The Debts Recovery Tribunal allowed an original application filed by State Bank of India for recovery of a housing loan of Rs.37.61 Lakhs + future interest. The court, proceeding ex parte, ordered repayment secured by the mortgaged property.
Directing defendants to pay Rs.37,61,758/- plus future interest @9% p.a., enforcing mortgage, and issuing a Recovery Certificate.
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.
Presented on .. 05.11.2022 Registered on .. 15.09.2023 Decided on .. 15.12.2025 Duration .. Y—M—D 03--01--10
IN THE DEBTS RECOVERY TRIBUNAL AT PUNE (Before Shri Dilip G. Murumkar, Presiding Officer) ORIGINAL APPLICATION No. 1231/2023.
State Bank of India,
A Banking Company constituted under the State Bank of India Act, 1955, having its Corporate Office at State Bank Bhavan, Nariman Point, Madam Cama Road, Mumbai 400021 and its branch at – Stressed Assets Recovery Branch, Second Floor, Wardhaman, Seven Loves Chowk, Plot No. 321/A/3, Mahatma Phule Peth, Pune 411 042.
… Applicant
Versus
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Wester Bakery, Opp. K. Tech English School, Mithanagar, Kondhwa Khurd, Pune 411 048.
… Defendants
Appearances :- For Applicant For Defendants
Advocate R.B. Ganbote.
Ex parte.
Total Claim Amount – Rs.37,61,758/-
JUDGMENT (Delivered on 15th December, 2025)
As per the loan application dated 14.09.2016 of defendant Nos.1 and 2, the applicant Bank sanctioned the Housing Loan facility of Rs.36,00,000/- and Home Loan Insurance Cover loan facility of Rs.1,42,000/- to the defendants for purchase of flat vide Arrangement Letter dated 05.10.2016.
In order to secure the aforesaid loan facilities, the defendants have executed necessary loan and security documents in favour of the applicant Bank. On 07.10.2016, the defendants have also mortgaged the property all that
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piece and parcel of Flat No. 101 admeasuring 955 square feet on first floor of Opel Arsh Co-operative Housing Society Ltd. with Car Parking No. 13 admeasuring 105 square feet on the ground floor constructed on land bearing Survey No. 49/1/16, 49/1/65 and 49/1/77 at village Kondhwa Khurd, Taluka Haveli, District Pune, in favour of the applicant Bank.
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produced on record the original loan transaction documents at Sr. Nos. AW-1 to AW-11 along with list (Exhibit 7), which corroborates the case of the applicant Bank.
Hence, I pass the following order.
O R D E R
A} Original Application No. 1231/2023 is allowed with costs. B} Defendant Nos.1 and 2 either jointly or severally shall pay to the applicant Bank the sum of Rs.37,61,758/- (Rupees Thirty Seven Lakhs Sixty One Thousand Seven Hundred Fifty Eight only) along with future interest @9% per annum from the date of filing of the Original Application
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i.e. 05.11.2022 till full payment/realization of the amount mentioned in this operative order.
Sd/( Dilip G. Murumkar ) Place : Pune Presiding Officer Date : 15.12.2025 Debts Recovery Tribunal, Pune.
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1 issue framed by the court
Whether the applicant bank is entitled to recover the claimed housing loan dues and future interest against the defaulting defendants.
State Bank of India
Maksood Afsar Attar
Sou. Rukaiya Maksood Attar
Dilip G. Murumkar
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
