Debts Recovery Tribunal allowed an application filed by Bank of India for recovery of Rs.51,92,328.93 plus interest against three defendants. Evidence filed by the bank stands unchallenged.
Directed respondents to pay Rs.51,92,328.93, cost, and interest @ 10% simple within 30 days. Recovery certificate issued. Recovery from assets if not paid.
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Before SUSHIL KUMAR RASTOGI, PresidingOfficer Debts Recovery Tribunal-Il, Delhi
TA No. 1288 OF 2022
BANK OF INDIA VS M/S HANELLOGISTICSLLP AND OTHERS
Reservedon :2L.O2.2O24
Pronounced on = L2.O4.2O24
BANK OF INDIA
-Applicant bank
Vs.
Present: Sh. Ravinder Gupta, Counsel appearsfor applicant bank.
None for defendants.
FINAL ORDER
This original application has beenfiled by the applicant bank, on15.t2.202Lthrough Shri Bhupinder Pal Singh, Chief Manager of theapplicant bank,under Section 19 of theRecovery ofDebtsDue to Banks and Financial Institution Act, 1993againstthe defendant nos. 1 to 3 for recovery of asum of Rs.51,92,328.93 together with cost, charges andpendentelliteand future interest @ 12.05%p.a. from date of filing of this O.A. tillthe realization infull.
TANO. 1288of2022 2
shocks and book debts etc. The defendantno. 2 and 3 are the designatedpartners of defendantno.l. In order to avail the said loan facility the defendant no. 2 and 3 have executed variousloaning documents dated 13.03.2019.
J
TANO. 1288of2022
In the light of the above discussions, the Transfer Application deserves to be allowed against defendant no.1 to 3.
ORDER
^'
TANO. 1288of2022 4 4) The registry of this Tribunal is hereby directed to issue free copy of the order and send the same to both the parties.
( ''-' l ^'tr-w,,y'vl Date: 12.04.2024 (susHrL rurqnn RASToGT) PRESIDING OFFICER DRT-II, De|hi
Thisjudgement has been signed, dated and pronounced in open court.
nd
)w 1/"1
Date: L2.04.2024 (SUSHIL KUMAR RASTOGI) PRESIDING OFFICER DRT-II, Delhi
.A
1 issue framed by the court
Whether the Debt Recovery Tribunal should allow the application filed under Section 19 of the RDBFI Act, 1993 for recovery of dues against non-appearing defendants.
1 provisions across 1 enactments
Bank of India
M/s Hanel Logistics LLP
Mr. Atul Paliwal
Mr. Shailendra Dahiya
Sushil Kumar Rastogi
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
