Bank of India versus Shanti Natural Health Centre

Presented on .. 07.02.2024 Registered on .. 09.04.2024 Decided on .. 29.09.2025 Duration .. Y—M—D 01--07--22

IN THE DEBTS RECOVERY TRIBUNAL AT PUNE (Before Shri Dilip G. Murumkar, Presiding Officer) ORIGINAL APPLICATION No. 155/2024.

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Bank of India,

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A Body Corporate constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970, having its head office at Star House, C-5, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai 400051 and branch at – Rasta Peth, Sai Yashodatta Complex, Opp. KEM Hospital, Pune 411 011.

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… Applicant

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Versus

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1 M/s. Shanti Natural Health Centre, A partnership Firm registered under the Indian Partnership Act, 1932, having its registered office at Shanti Business Centre, cabin No.2, At Office No. 7, First Floor, B Wing 340+341, Rasta Peth, Pune 411 011 Also at :-

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Plot No. 188, S. No. 19/2, Padalghar, Gram Panchayat Dasve, Taluka Mulshi, District Pune 412 107.

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2 Mr. Vinod Vijayshankar Sharma, (Partner and Guarantor) 150/B, Rasta Peth, Unit No. 4, Second Floor, Rear Side of Maa Durga Kripa Building, Near District Ratnagiri. Kumbhare Clinic, Shriyalsheth Chowk, Pune 411 011.

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3 Mrs. Neeta Vinod Sharma, (Partner and Guarantor) 150/B, Rasta Peth, Unit No. 4, Second Floor, Rear Side of Maa Durga Kripa Building, Near District Ratnagiri. Kumbhare Clinic, Shriyalsheth Chowk, Pune 411 011. … Defendants

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Appearances :-

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For Applicant Advocate Sudha Koloti. For Defendants Ex parte.

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Total Claim Amount – Rs.2,01,94,992=54

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JUDGMENT

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(Delivered on 29^th September, 2025)

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The Applicant Bank has filed the present application for recovery of the sum of Rs.2,01,94,992=54, by rounding Rs.2,01,94,993/- together with future interest @11.85% per annum from the date of Application till realization of the entire dues from the defendants.

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Brief facts of the application are as under :-

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Defendant No.1 is a Partnership firm registered under the name and style M/s. Shanti Natural Health Centre and defendant Nos. 2 and 3 are its partners and guarantors.

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As per the loan application of defendant No.1 through defendant Nos.2 and 3, the applicant Bank sanctioned the Term loan facility of Rs.63,54,000/- to defendant No.1 for construction of building and acquisition of furniture and fixture for wellness center vide Sanction Letter dated 30.11.2017. Defendant Nos.2 and 3 stood guarantors for the repayment of loan availed by defendant No.1.

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Thereafter, again as per request of the defendants, the applicant Bank reviewed the existing Term Loan and sanctioned two facilities i.e. Term Loan I (Review) of Rs.63,54,000/- and New Term Loan II of Rs.27,00,000/- to the defendants vide sanction letter dated 11.06.2018.

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Thereafter, again in the year 2019 the defendants approached the applicant Bank for review of Term Loan. Accordingly the applicant Bank sanctioned Term Loan I (Review) of Rs.59,57,000/- and Term Loan II of Rs.25,31,000/- (Review) and New Term Loan III of Rs.30,00,000/and Cash Credit of Rs.14,00,000/aggregating to Rs.1,28,88,000/- to the defendants vide sanction letter dated 28.08.2019.

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The applicant further averred that due to Covid 19 and as per RBI direction, unpaid interest for 01.04.2020 to 31.03.2021 was converted into Funded Interest Term Loan. Accordingly, the applicant Bank sanctioned FITL loan for an amount of Rs.14,45,000/- to the defendants.

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Defendant No.1 again approached the applicant Bank with an application dated 13.08.2020 for sanction of Star Guaranteed Emergency Credit Line and after considering application of defendant No.1, the applicant Bank sanctioned GECL of Rs.25,88,000/- to the defendants.

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Defendant No.1 again approached the applicant Bank with an application for sanction of Star Guaranteed Emergency Credit Line and after considering application of defendant No.1, the applicant Bank sanctioned GECL under Emergency Credit Line Guarantee Scheme (ECLGS) of Rs.25,87,000/- to the defendants vide Sanction Letter dated 27.07.2021.

