Allowed

Bank of Baroda v. Ms Kalpana Industries and Ors.

DRT13 Nov 2025OA/31/2023

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal Kolkata, in ex parte proceedings, allowed the Bank of Baroda's application for recovery of dues totaling Rs. 54,54,572.60 with interest and costs against the respondents, directing the preparation and issuance of a recovery certificate under the Rehabilitation of Debts and Bankruptcy Act.

What did the court decide?

Recovery of total amount of Rs. 54,54,572.60 with pendente lite and future interest at 18% per annum; issuance of recovery certificate; bar on disposal of assets.

Bank of Baroda versus Ms Kalpana Industries and Ors. — Insolvency and Bankruptcy | DRT (2025)

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BEFORE THE^{DEBTS RECOVERY TRIBUI{AL'M XOLKATA} PnISE T: 'SRI^{XA!'IAL DE'}

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PR'ESIDI G^OFFICER'

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O'A. 3t ot²⁰²³

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DAT! OF^{DELwERYOF oRDER! ,j,lLU2Ozt}

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B.nk of^{Barodt,a body corpo6te duly constltuted under th€ Provlslonsof the} L"'r.i"g'ciip""L^{( Acqulsltlon and rransfer of undertaklngs)Act' 1970 havlnglts} i""J <im* at^{BaroiaBhavan, R. c. Dutt Road,AlkaPurl Baroda-390007'and lts'} i""*n i" ""ft^{office at chakraberlaBranch, 45/2'chak6beriaRoad(south)'} pl-gia"nipul. fatata'700025 ln the State^{of west Bengalwlthlnthe Jurlsdlctlonof} thls Leamed Trlbunal.

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appttcant,

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-Versus-

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iil;; 1.i'l/s.Kalpanalndustrles(PAN.AMrc5173B),aPartne6hlpf,rm-.re,resented^-#- ;",t"ers^na'nretv ir)^{ralplna chgL'999ry-} ..^{(2)chrrashree} ahakrsbortv(Ghosh) a^{(s) n"lyoant""[oy office address at 24lA' vidhyasagar Road'} p.o. Hil"s;;., Di+dct'HooShlv, west BengaF712246;

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Mrs. Kalpan.^{Chak6borty(Partner/Gua6ntor)24lA' vldhyasagarRoad' P'O'} Hauig.am, dEtrlct'Hooghly,^{west Bengal-712246;}

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3.Mrs.chlrashreechakrdbortyGhosh(Partner/Guarantor)'addressatlS' ;d;fu;; ;;;;;.o.^{nauasrari, Drstrtct-iooehlv' west Bensal-712245'}

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Mrs. Ralyashree^{Roy(Partner/Guar.ntor)address at 2ZN'F D' Road' Serampore'} t'talllckpari, Uttarpara,^{Hooghly-712203;}

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Rahul Chakraborty^{(Guarantor),omce addressat 24lA'} Vldhyasagar Road,^P.O. H"Uugr., Dlsttict-^{l'iooqhly, West Bengal-712246'} ... DefendantsDefendants

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... DefendantsDefendants

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Couns€l for the^{APpllcant Banki -}

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lilr. Rahul Sarkar,^Advocate,

Set ex-Parte^on

o4lttl2025

IUDGEI'{ENT

The Appllcant^{Banktlled the pnesent O'A' b€lngNo' o'A' 31 of 2023 on 0201/2023for} rccovery of a^{total sum of Rs.54,5 4,572'60l' (RupeesFlfty'FourL'khsFlfty-FourThousand} FlveHundredands€venty.Twoandslxtypalseonly)ftomtheDefendantstowardscash Credlt Loan^{Frcllltles togethet wlth lnterest, cost and other usualrellefs'}

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z. The Defendants are^{servedwlth summons' The defendantsdld not appear' as therewas no} r€pres€ntatlon^{from the defendants,the cas€ was flxedfor ex'parte hearlngon O4llll2025'} and heard ex'Parte^accotdingly.

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Og documents^{through Mr. Prosen lt Garal, Chlef Manager &} The Appllcant^{Bank examlned} Natlonal Bank^{marked as ExhlbltAnnexure-Ato Exhlblt} constltuted AttomeY,^Punjcb Annexure-H,

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Hea.d the Ld.^{Counsel60r the ApPllcant Bank'}

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The^polnt that^{arises forconslderatlonls:}

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Whetier th€^{Appllc.ntBank ls entlded to the clrlm made ln the OA agalnst the Defendants} and OA schedule^{prop€rtles as} Prayed^for?

