oil tanks, hot/cold water channels, connecting channels, pump foundation.

¶56

Distillery Plant/Unit:

¶57

List of the main items of the movable and immovable present and future plant machinery, equipments, appliances, accessories, spares, tools, etc. from the fittings and other movable articles lying to be installed and erected on the property is as under:

¶58

Construction of Distillery Building

¶59

Structural work

¶60

Biogas Civil Work

¶61

Shed

¶62

Laboratory

¶63

Molasses Plant

¶64

Machinery for Distillery plant

¶65

ETP-Biogas Plant Machinery

(OA No.27/2022)

Page 6 of 19

[APK]

Bio-Component Machinery and etc.

¶70

Laboratory equipment

¶71

Distillery Glass wares

¶72

Fire Fighting Equipment utilities

¶73

Machinery stores/spares

¶74

Analyzer column (Vacuum)C-411

¶75

Degasifying Column (Vacuum)

¶76

Prerectifier cum Exhaust Column (Vacuum)

¶77

ED Column (Atmospheric)

¶78

Rectifier Cum Exhaust Colum (Atmospheric)

¶79

Fusel Oil Column (Atmospheric)

¶80

Alcohol Scrubber (Vacuum)

¶81

Alcohol Scrubber (Vacuum)

¶82

Analyzer Column Reboiler

¶83

Fermented was preheater

¶84

Aldehyde cum HCC Condenser-I

¶85

Aldehyde cum HCC Condenser-II

¶86

Prerectifier Condenser-I

¶87

Prerectifier Condenser-II

¶88

PRC Fusel Oil Cooler

¶89

PRC column Reboiler

¶90

FOC column Reboiler

¶91

31.
32.

¶92

Aldehyde cum HCC column Reboiler

¶93

ED column Reboiler

¶94

Simmering Reboiler Vent Condenser

¶95

Soft water preheater

¶96

Rectifier cum Exhaust column Reboiler

¶97

Analyzer Reboiler Vent Condenser

¶98

Rectifier PCV Condenser

(OA No.27/2022)

Page 7 of 19

[APK]

Rectifier feed Preheater

¶103

Rectifier ENA cooler

¶104

Simmering Column Reboiler

¶105

Simmering Condenser-I

¶106

Simmering Condenser-II

¶107

ENA Product Cooler

¶108

Fusel Oil Condenser-I

¶109

PRC Fuesel Oil Decanter

¶110

Aldehyde Reflux Tank

¶111

IS Cooler

¶112

FOC Fusel Oil Cooler

¶113

FOC Fusel Oil Decanter

¶114

Vapur/Liquid separator for analyzer column

¶115

PRC Reflux Tank

¶116

PRC RS Draw Tank

¶117

FO Draw Tank

¶118

ED Condensate Tan

¶119

Rectifier Reflux Tank

¶120

FOC Reflux Tank

¶121

Simmering Reflux Tank 58. IS Collection Tank

¶122

Steam Condensate Tank

¶123

60.
61.

¶124

Hot Water Return Tank

¶125

Spent Wash Transfer Pump

¶126

Exhaust Bottom Transfer Pump

¶127

PRC Reflux Tr Pump

¶128

RS Draw Tr. Pump

¶129

FO Draw Tr. Pump,

¶130

Aldehyde Reflux Tr. Pump

(OA No.27/2022)

Page 8 of 19

[APK]

Aldehyde Bottom Tr. Pump

¶135

FOC Reflux Tr. Pump

¶136

ED Bottom Tr. Pump

¶137

ED Condensate Tr. Pump

¶138

Rectifier Bottom Transfer Pump

¶139

Rectifier Reflux Transfer Pump

¶140

Simmering Reflux Transfer pump

¶141

Simmering ENA Transfer pump

¶142

IS Transfer pump

¶143

Vacuum Pump

¶144

Steam Cond. Transfer pump

¶145

Vapor Bottles condenser

¶146

Manometer Bottle for column

¶147

Siphon For FOC column

¶148

Siphon for simmering column

¶149

Cooling water header

¶150

Soft water header

¶151

Steam Header

¶152

Piping

¶153

Equipment List For Fermantation Section

¶154

Molasses Filter

¶155

Weighed molasses Tank

¶156

3.
4.
5.

