OA No: 404/2022 Date of Institution: 28.02.2022 Date of Decision: 23.12.2025 Indian Overseas Bank having its branches all over India and a branch at Tehsil Road, PUDA Complex, Jalandhar, Punjab. ……..Applicant Vs. 1. M/s Emaan Trading Co., Shop No.5, Gali No.9, Adda Bastian Road, Jalandhar, Punjab, through its proprietor Smt. Neha Rana wd/o Sh. Kanwardeep Singh. 2. Smt. Neha Rana wd/o Sh. Kanwardeep Singh, proprietor M/s Ehmaan Trading Co., r/o H.No.2, Vasant Vihar, Urban Estate, Phase-II, Jalandhar, Punjab. ……….Defendants Advocates Sh. I.S. Bhatia, Counsel for the applicant bank. Defendants - ex parte vide order dated 19.07.2024 . OA for the Recovery of Rs.31,17,084.97p with interest from 28.02.2022. ORDER 1. Indian Overseas Bank has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.31,17,084.97p with interest against M/s Emaan Trading Co. and another (defendants). 2. Bank’s case is that on 17.01.2019, it had granted a loan of Rs.11.00Lacs to defendant No.1 through its proprietor i.e. defendant No.2 in the form of C.C Limit under C.G.T.S.M.E. for Business purpose. On 02.06.2020, bank had granted a loan of Rs.2,41,592/- in the form of Working Capital Term Loan under E.C.L.G.S. to defendant No.1 through its proprietor i.e. defendant No.2 for business purpose. On 26.11.2020, the bank enhanced the C.C. Limit from Rs.11.00Lacs to Rs.25.00Lacs. To
