The Debts Recovery Tribunal allowed an ex parte original application filed by Punjab National Bank for recovery of a term loan from the defendants, determining the debt and granting relief for execution via certified recovery certificate.
Allowed OA, debt determined with interest; Registry to issue Certificate for Recovery under S. 19(22) RDB Act.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
BEFORE THEDEBTS RECOVERY TRIBUNAL-IIIKOLKATA PRESENT: SRIKAMAL DE
PRESIDING OFFICER
O.A. No. 606of 2022
DATE OF DELIVERYOF ORDER I7A/04/2024
PUNIAB NATIONALBANK,abody corporateconstltuted under theBankrnq Companres(Acquistion and Transferof llndertakngs) Act' 1970' havnq its Head Ofiice atPlot No.4, Sector10' Dwarka, New Dehr 11O075and carrvrnqon bus ness throLlghone of ts SasLraDrvrsonC rcle Offr'e'Ko kala South'9r" Floor' t l, H".antuB-asu Sarani, Un ledTower,Kolkata700001 and al a I mater al trmes I carrred on andcarrleson BanklngBusinessal several places of Indla'havlnq one of rts branches at GangulyMansion, JessoreRoad, Post Office& PolrceSlaLon Habra' District-'North24Parganas,Ptr|Codef43263,WestBenga'commonyknownas HabraBranch'hereinaflerreferreda5ihe..AppcantBank,,,WlthInlhejlrrlsdclonof thrs LearnedTrrbunal.
APPI cant Bank
Counsel forthe APPcant B'tnk:
11r. SwastikSaha, Advocate
Set ex Parleon 1/04/2424
]U. GE]']EIIT
1
2022 ot\ ot\ 211112022fot
The ApplicantBankfrled the present OA beingNoO'A' 606 of 2022 ot\ ot\ 211112022fot recoveryof a total sum of Rs 1,01'14'93672l(Rupees one crore onelakhfoLl rteen thousand nrnehundredthrrty six andpalse sevenLytwo only)from the Defendantstowards term loantogether wlth rnteresl, cost and other usual rellefs'
dld not aPPear,as lherewas no The DeFendantsare servedwith summons. The defendants
rePresenlationfrom the deFendants,lhe casev'vas fixed for ex PartehearingoI\ 2/A412024,
and heardex ParteaccordrnglY'
Hemraj Parewa,ChreflYanager The ApplrcanlBank examned 63 documentsthrouqh {Yr' marked asExhrbLtAnnexureA to Exhibit AnnexureAG
Heard LheLd. Counselfor the AppllcantBank'
Thepoini thatarrses forconsrderation1si
Whether LheAppl cant Bankrs entrtLedto the cLarmmadern the OA againstthe Defendanis and OA schedulepropertes as prayed for?
l_
As stated supra,the Defendant remalned absentand dld not turn up fo controvertthe version of theO.A. of Applicant Bank' The EvidenceAffidavitcoupled with the recita s ln fhe documenlsviz,, Exhblt AnnexllreA to Annexure AG markedon behall oi theAppllcant Bank. establrshedthe cla m of the Applrcant Bank aganst LheDefendantsand OA schedule properLres. Hence, I holdthat theDefendants are lolnlly and severallyiable to payto the Applicant Bankthe claims made in the OA w th future interest and costs-
In the result, thepresenl OriglnalAppllcationis allowed ex_partewith costs' as under
qRDEB
(1) O.A. No.606 of2022 fted by the Applicant Bank rs alto\aedanddebtsdetermrnedwiLh cost againsl thedefendants-It is herebyordered that applicant bank rs enLted lo recover Fromthe defendantsihe total amount to the lLrne of Rs 1'01'14'93672l (Rupees one croreone lakhfourteen thousandnrne hundred thirty six and paisesevenLv Lwo only) w lhpendenteliLe and iuture interesl !o 12'OOo/oper annumnterestwiLh srmple onthe amoLlntdue from the date of fillng of the Origrnal Applrcationr'e 2/11/2022tlll full and frnal realrzatronol the clarmamount'
Accordinqly, theOrrginalApplicalionberng O.A' No 606 of 2022rs allowedand stands disPosed of.
Copy of the Judgement/FlnalOrder be upload in the Tribunal's webslte FrLe Ls consigned to theRecord Room.
(D ctated to steno, transcr bed bvher, corrected,srgn€dand Pro.ounced bv men the openCourt on thrs 18t" day ofAPnl,2024 )
som/
DebtsRecovery Tribunal-3' Kolkata OrderSheet (Continuation)
M/s Nandy& Co & Anr'
| caseNo.OA No. | 5o512022 | |
|---|---|---|
| OateofOrder | Orderwithsignature | |
| OrderNo.5 D1,18/04/2024 |
Orderpronou lntheresult, IssLreRecove |
nced (vlde separate sheets)' O.A'No606ol2022is ryCert'trcate ac(otdrnqly' allowedwithcosts |
| LL | I l |
(KamalDe) PresrdrngOfficer DRT'3,Kolkata l i I L I |
1 issue framed by the court
Whether the Applicant Bank is entitled to the claim made in the OA against the Defendants and OA schedule properties as prayed for?
1 provisions across 1 enactments
PUNIAB NATIONAL BANK
M/s Nandy & Co., Proprietress Sharmila Nandy
Ramit Kumar Nandy
KAMAL DE
As recorded by the court registry
2 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
