The DRT allowed the bank's application for recovery of outstanding dues of Rs. 2.62 Cr. declared by the defendants after their loans became NPAs, holding them jointly and severally liable with future interest.
Liability to pay Rs. 2,62,29,113.33 plus future interest; entitlement to recover from sale of mortgaged property and personal assets.
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.
“ORIGINALAPPLICATION” No. 135 of 2024
BEFORE THE DEBTS RECOVERY TRIBUNAL, JAIPUR PRESENT- SHRI VIMAL GUPTA
PRESIDING OFFICER
O.A. NO. 135 OF 2024
DATE OF RESERVE OF ORDER 08.10.2025 DATE OF DELIVERY OF ORDER 01.11.2025
Omkara Assets Reconstruction Private Limited having its registered office at No. 9, M.P. Nagar, First Street, Kongu Nagar Extension, Tirupur-641607, Tamil Nadu and Corporate Office at Kohinoor Square, 47th Floor, N.C. Kelkar Marg, R.G. Gadkari Chowk through its Authorized Signatory Mrs. Pratiksha Patel.
…..Applicant Bank…..
VERSUS
1. M/s S.D. Enterprises through its partners, Address: A-9, Surajpole, Anaj Mandi, Jaipur-302001,Rajasthan.
2. Mr. Suresh Kumar Khandelwal, Address: B-4, Saket Colony, Adarsh Nagar, Jaipur-302004, Rajasthan.
Also At:-
Mr. Suresh Kumar Khandelwal, Address: C-45, Laxmi Narayan Puri, Surajpole Gate, Galta Road, Jaipur-302003, Rajasthan.
3. Mr. Sheetal Kumar, Address: B-4, Saket Colony, Adarsh Nagar, Jaipur-302004, Rajasthan.
Also At:-
Mr. Sheetal Kumar, Address: C-45, Laxmi Narayan Puri, Surajpole Gate, Galta Road, Jaipur-302003, Rajasthan.
4. Mr. Ankit Gupta, Address: B-4, Saket Colony, Adresh Nagar, Jaipur-302004, Rajasthan.
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Also At:-
Mr. Ankit Gupta, Address: C-45, Laxmi Narayan Puri, Surajpole Gate, Galta Road, Jaipur-302003, Rajasthan.
5. Mrs. Saroj Khandelwal W/o Sh. Suresh Kumar Khandelwal, Address: B-4, Saket Colony Adarsh Nagar, Jaipur-302004, Rajasthan.
Also At:-
Mrs. Saroj Khandelwal W/o Sh. Suresh Kumar Khandelwal , Address: C-45, Laxmi Narayan Puri, Surajpole Gate, Galta Road, Jaipur-302003, Rajasthan.
……Defendants…..
Counsel for the Applicant Bank Sh. Vineet Sharma Counsel for the Defendant no. 1 & 2 Sh. Rohit Tantia Defendant no. 3 to 5 are ex-parte
JUDGMENT
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demanding them to repay the total outstanding amount of Rs. 2,62,29,113.33. Despite giving recall notice the defendants failed to clear the due amount of the applicant bank, therefore, the applicant bank has filed this original application for recovery of its dues against the Defendants.
a) The Defendants are jointly & severally liable to pay to the applicant bank a sum of Rs. 2,62,29,113.33 (Rupees Two Crore Sixty Two Lac Twenty Nine Thousand One Hundred
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Thirteen and Thirty Three Paisa only) with future interest @ 10.00% (simple) p.a. from 19.09.2023 till the date of realization.
b) The applicant bank is entitled to recover the above amount from the sale of the mortgaged property i.e. “All the Part and Parcel of Commercial Property at Shop Cum Godown No. Ka-09, along with Platform, Surajpole Anaj Mandi Campus, Jaipur, Rajasthan admeasuring at 362.45 Sq. Mtr. in the name of defendant no. 1” as well as personal movable and immovable properties/assets of Defendants. The applicant bank is entitled to proceed against the same towards recovery of its debt.
c) The applicant bank is entitled to the costs of the O.A.
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(Vimal Gupta) Presiding Officer, Debts Recovery Tribunal, Jaipur
Order pronounced in the open court today i.e. 01.11.2025 .