¶157

Molasses Weighing System

¶158

Weighed Molasses Pump

¶159

Culture vessels CV-I, CV-II

¶160

Pre-fermenter Transfer pump

¶161

Preferment

¶162

Preferment Cooler

¶163

Fermenter

(OA No.27/2022)

Page 9 of 19

[APK]

Air Sparger for Fermenter

¶168

Safety System for Fermenter

¶169

Broth Mixer for pre fermenter

¶170

Broth Mixer for fermenter

¶171

Molasses Diluter for culture Vessel

¶172

Fermented Wash Cooler

¶173

Fermenter- I Re circulation pump

¶174

Fermenter - II Recirculation pump

¶175

1. Fermenter-III Recirculation pump

¶176

Fermenter-IV Recirculation Pump

¶177

Wash Setting tank

¶178

Distillation Feed Pumps

¶179

Air Blowers

¶180

Separator for Ail Blower

¶181

Air Filter

¶182

Co2 Scrubber

¶183

CIP Tank

¶184

CIP Pump

¶185

Piping & fitting

¶186

Electrical & instrument

¶187

Water Treatment plant

¶188

Cooling tower

¶189

Alcohol receiver

¶190

Alcohol storage.

¶191

After availing the above said loan facilities, defendants did not maintain the financial discipline and failed to pay the installments despite the assurances and promises of the defendants to regularize the loan account, the defendants did not pay the dues of the applicant bank, whereby the

(OA No.27/2022)

Page 10 of 19

[APK]

dues in the loan accounts kept increasing gradually and interest kept mounting. The default committed by defendants were long and persistent. Therefore, the accounts of defendants were classified as NPA on 28^th March, 2019.

¶196

Since defendants failed and neglected to make the payment, the applicant bank has decided to terminate the loan facilities of the defendant and hence the applicant bank has demanded payment from the defendants but to issue notice on 04^th February, 2021 calling upon the defendants to liquidate the entire outstanding i.e. Rs.3,18,60,514/- as on 01^st September, 2021 together with further interest.

¶197

At the foot of the account, there was owing, due and payable by defendant to the applicant bank in respect of loan facility of Rs.3,18,60,514/-. The applicant bank has maintained the loan ledger extract and the entries posted therein are made in the usual and ordinary course of banking business which is supported by the certificate as required under law. Since defendants failed and neglected to make the payment, the applicant was left with no other alternate but to file the original application which was presented on 24^th September, 2021.

¶198

Defendants were duly served with the summons through RPAD and by hand delivery through the Authorised Officer of the bank. The defendants despite service on them did not choose to enter appearance either personally or through their Advocate. Hence, defendant nos.1 to 4 have

(OA No.27/2022)

Page 11 of 19

[APK]

failed to show cause as to why reliefs prayed for should not be granted.

¶203

The applicant bank has filed claim affidavit (Exhibit-04) of Mr. Sachin Surajmal Somani, along with original documents to corroborate and prove its claim as given in the Original Application thereby adducing in evidence the original documents at Sr.No.AW-1 to AW-15 which are admitted in evidence, read, recorded and exhibited.

¶204

I have scrutinized and examined the allegations made in the Original Application and analyzed the evidence adduced by the applicant in support of it’s claim. The defendants chose not to appear and contest the claim made by the applicant. The claim of the applicant thus goes uncontroverted and unrebutted.

¶205

Based on the pleadings, claim affidavit, original documents, oral submission by the counsel of the applicant bank, the applicant bank has corroborated and proved its claim as mentioned in the Original Application.

¶206

Upon careful scrutiny and examination of the Original Application, analyzing the evidence and giving due weightage to the documentary evidence adduced by the applicant, I am of the view that there is no reason to disbelieve the claim made by the applicant bank.

¶207

In view of the observations made hereinabove, the Original Application filed by the applicant deserves to be granted. Further due to reduced rate of interest/cost of funding and covid pandemic, I have to grant reasonable

(OA No.27/2022)

Page 12 of 19

[APK]

interest from the date of filing of OA till realization. Hence, I pass the following orders:-

¶212

ORDER

¶213

A. Original Application No.27/2022 is allowed with cost.

¶214

B. Defendant Nos. 01 to 12 & 13(a) to 13(e) are ordered and directed to pay jointly and severally to the applicant the aggregate sum of Rs.3,18,60,514/- (Rupees Three-Crores Eighteen-Lakhs SixtyThousand Five-Hundred Fourteen only) with pendent lite and future interest @ 8% p.a. simple from the date of filing of the Original Application till payment/ realisation.

