Allowed

City Union Bank Limited v. Sunil Kumar Shah and Anr.

DRT2 May 2024OA/82/2022

Case brief

AI extract

What is this about?

The DRT allowed the bank's ex parte application for recovery of a term loan against defendants who failed to appear or file a written statement, determining the debt amount and ordering the issuance of a recovery certificate under the RDB Act.

What did the court decide?

Recovery of dues quantified at Rs.2,54,45,461/- with future interest; issuance of Certificate of Recovery under Section 19(22) RDB Act; Defendant debarred from alienating properties.

City Union Bank Limited versus Sunil Kumar Shah and Anr. — Banking and Recovery | DRT (2024)

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BEFORE THE^{DEBTS RECOVERY TRIBUNAL-IIIKOLKATA}

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PRESENT:^{- SRIKAMALOE'}

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PRESIDING^OFFICER

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O.A. No.^{A2 of 2022}

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DATE OF^{DELMRYOF ORDER|2lOSl2024}

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City Union^{Bank Limited, a banking company incorporated under-^thelndran} ior;roun,..^{o.,,1913within the meanrngof BankingRegu tationsAct,_1949,havinqrts} i"n,i "r"J o*."^{at No. 149, TSR Big S;eet' Kumbakonam- 612001and-lo'alHead} Hemanta^{Basu sarani,Ground Floor (oppositeto BBDBaq Bus stand)'} oit"* "iir^, i",or,"'-^{rdooo, and carrying on bankinq businessat its RashbehariBranch aL} irrranu rorr"',208/1A, Rashbehari Avenue' Kolkata -^{700029' commonly known as} ,is easnUenarl^{Branch,herernafterreFerredas Lhe "AppllcantBank 'wLth n Lhe} jurisdiction of this Learned^Tribunal'

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App cant Bank

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Sri Sunil Kumar^{Shah,son of B L Shah, carryrngon business as partnerunder the} name and style of^{l!'lls ShahMr lrnglndustrres andresrd ng ai glockA' 173' Lake} Town near Sangam^{Complex,Lake Town,Kolkata 700089}

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Ms Ambica Shah, dauqhter^{oF lhabdrmaShah, carryrngon bllsrrressas parlner} under the name^{andsty e of Nl/s ShahPlrll nq lndustrres andres drnqatB ockA'} 173, Lake Town near^{Sanqam Complex,LakeTown, i(o kata 700089}

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Defendants

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Counsel for the^{APP|lcant Bankl}

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Anrrban Praman ck,^Advocate

Sef ex Parte on

23/04/2424

lulcEut N^r

The Applicant Bank^{filed the presentOA being No'o A /82/2022 or lllo2/2o22fat} recovery ofa total sum of^{Rs.2,A4,4A,461/(Rupeestwo croreerghLy four lakh !oriverllht} thoLlsand four hundred^{sixtyone only) from the Defendants towardsterm loan togetherwrth} interest, cost and^{oLher usual re iefs,}

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2,TheDefendant.areservedWlthslrmrnonsThederendantsdLdnotappear,a5lhereWaSno represental on from lhe^{detendants,lhc cate wasf xed ior ex parte hearrnqan 23/a4i2421'} and heard ex Parte alccordlnq Y

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The Applicant Bank examined^{34 documentsthrough Mr' Amritesh Kumar, BranchI\4anager} and marked as Exhibit^{Annexure_Ato ExhrbatAnnexure_Z/8'}

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Heard the Ld. Counsel^{for the ApplicantBank}

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The^point that arises^{for considerationls:}

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Whether the APPlicant^Bank s entrl ed^Lo the^{claim made rn lheOA agarnst the Defendants} and OA schedule ProPerties as prayed [or?

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As stated supra, lhe^{Defendantremarnedabsenl and drd not turn Lrp to} 'ontrovert^the versron of the O.A.^{of Applrcant Bank. It appearsthat theDefendants have ta ed to fr c} written statement^{withrn the sfipulaLed perod as rn lawThe EvidenceAffldavrl coupled !rrth} therecitalslnthedocumentsVjz,,ExhibitsAnnexure.AtoAnnexureZ/Smarkedonbehalf of the App cant Bank,^{established the c arm of theAppl cantBank agarnstthe Defendants} and OA schedule^{properlres Hence, Iholdthat theDefendantsare lo nily and severally} lrable to^pay to the^{ApplrcantBankthe clarmsmade rn the OA wrth fuLurentPrest and cosls}

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In the resu t, the^{presentOrigina Applicationis allowed ex parte with costs' as underl}

ORDER

O.A. No. 82 of 2022^{f1 ed by ihe Applicant Bank rs allowed and debts determrned wrth cosl} agarnst the defendants.^{liis hereby orderedthatapplcant bank rs enLrtledtoTecoveTfronl} thedefendantstheLotaamounttothetuneofRs.2,S4,4S,46l/-(RUpeestwocroreeighty FoLrr lakh forty eighl^{Lhousandfourhundred srxty one only)w th pendenteliteandfuture} rnterest @ 77 -lsa/a^{pe. annuminterest wrth simple on the amount due from the dateof} fLlrng of the Orrgrna^{Appllcatron .e- 17/02/2A22lr I flrl and frnal realTatron oi Lhe clarm} amount.