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In order to secure the aforesaid loan facilities, the defendants have executed necessary loan and security documents in favour of the applicant Bank. The defendants have also executed deed of hypothecation of interior, furniture such as AC units, beds, wardrobes, side tables, sofas, chairs, table, aluminum partition, fall ceilings, manage tables, reception table, steam units,

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speakers, yoga matt etc. and registered mortgage deeds in favour of the applicant Bank in respect of all that piece and parcel of the NA Land Survey Nos. 19/2 (Part) area 00 H 40 R Shanti Resort and Spa a Sampoorna Sawasthya Center Unit No. 1 to 23, Village: Padalghar, Grampanchayat: Dasve, Taluka Mulshi, District Pune and is bounded as under :

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On or towards the East : S. No. 19/2 (part) gavthan, On or towards the West : Nalla

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On or towards the North : S. No. 19/2 (part)

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On or towards the South : Main Road

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And out of which the following mortgaged properties:

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Property No. 1 STUDIO UNIT No. 108

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It is a Residential/Professional studio health Unit, on the Ground Floor of building, marked as ―A wing‖ at the second platform level of the plot, admeasuring about 36.23 sq. mtrs. built up, consisting of hall/bed, kitchenette, toilet, and verandah. This unit has a separate entrance on the Ground Floor, with undivided share in the land and common amenities 2.0377% and showed in the plan as unit no. 8.

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Property No. 2 STUDIO UNIT No. 109

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It is a Residential/Professional studio health Unit, on the Ground Floor of building, marked as ―A wing‖ at the

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second platform level of the plot, admeasuring about 36.23 sq. mtrs. built up, consisting of hall/bed, kitchenette, toilet, and verandah. with undivided share in the land and common amenities 2.0377%. This unit has a separate entrance on the Ground Floor, and showed in the plan as unit no. 9.

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Property No. 3 STUDIO UNIT No. 110

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It is a Residential/Professional studio health Unit, on the Ground Floor of building, marked as ―A wing‖ at the second platform level of the plot, admeasuring about 36.23 sq. mtrs. built up, consisting of hall/bed, kitchenette, toilet, and verandah. with undivided share in the land and common amenities 2.0377%. This unit has a separate entrance on the Ground Floor, and showed in the plan as unit no. 10.

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Property No. 4 STUDIO UNIT No. 111

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It is a Residential/Professional studio health Unit, on the Ground Floor of building, marked as ―A wing‖ at the second platform level of the plot, admeasuring about 36.23 sq. mtrs. built up, consisting of hall/bed, kitchenette, toilet, and verandah. with undivided share in the land and common amenities 2.0377%. This unit has a separate entrance on the Ground Floor, and showed in the plan as unit no. 11.

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Property No. 5 STUDIO UNIT No. 117

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It is a Residential/Professional studio health Unit, on the First Floor of building, marked as ―A wing‖ at the second platform level of the plot, admeasuring about 36.23 sq. mtrs. built up, consisting of hall/bed, kitchenette, toilet, and verandah. with undivided share in the land and common amenities 2.0377%. This unit has a separate entrance on the First Floor, and showed in the plan as unit no. 17.

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Property No. 6 STUDIO UNIT No. 118

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It is a Residential/Professional studio health Unit, on the First Floor of building, marked as ―A wing‖ at the second platform level of the plot, admeasuring about 36.23 sq. mtrs. built up, consisting of hall/bed, kitchenette, toilet, and verandah. with undivided share in the land and common amenities 2.0377%. This unit has a separate entrance on the First Floor, and showed in the plan as unit no. 18.

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Property No. 7 STUDIO UNIT No. 119

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It is a Residential/Professional studio health Unit, on the First Floor of building, marked as ―A wing‖ at the second platform level of the plot, admeasuring about 36.23 sq. mtrs. built up, consisting of hall/bed, kitchenette, toilet, and verandah. with undivided share in the land and

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common amenities 2.0377%. This unit has a separate entrance on the First Floor, and showed in the plan as unit no. 19.

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Property No. 8 STUDIO UNIT No. 120

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It is a Residential/Professional studio health Unit, on the First Floor of building, marked as ―A wing‖ at the second platform level of the plot, admeasuring about 36.23 sq. mtrs. built up, consisting of hall/bed, kitchenette, toilet, and verandah. with undivided share in the land and common amenities 2.0377%. This unit has a separate entrance on the First Floor, and showed in the plan as unit no. 20.

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Property No. 9 STUDIO UNIT No. 112

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It is a Residential/Professional studio health Unit, on the First Floor of building, marked as ―B wing‖ at the second platform level of the plot, admeasuring about 36.23 sq. mtrs. built up, consisting of hall/bed, kitchenette, toilet, and verandah. This unit has a separate entrance on the First Floor, by Passage and showed in the plan as unit no. 12.

