Allowed

Punjab National Bank v. Smt Sharmistha Das Dutta and Anr.

DRT21 Mar 2024OA/641/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an Original Application filed by a banking petitioner for recovery of a term loan principal and interest. Due to the ex-parte absence of respondents, the Tribunal upheld the claim, granted judgment debt, attached property, and ordered issuance of Recovery Certificate.

What did the court decide?

Petitioner entitled to recover Rs. 26,62,769.27 plus interest; 30-day grace period granted; defendants debarred from asset disposal; Recovery Certificate issuance directed.

Punjab National Bank versus Smt Sharmistha Das Dutta and Anr. — Banking and Recovery | DRT (2024)

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BEFoRETHE'??'.'.:i::-"'*"-"fililt?'-''KoLKATA

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PRESIOING^OFFICER

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o A'^{No 641 of 2022}

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DATE^{OF DELIVERYOF ORDERI21.10312024}

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pu NraB NArro NAf "1:1.."..1:.:, #,1':i:l:"lr;;t:"1^{[."," H::} companres^(Acqursrtion '""- l":':l'l ;' ** o"," ri,jOrt ano carry^{,1g onbu>rnes5} orfrce at^{PloL No.4, sector} Dlvisron ' ''^{'"'11,"'ii,,:",} "T::i:; ;;;;",4' Floor. sector'1. through^{one of rts sastra} . ^lroo^{una at all materialtimes tt car ed on and} satr Lake,^{Btock-DD/1I, rolkata'/uuuoq} "'' "'.:l-l^-',^-; ;.-. rr," .,e<enr one^at carfles ViP Road, on^{Banking 194, Scheme Busrness VII al 1'1' seveldl U't"0""* places (e-UBl)' of lndla' Kolkata includrag} -Lhe'pIese^{7OOO67'commonly} known as^{Ultadanga Main Branch' i"t"'""ti"treferredas the 'ApplrcantBank"'} within the lurisdiction^{of this Learned Tribunal'} Applicant^Bank

Applicant^Bank

VerSus_

M/s DLttta^{Engineering,daughter of}

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1. Smt. Sharmistha^{Das Dutta,proprietor of} Chandra^{Banerlee Road, PO &PS'}

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Subhas^{Dutta, residing at 75lH/60,Dr' Suresh} Beleqhata,Kolkata⁷⁰⁰⁰¹⁰

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2.sriBiswaiitoutta,sonofsubhasDutta,residingatT5/lll6o,Dr,sureshChandra Banerjee^{Road,P.o& P S Beleghata, Kolkata - 700010}

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Defendants

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Counsel for the APP|icant^Bank:

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Samapti Roy,^Advocates

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Set ex-Parte^on 73/O2/2024

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]UDGEI,1ENT

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The Applicant Bank^{filed thepresentOAberng No o-A 641 of 2022 on1511112022lor} recovery of a total^{sum of Rs.26,62,769'27l-(RupeesTwenty six lakh sixtv two thousand} seven hundred sixty^{nine and paisetwentysevenonly) from the Defendants towardslerm} loan together^{with interest,cost and other usual reliefs'}

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The Defendanis^{are servedwith summonsThe defendantsdid not appear'as there wasno} representation^{from the defendants,the case was flxed Forex parte hearinqon 13/A2/2024'} and heard ex_Parte^accordingly

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The Applicant Bank examined 14 documents^{through Sri S Balali, Chief lvlanagermarkedas} Exhibrt annexure - A/1 Lo Exh bit Annexure^A/14'

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Heard the^{Ld Counselfor the Applicant Bank'}

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rhe pornt Lnal arlses^{tor con\lderatlonls}

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OA against^{the Defendants} Whether^{the Applicant Bank is entitled to the claim made in the} and OA^{schedule properties as prayed for?}

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As stated^{sllpra, the Defendant remained absentand did not tLlrn up to 'ontrovert} the version^{of the O A of Applicant Bank The EvidenceAffidavitcoupled withthe recitals in the} do.uments^{viz.,ExhibitAnnexLlremdrked on behalf of the Applicant Bank'established the} cla m of^{the ApplicantBankagainstthe DefendantsandOA scheduleproperties' Hence' I} hold that^{theDefendantsare jolntlY and severally liable to pay to the ApplicantBank the} clarms^{made in the OA withfuture rnterest and costs'}