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(2) Amount, if any,^pa d by lhe^{defendants in the loan accounts or amount,fany'recoveredby} the Applicant Bank after^{flling of the O.A.the same be takenrnto account whrle arrlvlnqaL} theexactamol]ntofdues/debtpayabebythedefendanlsAccordngly,per]dentellteand future rnterest shall be calcu^{ated on the reducedamount'}

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(3) DeFendantsaredebarredFromdisposlng,allenatingordealingwithanyoftheproperties belonging to them till^{the aforesaid decretaldebt is recovered from the defendants'}

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(4) Defendants are^g ven^{a trme of thirtydayslromthe date ol the ludgcment/F nal Order for} repay nq of lhe above ment^{oned dues, so nl matedto them In caselhedefendantsfaio} pay the dues w lhin the above menl^{oned time, the applrcantbank s entrtlPdto recoverrts} dues by sale of^{secured assets, rf any. Appl cant bank is also entrtledto proceedaganst} personal propertres of Lhe deFendant5^{(Bothmovableand rmmovabe) anda so proceed} aga nsl the deiendants^{personallyto recover the dues rn accordancewrth law'}

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(s) Let lhe Cert^frcate of^{Recoverybe drawn up by LdRegrstrarlorlhwrthn lermsof} Judgement^{for rssuance of thesame aqarnst clefendantsn favour of theapplrcant bank} underSectronlg(22)oftheRecoveryofDebtsandBankrupLcyAct'1993andputuplhe same for ssuance^{oi LheCertifrcate.}

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amount as^per the^{Recovery Certiflcatefromthe}

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(6) Ld. Recovery Officer^{shall realrze the} defendants^{in accordance with law.}

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\7) Ld. Regrstrar of thrs^{Trrbunal rs drrectedto dcliverrecovery cerlrfrcate n ferrn ol the lnal} order/judgement^{for recovery of the sum againslLhedefendanl rn favourof LheApplrcant} Bank under Section 19^{(22) of the Recovery of Debtsdue to the Bank and F nancal} Inst tutrons Act, 1993^{now knownas Recoveryof DebLsand BankruptcyAct,I993'}

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(8) The parties are directed to appear before^{the RecoveryOfficeton 110712024For ftrrther} actron in accordance^with law in the evenl the entlre^{amount is not paidby the saiddate'}

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Accordingly, the Orig nal^{Applicationbeing O.A. No' 82 of 2022 is allowP'l and stands} drsposed of.

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Copy of the ludgement/Final^{Orderbe uploadrn the Trrbunal's!^rebslte'} File is consrgned to the^RecordRoom.

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(D ctaied to ste.o, transcnbed bY^{hrm,correcteds gneddnd} Pro.ounced bv meⁿ the^{open Court onthrs} 2'r ddy or l,1ay, 2024)

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( KAIYAL DE ) PRFSID]NG OFFICER

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

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Case No. OA No, A2l2022 City Union Bank Limited Vs. Sunil Ku mar Shah & Anr.
Date of order order with signature signature or Part'€r
Order No.Z order pronounced (vide separate sheets ).
Dt.2/05/2024
In the result, O.A. No.82 of 2022 rs allowed with costs. lssLre
Recovery Certifrcate accordingly.
( Kamal De )
Presrdlng Ofhcer
DRT 3, Kolkata
I

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

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Case No.^{OA/82/ 2022}

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Date of order

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city Union^{Bank LimitedVs sunil KumarShah & Anr'}

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Orl''e r'tron^wth sign'ture^{or padies}

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Order with signature

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Order No.6 D.t 2319412924

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For AppLrcanL^{: Mr- A Pramanlck,Ld Counsel'}

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For Defendants^{: None}

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The Regrstry^{has lssued noticelo theDefendant in termsof} order^{passed by thrs Trrbunal.DeFendant has notlLlrnedup} desprte the^{fact thaf lhenolLceshave been servedupon the} Defendant. Applicant^{prayed for hearing of thecase ex parte'} The matter^{rs pendrngsince 2022Hencer qht avallableto sole} Defendanl for fllinq of^{W S. anci counterevidencers to be} closed. It^rs closed.^{The OA proceedsfor ex_parle' Heard ihe Ld} Co!nsel for the^{App icant. Reservedfor order'}

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Applrcant may^{file wntten notesof argrrmenls'}

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To 2/O5/2O24 fot oftet.

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( Kamal De ) Pres d n9 ofncer DRT f, Kolkala

City Union Bank Limited v. Sunil Kumar Shah and Anr.

Case brief

What is this about?

What did the court decide?

City Union Bank Limited v. Sunil Kumar Shah and Anr.

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

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