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Property No. 10 STUDIO UNIT No. 113

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It is a Residential/Professional studio health Unit, on the First Floor of building, marked as ―B wing‖ at the second platform level of the plot, admeasuring about 36.23 sq.

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mtrs. built up, consisting of hall/bed, kitchenette, toilet, and verandah. This unit has a separate entrance on the First Floor, by Passage and showed in the plan as unit no. 13.

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Property No. 11 STUDIO UNIT No. 114

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It is a Residential/Professional studio health Unit, on the First Floor of building, marked as ―B wing‖ at the second platform level of the plot, admeasuring about 36.23 sq. mtrs. built up, consisting of hall/bed, kitchenette, toilet, and verandah. This unit has a separate entrance on the First Floor, by Passage and showed in the plan as unit no. 14.

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Property No. 12 STUDIO UNIT No. 115

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It is a Residential/Professional studio health Unit, on the First Floor of building, marked as ―B wing‖ at the second platform level of the plot, admeasuring about 36.23 sq. mtrs. built up, consisting of hall/bed, kitchenette, toilet, and verandah. This unit has a separate entrance on the First Floor, by Passage and showed in the plan as unit no. 15.

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Property No. 13 STUDIO UNIT No. 116

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It is a Residential/Professional studio health Unit, on the First Floor of building, marked as ―B wing‖ at the second platform level of the plot, admeasuring about 36.23 sq.

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mtrs. built up, consisting of hall/bed, kitchenette, toilet, and verandah. This unit has a separate entrance on the First Floor, by Passage and showed in the plan as unit no. 16.

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Property No. 14 STUDIO UNIT No. 121

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It is a proposed Residential/Professional studio health Unit Shed, on the Second Floor Terrace of building, marked as ―A wing‖ at the second platform level of the plot, admeasuring about 183.15 sq. mtrs. built up, consisting of hall, toilet. This unit has a separate entrance on the Second Floor, and showed in the plan as unit no. 21.

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Property No. 15 STUDIO UNIT No. 122

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It is a Residential/Professional studio health Unit Shed, on the Second Floor Terrace of building, marked as ―B wing‖ at the second platform level of the plot, admeasuring about 144.92 sq. mtrs. built up, consisting of hall, toilets. This unit has a separate entrance on the Second Floor, and showed in the plan as unit no. 22.

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Property (Additional) No. 16 STUDIO UNIT No. 107

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It is a Kitchen/dining, canteen unit on the Ground Floor of building, marked as ―B wing‖ and at the second platform level of the plot, admeasuring about 60.6293 sq. mtrs. built up, consisting of dining, Kitchen, toilet, Lobby and including adjacent shed for canteen and dining having

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admeasuring area 91.322 sq. mtr. Separate adjacent restricted open courtyard unit no. 003 admeasuring 36.3391 sq. mtrs. and a separate restricted access area unit no. 004 from rear side of A wing admeasuring 74.94 sq. mtrs. and also and a separate restricted access area unit no. 005 from rear side of B wing admeasuring 141.9104 sq. mtrs. this unit has a separate entrance on the Ground Floor 6.

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Property No. 1 STUDIO UNIT No. 104

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Residential/Professional studio health Unit, on the Ground Floor of building, marked as ―B wing‖ at the second platform level of the plot, admeasuring about 42.27 sq. mtrs. built up, consisting of hall/bed, Kitchenette, toilet, verandah and inclusive of a adjacent restricted open courtyard. This unit has a separate entrance on the Ground Floor, and showed in the plan as unit no. 4.

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Property No. 2 STUDIO UNIT No. 105

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Residential/Professional studio health Unit, on the Ground Floor of building, marked as ―B wing‖ at the second platform level of the plot, admeasuring about 42.27 sq. mtrs. built up, consisting of hall/bed, Kitchenette, toilet, verandah and inclusive of a adjacent restricted open courtyard. This unit has a separate entrance on the Ground Floor, and showed in the plan as unit no. 4.

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Property No. 3 STUDIO UNIT No. 106

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Residential/Professional studio health Unit, on the Ground Floor of building, marked as ―B wing‖ at the second platform level of the plot, admeasuring about 42.27 sq. mtrs. built up, consisting of hall/bed, Kitchenette, toilet, verandah and inclusive of a adjacent restricted open courtyard. This unit has a separate entrance on the Ground Floor, and showed in the plan as unit no. 4.