(Vimal Gupta) Presiding Officer, Debts Recovery Tribunal, Jaipur
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BEFORE THE DEBTS RECOVERY TRIBUNAL, JAIPUR
PRESENT- SHRI VIMAL GUPTA
PRESIDING OFFICER
O.A. NO. 135 OF 2024
DATE OF DELIVERY OF ORDER 01.11.2025
RECOVERY CERTIFICATE
(UNDER SUB Section 22 of the Recovery of Debts due to Banks and Financial Institutions Act, 1993 (Act 51 of 1993)
Omkara Assets Reconstruction Private Limited having its registered office at No. 9, M.P. Nagar, First Street, Kongu Nagar Extension, Tirupur-641607, Tamil Nadu and Corporate Office at Kohinoor Square, 47th Floor, N.C. Kelkar Marg, R.G. Gadkari Chowk through its Authorized Signatory Mrs. Pratiksha Patel.
…..Applicant Bank…..
VERSUS
1. M/s S.D. Enterprises through its partners, Address: A-9, Surajpole, Anaj Mandi, Jaipur-302001, Rajasthan.
2. Mr. Suresh Kumar Khandelwal, Address: B-4, Saket Colony, Adarsh Nagar, Jaipur-302004, Rajasthan.
Also At:-
Mr. Suresh Kumar Khandelwal, Address: C-45, Laxmi Narayan Puri, Surajpole Gate, Galta Road, Jaipur-302003, Rajasthan.
3. Mr. Sheetal Kumar, Address: B-4, Saket Colony, Adarsh Nagar, Jaipur-302004, Rajasthan.
Also At:-
Mr. Sheetal Kumar, Address: C-45, Laxmi Narayan Puri, Surajpole Gate, Galta Road, Jaipur-302003, Rajasthan.
4. Mr. Ankit Gupta, Address: B-4, Saket Colony, Adresh Nagar, Jaipur-302004, Rajasthan.
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Also At:-
Mr. Ankit Gupta, Address: C-45, Laxmi Narayan Puri, Surajpole Gate, Galta Road, Jaipur-302003, Rajasthan.
5. Mrs. Saroj Khandelwal W/o Sh. Suresh Kumar Khandelwal, Address: B-4, Saket Colony Adarsh Nagar, Jaipur-302004, Rajasthan.
Also At:-
Mrs. Saroj Khandelwal W/o Sh. Suresh Kumar Khandelwal , Address: C-45, Laxmi Narayan Puri, Surajpole Gate, Galta Road, Jaipur-302003, Rajasthan.
……Defendants…..
Recovery Certificate for Rs. 2,62,29,113.33
In terms of final order dated 01.11.2025 passed by this Tribunal in the above mentioned case, it is ordered that the-
a) The Defendants are jointly & severally liable to pay to the applicant bank a sum of Rs. 2,62,29,113.33 (Rupees Two Crore Sixty Two Lac Twenty Nine Thousand One Hundred Thirteen and Thirty Three Paisa only) with future interest @ 10.00% (simple) p.a. from 19.09.2023 till the date of realization.
b) The applicant bank is entitled to recover the above amount from the sale of the mortgaged property i.e. “All the Part and Parcel of Commercial
Property at Shop Cum Godown No. Ka-09, along
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with Platform, Surajpole Anaj Mandi Campus, Jaipur, Rajasthan admeasuring at 362.45 Sq. Mtr. in the name of defendant no. 1” as well as personal movable and immovable properties/assets of Defendants. The applicant bank is entitled to proceed against the same towards recovery of its debt.
c) The applicant bank is entitled to the costs of the O.A.
Parties are directed to appear before the Recovery Officer, DRT, Jaipur on 23.12.2025.
The Recovery Officer shall realize the amount as per this Certificate in the manner and mode prescribed under Section 25 and 28 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (as amended from time to time) from the above named Certificate Debtor.
This Certificate has been issued under my signatures and seal of the Tribunal.
(Vimal Gupta) Presiding Officer, Debts Recovery Tribunal, Jaipur
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BEFORE THE DEBTS RECOVERY TRIBUNAL, JAIPUR
PRESENT- SHRI VIMAL GUPTA
PRESIDING OFFICER
O.A. NO. 135 OF 2024
DATE OF DELIVERY OF ORDER 01.11.2025
SCHEDULE TO RECOVERY CERTIFICATE
MEMO OF COST
Omkara Assets Reconstruction Private Limited having its registered office at No. 9, M.P. Nagar, First Street, Kongu Nagar Extension, Tirupur-641607, Tamil Nadu and Corporate Office at Kohinoor Square, 47th Floor, N.C. Kelkar Marg, R.G. Gadkari Chowk through its Authorized Signatory Mrs. Pratiksha Patel.