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l. ln the result,^{the present OriginalApplication is allowed ex-parte wrthcosts' as under:}

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ORDER

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(1) O.A. No^{641 of 2022 filed by the Applicant Bank is allowed anddebtis determinedwith} costagainstthedefendants'Itisherebyorderedthatapplicantbankisentitledto recove;^{from the defendantsthe total amountto the tu ne of Rs' 26'62'769 27l-(Rupees} Twenty six^{lakh sixty two thousand seven hundred sixty nineandpaisetwenty seven} only) with^{pendenteliteand future interest@ IO OOo/oper annuminterest with s'mple} on the amount^{due from the date of filing of the OriginalApplication i e15l11/2022lill} full and final^{realization of the claimamount'}

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or amount,^{if anyi}

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(2) Amount, if^{any, paid by the defendants in the loanaccounts} recovered^{by the Applicant Bankafter filing of the o A the same} be taken^intoaccount while arriving^{at the exact amount of dues/debtpayable} by the defendants. Accordingly,^{pendentelite and future interest shallbe calculatedon} the reduced^amount.

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(3) DefendantsaredebarredfromdisPosing.alienatingordealingwithanyoftheproperties belonging to^{them till the aforesaid decretal debtis recovered from the defendants'}

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(4) Defendantsaregivenatimeofthirtydaysfromthedateofthe]udgement/Finalorder for repaying^{ofthe above mentioneddues' so intimated to them ln case the defendants} fail to^{paythedueswithin the above mentioned time' the applicant bank is entitled to} recoveritsduesbysaleofsecuredassets,ifany.Applicantbankisalsoentitledto proceed against^{personal propertles of the defendants (Both movable and immovable)} and also^{proceedagainst the defendantspersonally to recover the dues in accordance} with law.

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Let the^{Certificate of Recovery be drawnup by Ld Registrarforthwithin termsof} ludgement^{for issuance of the sameagainst defendantsin favourof the applicant bank} UnderSectionlg(22)oftheRecoveryofDebtsandBankruptcyAct,1993andputUp the same^{forissuanceof the Certificatp'}

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(6) Ld. Recovery^{Officer shall realizethe amount as per the RecoveryCertificate from the} defendants^{in accordance with law}

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(7) Ld. Regrstrar order/ludgement^{of this Tribunal for recovery is directed of the to sum delrver recovery agarnsi the certifrcaLe defendant rn ln term iavoLLr of the of finalthe} Applicant^{Bank under Sectlon19 \22) of the Recoveryof Debts due to theBankand} Financial^{lnstitutionsAct, 199J now known as Recoveryof Debtsand Bankruptcy Act'} 1993.

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(8) The^{partiesare directed to} appear^{beforetheRecovery Officeton 3l0612024 for further} law in the^{eventthe entire amount is not paid by the said}

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action in^{accordancewith} date.

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Accordinqlv,^{the OriginalApplicatron beingO A' No 641 of 2022 is allowedand stands} disPosed of

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Copy of the^{Judgement/Final Order be uploadin the Tribunal's website'} File is conslgned^{to the Record Room'}

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, D. rdted o)Pno.^{ra'.beob! _er. 'orre'rpa'r'qneoond} pr.nn"n.e.l bv rne n the open Court on this 2r't af $atch,2024 )

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( KAIqAL DE ) PRESIDING OFFICER

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Som/

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

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gankvi stti.misttta Das Dutta &
Case if orcl No.647/2022
Order with signature
Date of order
Order No Order pronounced (vrde separate sheefs)'
Dt.21/ 03l 2024
In the result, O A No 641 of 2022 is allowed wlth costs'
IssJe Pecovery Certrr'cale accololnglY '
1 ramat oe f'
Presidinq Offrcer
DRT- 3, Kolkata
l1

Punjab National Bank v. Smt Sharmistha Das Dutta and Anr.

Case brief

What is this about?

What did the court decide?

Punjab National Bank v. Smt Sharmistha Das Dutta and Anr.

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

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