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Property No. 4 STUDIO UNIT No. 123

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Residential/Professional studio health Unit Shed, on the Ground Floor of building, marked as ―C wing‖ at the Third platform level of the plot, admeasuring about 405 sq. mtrs. built up, consisting of 5 units, each of hall,bed, Kitchenette, toilet and verandah with a separate adjacent restricted open courtyard and garden unit No. 006 admeasuring 616.8892 sq. mtrs. This studio unit has Easement rights over the common road Access from the main road of the plot, to till the entry of the unit and also Easement rights over the Natural Lighting and ventilation from the second platform level and other rights and showed in the plan as unit no. 23.

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The defendants have also executed Acknowledgment of Debt/Securities on 18.07.2022 and 12.08.2022 and thereby confirmed the balance outstanding in loan accounts.

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The applicant Bank contended that the defendants committed defaults in payment of installments and failed to regularize the accounts. Hence, on 08.09.2022, the applicant Bank has classified the account of the defendants as Non Performing Asset in accordance with guidelines of Reserve Bank of India. Therefore, on 14.12.2022, the applicant Bank issued legal Notice to the defendants. Despite service of Notice, the defendants failed and neglected to pay the outstanding dues of the applicant Bank.

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Hence, this application is filed.

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The defendants failed to appear despite service of summons. Hence, the application proceeded ex-parte against the defendants as per Order dated 25.06.2025 passed below Application (Exhibit-1).

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The applicant Bank has filed Claim Affidavit of evidence (Exhibit-6) of Mr. Vivek Kumar, Chief Manager and Authorized Officer of the applicant Bank, and has produced on record the original loan transaction documents at Sr. Nos. AW-1 to AW-66 along with list (Exhibit 7), which corroborates the case of the applicant Bank.

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I have heard arguments of the learned Advocate for the applicant Bank.

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Since the defendants failed to appear and contest the application, I find no reason to disbelieve evidence of the applicant Bank. Therefore, the applicant Bank is entitled for reliefs as claimed.

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The applicant Bank has claimed future interest @11.85% per annum. However, considering the facts of the case, I am of the opinion that if future interest is granted @9% per annum (simple), it would be just and reasonable rate of interest.

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Hence, I pass the following order.

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O R D E R

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A} Original Application No. 155/2024 is allowed with costs. B} Defendant Nos.1 to 3 either jointly or severally shall pay to the applicant Bank the sum of Rs.2,01,94,993/- (Rupees Two Crore One Lakh Ninety Four Thousand Nine Hundred Ninety Three only) along with future interest @9% per annum from the date of filing of the Original Application i.e. 07.02.2024 till full payment/realization of the amount mentioned in this operative order.

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C} The aforesaid adjudicated amount is secured by the hypothecation in favour of the applicant Bank in respect of interior, furniture such as AC units, beds, wardrobes, side tables, sofas, chairs, table, aluminum partition, fall ceilings, manage tables, reception table, steam units,

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speakers, yoga matt etc. and mortgage in favour of the applicant Bank in respect of all that piece and parcel of the NA Land Survey Nos. 19/2 (Part) area 00 H 40 R Shanti Resort and Spa a Sampoorna Sawasthya Center Unit No. 1 to 23, Village: Padalghar, Grampanchayat: Dasve, Taluka Mulshi, District Pune and is bounded as under :

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On or towards the East : S. No. 19/2 (part) gavthan,

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On or towards the West : Nalla

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On or towards the North : S. No. 19/2 (part) On or towards the South : Main Road

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And out of which the following mortgaged properties:

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Property No. 1 STUDIO UNIT No. 108

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It is a Residential/Professional studio health Unit, on

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the Ground Floor of building, marked as ―A wing‖ at the second platform level of the plot, admeasuring about 36.23 sq. mtrs. built up, consisting of hall/bed, kitchenette, toilet, and verandah. This unit has a separate entrance on the Ground Floor, with undivided share in the land and common amenities 2.0377% and showed in the plan as unit no. 8.

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Property No. 2 STUDIO UNIT No. 109

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It is a Residential/Professional studio health Unit, on

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the Ground Floor of building, marked as ―A wing‖ at

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the second platform level of the plot, admeasuring about 36.23 sq. mtrs. built up, consisting of hall/bed, kitchenette, toilet, and verandah. with undivided share in the land and common amenities 2.0377%. This unit has a separate entrance on the Ground Floor, and showed in the plan as unit no. 9.

