Punjab National Bank v. R B Food Products Prop Shri Ramesh Gangwani
Case brief
What is this about?
Bench of Shri Ram Niwas Patet considered an original application filed by Punjab National Bank under Section 19 of the RDB Act for recovery of outstanding dues along with interest and mortgage on immovable property.
What the court decided
DEBTS RECOVERY TRIBUNAL : JABALPUR
(for the States of Madhya Pradesh and Chhattisgarh)
(Presiding Officer - Hon'bte Shri Ram Niwas Patet)
Originol Applicotion No. - 382/23
Punjab NationaI Bank, Circte SASTRA Centre, lndore(M.P.)
..... Appticant
Versus
01 ) M/s R.B. Food Products, Prop.-Shri Ramesh Gangwani
- Shri Ramesh Gangwani
(Both R/o 88, K.K. Compound, Gayatri Nagar, S.No.-30611 I 1, Patda, Near Nikesh Bhojnataya, lndore, M.P. 452009; Atso at: 1433 D Sector, Sudama Nagar, lndore, M.P. 452009],
..... Defendants
Counset for the Appticant : Shri AdamyaBajpai,Advocate
Issues for consideration
2 issues framed by the court
Whether the Debts Recovery Tribunal has jurisdiction to adjudicate the bank's application under Section 19 of the Recovery of Debts and Bankruptcy Act for recovery of dues.
Whether the defendants are liable to repay the outstanding term loan and cash credit limit availed from the applicant bank.
Parties & counsel
- applicant
Punjab National Bank, Circle Sastra Centre, Indore
- respondent
M/s R.B. Food Products, Prop.-Shri Ramesh Gangwani
- respondent
Shri Ramesh Gangwani
Coram
Case details
As recorded by the court registry
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