Bank of India v. Syed Masoom

DEBTS RECOVERY TRIB rAL AT LUCMW resent: Pravas Kumar Singh, 'residing Officdr Case No. Original Application +o.1182 of 202 Dated: 22.8.202 Bang of India, having Branch at 31,Khun Khur{ji Road, Chowk, Lucknow-22600 pbII„„t B,nkB,nk Versus Syed] Masoom Raza Rizvi, S/o Mr. Syed Moo£i Raza Rizvi, R/o 450/138, A, Mufti Ganjl Near St. Josephs School, cbowk, Lucknow-226003 2 M/s Priyadarshini Craft, (Throu! its Prop+ietor Mr. Syed Masoom Raza IZVI) R/o l38A, Shop No.13, Near Masjid Emli Hardoi Road Thakur Ganj . Lucknow 226d03 D4fdndants Ld. Cou4sel for the applicant-bank: Mr. Sabjeev Singh, AdIvI Ld. Courisel for the defendants: Mr. Rajneqsh Yadav, Adv+' le 1 Thi, P,iginal Application has been filed by the applic+tIBank under Section 19 &f the Recovery of Debts & Bank ,pt,y A,t, 19#31 ,g,in,t th, Four Lac defendants For the recovery of Rs.44,09,669. .91 - (Rupees F+: Id Paisa Fi Nine Thou£and, Six Hundred Sixty Nine Fine Only) (Rs.12,29,591.46/in Vehicle Loan Accoun1 (Rs.3 1,06,27: ;3/- in Cash Credit Load Account) & (Rs.73,896/- in Tet L,,n A„,unt} tbg,th„ with pendent-tit4 and future interest, costs and othe+ reli

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oIA. No.1182 of 2024

2 e 1r h e b r i e f fa c t s o f c a s e : 1r h e d e fe n d &tn o B 1 is prop jie [ or o fM/ Sa P,iy,d„,hi+i c„a/defendant no.2. The def4ndant no.1 on lb+half of the d,f,„d,nt no.2/n,m ,ide loa„ appli„ti,n dat bd 06.02.2023 4p+roached the ,ppli„„t-bank f„ g„nt ,f V,hi,1, F„ility I,f R,.14 1„,d,iFh w„ duly considered and sanctioned by the appncan+bank vide its Is&ction letter dated 07.02.2023on certain terms and condkLns (Exhibit NJ.1-2& Exhibit No. A-3) toFthis original application.

3 . The defendants had purchased Kia Jseltos be,ring R,gi,t„ti,„ No.UP32 NK 7408 register,d with th, T,anJport D,p,nme,it tHa, P,ad„h (As per thib „igi„,1 ,ppli,,ti,n). 4. In +rderto s„u„ th, ,f„„,idVehi,{, loan f„ility +fIR,.14 la,,th, defendantdo.1 ,„ b,h,if ,f the d,f,nd,nt „d.2/H„,a,d ex,&tbd ,nd ,ig„,d various #ecurity document, i.f,,,u, I ,f th, ,pp]i,hnt-b,nk .. 0 7 + 0 2 + 2 0 2 $ 1 i k e ]:) e ][1[F]1 an d P r o 111 i s s oryN oje ) Agreement of charge & ][][ y P o t h e c ?t i o n o f b o o k ) d e b t s ) ]D} e c 1 aradon i IN sped of no elation ship with any bank ! officers, Multipurpose documentb, Agreement of Hypothecation and LoaF Agreement(Exhibit No.A-4to +xhibit No. A_9+tq this original applicatiqn.