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Property No. 3 STUDIO UNIT No. 110

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It is a Residential/Professional studio health Unit, on the Ground Floor of building, marked as ―A wing‖ at the second platform level of the plot, admeasuring about 36.23 sq. mtrs. built up, consisting of hall/bed, kitchenette, toilet, and verandah. with undivided share in the land and common amenities 2.0377%. This unit has a separate entrance on the Ground Floor, and showed in the plan as unit no. 10.

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Property No. 4 STUDIO UNIT No. 111

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It is a Residential/Professional studio health Unit, on the Ground Floor of building, marked as ―A wing‖ at the second platform level of the plot, admeasuring about 36.23 sq. mtrs. built up, consisting of hall/bed, kitchenette, toilet, and verandah. with undivided share in the land and common amenities 2.0377%. This unit has a separate entrance on the Ground Floor, and showed in the plan as unit no. 11.

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Property No. 5 STUDIO UNIT No. 117

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It is a Residential/Professional studio health Unit, on the First Floor of building, marked as ―A wing‖ at the second platform level of the plot, admeasuring about 36.23 sq. mtrs. built up, consisting of hall/bed, kitchenette, toilet, and verandah. with undivided share in the land and common amenities 2.0377%. This unit has a separate entrance on the First Floor, and showed in the plan as unit no. 17.

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Property No. 6 STUDIO UNIT No. 118

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It is a Residential/Professional studio health Unit, on the First Floor of building, marked as ―A wing‖ at the second platform level of the plot, admeasuring about 36.23 sq. mtrs. built up, consisting of hall/bed, kitchenette, toilet, and verandah. with undivided share in the land and common amenities 2.0377%. This unit has a separate entrance on the First Floor, and showed in the plan as unit no. 18.

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Property No. 7 STUDIO UNIT No. 119

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It is a Residential/Professional studio health Unit, on the First Floor of building, marked as ―A wing‖ at the second platform level of the plot, admeasuring about 36.23 sq. mtrs. built up, consisting of hall/bed, kitchenette, toilet, and verandah. with undivided

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share in the land and common amenities 2.0377%. This unit has a separate entrance on the First Floor, and showed in the plan as unit no. 19.

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Property No. 8 STUDIO UNIT No. 120

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It is a Residential/Professional studio health Unit, on the First Floor of building, marked as ―A wing‖ at the second platform level of the plot, admeasuring about 36.23 sq. mtrs. built up, consisting of hall/bed, kitchenette, toilet, and verandah. with undivided share in the land and common amenities 2.0377%. This unit has a separate entrance on the First Floor, and showed in the plan as unit no. 20.

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Property No. 9 STUDIO UNIT No. 112

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It is a Residential/Professional studio health Unit, on the First Floor of building, marked as ―B wing‖ at the second platform level of the plot, admeasuring about 36.23 sq. mtrs. built up, consisting of hall/bed, kitchenette, toilet, and verandah. This unit has a separate entrance on the First Floor, by Passage and showed in the plan as unit no. 12.

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Property No. 10 STUDIO UNIT No. 113

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It is a Residential/Professional studio health Unit, on the First Floor of building, marked as ―B wing‖ at the second platform level of the plot, admeasuring about

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36.23 sq. mtrs. built up, consisting of hall/bed, kitchenette, toilet, and verandah. This unit has a separate entrance on the First Floor, by Passage and showed in the plan as unit no. 13.

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Property No. 11 STUDIO UNIT No. 114

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It is a Residential/Professional studio health Unit, on the First Floor of building, marked as ―B wing‖ at the second platform level of the plot, admeasuring about 36.23 sq. mtrs. built up, consisting of hall/bed, kitchenette, toilet, and verandah. This unit has a separate entrance on the First Floor, by Passage and showed in the plan as unit no. 14.

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Property No. 12 STUDIO UNIT No. 115

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It is a Residential/Professional studio health Unit, on the First Floor of building, marked as ―B wing‖ at the second platform level of the plot, admeasuring about 36.23 sq. mtrs. built up, consisting of hall/bed, kitchenette, toilet, and verandah. This unit has a separate entrance on the First Floor, by Passage and showed in the plan as unit no. 15.

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Property No. 13 STUDIO UNIT No. 116

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It is a Residential/Professional studio health Unit, on the First Floor of building, marked as ―B wing‖ at the second platform level of the plot, admeasuring about

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36.23 sq. mtrs. built up, consisting of hall/bed, kitchenette, toilet, and verandah. This unit has a separate entrance on the First Floor, by Passage and showed in the plan as unit no. 16.