¶215

C. The aforesaid adjudicated amount is secured by the charge on the immovable properties i.e.

¶216

All that piece and parcel of immovable properties bearing Land Gut no. 791 admeasuring area 30 R, Gut no. 791 admeasuring area 91 R, Gut no. 791 admeasuring area 30 R, Gut no. 791 admeasuring area 50 R, Gut no. 791 admeasuring area 42 R, Gut no. 791 admeasuring area 12 R, Gut no. 791 admeasuring area 12 R, Gut no. 791 admeasuring area 97 R, Gut no. 791 admeasuring area 31 R, Gut no. 791 admeasuring area 86 R, Gut no. 791 admeasuring area 76 R, Gut no. 791 admeasuring area 76 R, Gut no. 791 admeasuring area 74R, Gut no. 791 admeasuring area 2 H, Gut no. 793 admeasuring area 60 R, Gut no. 793 admeasuring area 3 H 33 R, Gut no. 793 admeasuring area 1 H 67 R, Gut no. 796 admeasuring area 1 H 66 R, Gut 2 H 80 R, Gut no. 797 Admeasuring area 2 H 67 R, Gut no. 807 admeasuring area 81 R, Gut no. 807 admeasuring area 40 R, Gut no. 810 admeasuring area 40 R, Gut no. 810 admeasuring area 40 R, Gut no. 795 admeasuring area 40 R, all situated at village Pangaon, Tq.

(OA No.27/2022)

Page 13 of 19

[APK]

Renapur, Dist. Latur.

¶221

All that piece and parcel of immovable properties bearing land Gut no. 64 admeasuring area 31 R, gut no. 64 admeasuring area 31 R, gut no. 10 admeasuring area 60 R, Gut no. 69 admeasuring area 1 H 10 R, Gut no. 71 admeasuring area 36R Gut no. 71 admeasuring area 56 R, Gut no. 71 admeasuring area 19 R all situated at Bhandharwadi Tq. Renapur Dist. Latur,

¶222

All that piece and parcel of immovable properties bearing land Gut 47 admeasuring area 1 H 26R Gut no. 55 admeasuring area 83 R Gut no.438 Admeasuring area 96 R, Gut no. 438 admeasuring area 96R, Gut no. 438 Admeasuring area 96R, gut no. 438 admeasuring area 96 R all situated at Patharwadi Tq. Renapur Dist. Latur.

¶223

D. The aforesaid adjudicated amount is secured by the charge on the movable Hypothecated properties i.e.

¶224

Plant and machineries:

(OA No.27/2022)

Page 14 of 19

[APK]

water channels, connecting channels, pump foundation.

¶230

Distillery Plant/Unit:

¶231

¶232

Construction of Distillery Building

¶233

Structural work

¶234

Biogas Civil Work

¶235

Shed

¶236

Laboratory

¶237

Molasses Plant

¶238

Machinery for Distillery plant

¶239

ETP-Biogas Plant Machinery

¶240

Bio-Component Machinery and etc.

¶241

Laboratory equipment

¶242

Distillery Glass wares

¶243

Fire Fighting Equipment utilities

¶244

Machinery stores/spares

¶245

14.
15.
16.
17.

¶246

Analyzer column (Vacuum)C-411

¶247

Degasifying Column (Vacuum)

¶248

Prerectifier cum Exhaust Column (Vacuum)

¶249

ED Column (Atmospheric)

¶250

Rectifier Cum Exhaust Colum (Atmospheric)

¶251

Fusel Oil Column (Atmospheric)

¶252

Alcohol Scrubber (Vacuum)

¶253

Alcohol Scrubber (Vacuum)

(OA No.27/2022)

Page 15 of 19

[APK]