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As stated supra,^{theDefendants remalned absent and dld not turn up to contrgvertthe} veElon of the O.A.^{of APpllcantBank.The Evldenc€Afnd'vlt coupled wlth the recltals ln the} documents^{vlz., Exhlblts Annexure-A to ExhlbltAnnexure-Hmarted on behalfof the} Appllcant Bank,^{€strbllshed the clalm of the Appllcant Bankagalnst th€ Defendants andOA} schedule^{pmpertles.Hence,t hold that the Defendants areJolnuy and severally llable to pay} to the Appllcant^{Banktie clalms made ln the oA v{lth futurelnterest and costs'}

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In the result, the^{pr€sent OrlglnalApplic,tlonls allowed ex'parte wlthcosts'as under;-}

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ORDER

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l (1) O.A. 31 of 2023^{flled by the Appllcant Bank ls rllowed and debt ls determlnedvvlth cost} agalnst the^{defendants. It ls herebYorderedthatAppllcant Bank ls entltledto re@verfrom} the defendants^{the total amount to the tune of Rs'54'54'572'60/'(Rupees Flfty-FourL'khs} Rfty-Four^{ThousandRve Hundredand Sevenv-Two and Slxty palse only)wlth pendente} lite and tuture interest @^{09.8096 per annum lnterestwlth slmple on the amount due ftom} the date of^{flllng of the Orlglnal Appllcatlonl'e 02'01'2023tlll full and flnal reallzatlon of the} clalm amount.

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(2) Amount, lf rny,^{pald by the defendants ln the loan accountsor amount'lf any'recoveredby} the Appllcant^{Bank after llllng ot the O'A' the same be takenlnto acc'unt whlle arrlvlngat} the exact tmount^{of dues/debtpryable by the defendants' Accordlngly' pendente llte and} tuture lnterest shall^{be cllculated on the reducdamount'}

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(3) oefendants are debarred^{from dlsposlng, allenatlngor deallngwlth anv of thepropertles} belonging to^{them tlll the aforesald decretaldebt ls recoveredfrom the defendants'}

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(4) Defendants are^{glvena tlmeof thlrtydaysfrom the dateof the JudgmenvFlnalorder for} rcpaylng of^{the above mentloned dues, so lntlmated to them'tn casethe defendantsfall to} pay the dues wlthln the^{above mentlonedtlme' the appllcint bank ls entltledto recoverlts} dues by sale^{of secured assets, lf anyAppllcant bank ls also entltled to proctedagalnst} peGonal pmpertles of^{thedefendants(Bothmovableand lmmovabl€)and alsoproceed} agalnst the^{defendantsp€Egnally to recover the dues ln accordancewlth law'}

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(5) Let the Ccrtlfrcate^{of Recovery be drawn up by Ld' Reglstarforthwlthln terms of Judqment} for lssuance^{of thesameagalnst defendantsln favourot the appllcant brnk under sectlon} 19⁽²²⁾ ofthe^{Recoveryof D€btsand BankruptcyAct'1993and put up the same for} lssuance of^{the Certlllcate.}

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(5)Ld. RecoverY Ofncer^{shall reallzetheamountas per the Recovery c-ertlllcatefrom the} defendants ln accoadance^{wlth law'}

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(7) Ld. Reglstrar of^{thls Tribunal ls dlrected to dellver recovery certlllcate ln term of thef,nal} order/Judgment^{for r€covery of the sum agalnst the defendants ln favourof theAppllcant} Bank under Sectlon^{19(22) of the Recovery of oebtsdue to the Bankand Flnandal} tnstltutlons^{Act, 1993 nottknown as Recoveryof Debtsand BankruptcyAct' 1993'}

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(8)The partles are dlrected^{to appea' before the Recovery Omceron 18/12/2025 for turther} action ln accordance^{wlth law ln the eventthe entlre amount ls not pald by the sald date'}

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Accordlngly,^{the OrlglnalAppllcatlonbelngO'A' No'31 of 2023ls allowed and stands} dlspo6ed of.

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Copy of the^{,udgmenvFinalOrder be uploadedln the Trlbunal'sw€bslte'} Flle ls conslgned^{to the R€cotd Room'}

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tDl.lat d to C.no, t lnsctlbcd^{by hlm,correded, Cgnrdand} i--^{rn"coUv .ni tn Ut. opcn Coiltton thc 13thd'Y} of t{ovembcr,²⁰²⁵⁾

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(KA ALDE) PRESIDING OFFICER.

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Debts Recovery Tribunal-3, Kolkata Order Sheet (Continuation)

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C.3ct{o.O.A.3	1of2023 BlnkotBrrod.vs.l.l/r. K.lprn!fndustrle3 eOrJ.
D.tGolOrdcr	Ordcrwlth slgn.turG
OrderNo.08 Dt.13lr1t2025	Order pronounced (vlde separate sheets)
	Intheresult, O,A.31of2023lsallowed wlth IssueRecoveryCertlflcateaccordlngly.
sh
	(KamalOe ) PresldlngOmcer DRT-3,Kolkata

Bank of Baroda v. Ms Kalpana Industries and Ors.

Case brief

What is this about?

What did the court decide?

Bank of Baroda v. Ms Kalpana Industries and Ors.

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

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Case details

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