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Property No. 14 STUDIO UNIT No. 121

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It is a proposed Residential/Professional studio health Unit Shed, on the Second Floor Terrace of building, marked as ―A wing‖ at the second platform level of the plot, admeasuring about 183.15 sq. mtrs. built up, consisting of hall, toilet. This unit has a separate entrance on the Second Floor, and showed in the plan as unit no. 21.

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Property No. 15 STUDIO UNIT No. 122

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It is a Residential/Professional studio health Unit Shed, on the Second Floor Terrace of building, marked as ―B wing‖ at the second platform level of the plot, admeasuring about 144.92 sq. mtrs. built up, consisting of hall, toilets. This unit has a separate entrance on the Second Floor, and showed in the plan as unit no. 22.

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Property (Additional) No. 16 STUDIO UNIT No. 107

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It is a Kitchen/dining, canteen unit on the Ground Floor of building, marked as ―B wing‖ and at the

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second platform level of the plot, admeasuring about 60.6293 sq. mtrs. built up, consisting of dining, Kitchen, toilet, Lobby and including adjacent shed for canteen and dining having admeasuring area 91.322 sq. mtr. Separate adjacent restricted open courtyard unit no. 003 admeasuring 36.3391 sq. mtrs. and a separate restricted access area unit no. 004 from rear side of A wing admeasuring 74.94 sq. mtrs. and also and a separate restricted access area unit no. 005 from rear side of B wing admeasuring 141.9104 sq. mtrs. this unit has a separate entrance on the Ground Floor 6.

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Property No. 1 STUDIO UNIT No. 104

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Residential/Professional studio health Unit, on the Ground Floor of building, marked as ―B wing‖ at the second platform level of the plot, admeasuring about 42.27 sq. mtrs. built up, consisting of hall/bed, Kitchenette, toilet, verandah and inclusive of a adjacent restricted open courtyard. This unit has a separate entrance on the Ground Floor, and showed in the plan as unit no. 4.

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Property No. 2 STUDIO UNIT No. 105

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Residential/Professional studio health Unit, on the Ground Floor of building, marked as ―B wing‖ at the

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second platform level of the plot, admeasuring about 42.27 sq. mtrs. built up, consisting of hall/bed, Kitchenette, toilet, verandah and inclusive of a adjacent restricted open courtyard. This unit has a separate entrance on the Ground Floor, and showed in the plan as unit no. 4.

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Property No. 3 STUDIO UNIT No. 106

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Residential/Professional studio health Unit, on the Ground Floor of building, marked as ―B wing‖ at the second platform level of the plot, admeasuring about 42.27 sq. mtrs. built up, consisting of hall/bed, Kitchenette, toilet, verandah and inclusive of a adjacent restricted open courtyard. This unit has a separate entrance on the Ground Floor, and showed in the plan as unit no. 4.

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Property No. 4 STUDIO UNIT No. 123

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Residential/Professional studio health Unit Shed,

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on the Ground Floor of building, marked as ―C wing‖ at the Third platform level of the plot, admeasuring about 405 sq. mtrs. built up, consisting of 5 units, each of hall, bed, Kitchenette, toilet and verandah with a separate adjacent restricted open courtyard and garden unit No. 006 admeasuring 616.8892 sq. mtrs. This studio unit has Easement rights over the common road Access from the

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main road of the plot, to till the entry of the unit and also Easement rights over the Natural Lighting and ventilation from the second platform level and other rights and showed in the plan as unit no. 23, more particularly described in the Para No. 6 (h) and (i) of the Original Application.

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D} The applicant Bank is entitled to sell the hypothecated and mortgaged properties to recover its dues.

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E} Issue Recovery Certificate.

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F} The Registrar is directed to send the copy of Judgment and Recovery Certificate to the applicant and defendants.

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Sd/( Dilip G. Murumkar ) Place : Pune Presiding Officer Date : 29.09.2025 Debts Recovery Tribunal, Pune.

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Bank of India v. Shanti Natural Health Centre

Case brief

What is this about?

What did the court decide?

Bank of India v. Shanti Natural Health Centre

Case brief

What is this about?

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Federal Bank versus Chandrakant More

Bank of Maharashtra versus Pralhad

Yes Bank versus Pratik Hemant Bendre

Union Bank of India versus Mallikarjun Sanadani

Union Bank of India versus Surendra Haldavanekar

State Bank of India versus Swati