Analyzer Column Reboiler 23. Fermented was preheater 24. Aldehyde cum HCC Condenser-I 25. Aldehyde cum HCC Condenser-II 26. Prerectifier Condenser-I 27. Prerectifier Condenser-II 28. PRC Fusel Oil Cooler 29. PRC column Reboiler 30. FOC column Reboiler 31. Aldehyde cum HCC column Reboiler 32. ED column Reboiler 33. Simmering Reboiler Vent Condenser 34. Soft water preheater 35. Rectifier cum Exhaust column Reboiler 36. Analyzer Reboiler Vent Condenser 37. Rectifier PCV Condenser 38. Rectifier feed Preheater 39. Rectifier ENA cooler 40. Simmering Column Reboiler 41. Simmering Condenser-I 42. Simmering Condenser-II 43. ENA Product Cooler 44. Fusel Oil Condenser-I 45. PRC Fuesel Oil Decanter 46. Aldehyde Reflux Tank 47. IS Cooler 48. FOC Fusel Oil Cooler 49. FOC Fusel Oil Decanter 50. Vapur/Liquid separator for analyzer column

(OA No.27/2022)

Page 16 of 19

[APK]

PRC Reflux Tank

¶262

PRC RS Draw Tank

¶263

FO Draw Tank

¶264

ED Condensate Tan

¶265

Rectifier Reflux Tank 56. FOC Reflux Tank 57. Simmering Reflux Tank

¶266

IS Collection Tank

¶267

Steam Condensate Tank

¶268

Hot Water Return Tank

¶269

Spent Wash Transfer Pump

¶270

Exhaust Bottom Transfer Pump 63. PRC Reflux Tr Pump

¶271

RS Draw Tr. Pump 65. FO Draw Tr. Pump, 66. Aldehyde Reflux Tr. Pump

¶272

Aldehyde Bottom Tr. Pump

¶273

FOC Reflux Tr. Pump 69. ED Bottom Tr. Pump 70. ED Condensate Tr. Pump 71. Rectifier Bottom Transfer Pump

¶274

72.
73.
74.

¶275

Rectifier Reflux Transfer Pump

¶276

Simmering Reflux Transfer pump

¶277

Simmering ENA Transfer pump

¶278

IS Transfer pump

¶279

Vacuum Pump

¶280

Steam Cond. Transfer pump

¶281

Vapor Bottles condenser

¶282

Manometer Bottle for column

(OA No.27/2022)

Page 17 of 19

[APK]

Siphon For FOC column 81. Siphon for simmering column 82. Cooling water header 83. Soft water header 84. Steam Header 85. Piping Equipment List For Fermantation Section 1. Molasses Filter 2. Weighed molasses Tank 3. Molasses Weighing System 4. Weighed Molasses Pump 5. Culture vessels CV-I, CV-II 6. Pre-fermenter Transfer pump 7. Preferment 8. Preferment Cooler 9. Fermenter 10. Air Sparger for Fermenter 11. Safety System for Fermenter 12. Broth Mixer for pre fermenter 13. Broth Mixer for fermenter 14. Molasses Diluter for culture Vessel 15. Fermented Wash Cooler 16. Fermenter- I Re circulation pump 17. Fermenter - II Recirculation pump 18. 209. Fermenter-III Recirculation pump 19. Fermenter-IV Recirculation Pump 20. Wash Setting tank 21. Distillation Feed Pumps 22. Air Blowers

(OA No.27/2022)

Page 18 of 19

[APK]

Separator for Ail Blower

¶291

Air Filter

¶292

Co2 Scrubber

¶293

CIP Tank

¶294

CIP Pump

¶295

Piping & fitting

¶296

Electrical & instrument

¶297

Water Treatment plant

¶298

Cooling tower

¶299

Alcohol receiver

¶300

Alcohol storage.

¶301

E. The Recovery Officer to proceed with the personal properties of the defendants by attaching the same.

¶302

F. Any amount recovered during pendency of Original Application shall be reduced and demand notice shall be issued accordingly

¶303

G. Issue Recovery Certificate accordingly against defendants.

¶304

H. The Registrar to send the copy of judgment and Recovery Certificate to the applicant and defendants.

¶305

I. Consign the file to the Record Room and orders be uploaded on official web-site.

¶306

(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Aurangabad

¶307

(OA No.27/2022)

¶308

Page 19 of 19

¶309

[APK]

Bank of Baroda v. Pannageshwar Sugar Mills Limited

Case brief

What is this about?

What did the court decide?

Bank of Baroda v. Pannageshwar Sugar Mills Limited

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Parties & counsel

Coram

Case details

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