…..Applicant Bank…..
VERSUS
1. M/s S.D. Enterprises through its partners, Address: A-9, Surajpole, Anaj Mandi, Jaipur-302001,Rajasthan.
2. Mr. Suresh Kumar Khandelwal, Address: B-4, Saket Colony, Adarsh Nagar, Jaipur-302004, Rajasthan.
Also At:-
Mr. Suresh Kumar Khandelwal, Address: C-45, Laxmi Narayan Puri, Surajpole Gate, Galta Road, Jaipur-302003, Rajasthan.
3. Mr. Sheetal Kumar, Address: B-4, Saket Colony, Adarsh Nagar, Jaipur-302004, Rajasthan.
Also At:-
Mr. Sheetal Kumar, Address: C-45, Laxmi Narayan Puri, Surajpole Gate, Galta Road, Jaipur-302003, Rajasthan.
4. Mr. Ankit Gupta, Address: B-4, Saket Colony, Adresh Nagar, Jaipur-302004, Rajasthan.
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Also At:-
Mr. Ankit Gupta, Address: C-45, Laxmi Narayan Puri, Surajpole Gate, Galta Road, Jaipur-302003, Rajasthan.
5. Mrs. Saroj Khandelwal W/o Sh. Suresh Kumar Khandelwal, Address: B-4, Saket Colony Adarsh Nagar, Jaipur-302004, Rajasthan.
Also At:-
Mrs. Saroj Khandelwal W/o Sh. Suresh Kumar Khandelwal , Address: C-45, Laxmi Narayan Puri, Surajpole Gate, Galta Road, Jaipur-302003, Rajasthan.
……Defendants…..
| S.No. | Item of Costs | Amount (Rs.) |
|---|---|---|
| 1 | Fee on the Application | 1,50,000.00 |
| 2 | Process Fee (Inc. Publication) | 382.00 |
| 3 | Advocate Fee | 1,250.00 |
| 4 | Commission/Receiver/Valuation | NIL |
| 5. | Miscellaneous Charges | NIL |
| Total | 1,51,632.00 |
(Vimal Gupta) Presiding Officer, Debts Recovery Tribunal, Jaipur
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Date : 01.11.2025
Counsel:
Sh. Vineet Sharma, Counsel for Applicant Bank Sh. Rohit Tantia, Counsel for the Defendant no. 1 & 2 Defendant no. 3 to 5 are ex-parte
Judgment dictated separately and pronounced in the open court. As per order the O.A. is allowed. Recovery Certificate be prepared accordingly and the Registry is directed to verify the Recovery Certificate as per Regulation 24(1) and (2) of Debts Recovery Tribunal Jaipur Regulation 2015 and after verification place the same before the Tribunal.
(Vimal Gupta) Presiding Officer, Debts Recovery Tribunal, Jaipur
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Date : 01.11.2025
Counsel:
Sh. Vineet Sharma, Counsel for Applicant Bank Sh. Rohit Tantia, Counsel for the Defendant no. 1 & 2 Defendant no. 3 to 5 are ex-parte
The Tribunal vide order dated 01.11.2025 , directed the Registrar to verify the Recovery Certificate as per Regulation 24(1) and (2) of Debts Recovery Tribunal Jaipur Regulation 2015.
The Registrar vide order dated 01.11.2025 verified the Recovery Certificate as per Regulation 24(1) and (2) of Debts Recovery Tribunal Jaipur Regulation 2015. Recovery Certificate be prepared accordingly. Copy of the Judgment and Recovery Certificate be given free to the concerned parties as well as be sent to the Recovery Officer for further proceedings. File be put up before the Registrar for compliance. After compliance file be consigned to record.
(Vimal Gupta) Presiding Officer, Debts Recovery Tribunal, Jaipur
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1 issue framed by the court
Whether the applicant bank is entitled to recover the outstanding dues along with future interest from the mortgaged and personal properties of the defendants.
2 provisions across 2 enactments
Omkara Assets Reconstruction Private Limited
M/s S.D. Enterprises
Mr. Suresh Kumar Khandelwal
Mr. Sheetal Kumar
Mr. Ankit Gupta
Mrs. Saroj Khandelwal
Vimal Gupta
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
