Allowed

Union Bank of India v. Ms Asufah Leather Pvt. Ltd. and Ors.

DRT19 Nov 2025OA/437/2022

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal, Kolkata, adjudicated on an Original Application filed by Union Bank of India for recovery of a loan against Asufah Leather Pvt. Ltd. and associated individuals. In the absence of the respondents, the Court allowed the application, directed recovery of the principal amount along with interest, and issued a recovery certificate under Section 19(22) of the RDNB Act, 1993.

What did the court decide?

Recovery of principal sum of Rs. 77,63,277,351 plus interest at 2.55% p.a., recovery certificate issued under Section 19(22) of the RDNB Act, 1993.

Union Bank of India versus Ms Asufah Leather Pvt. Ltd. and Ors. — Company and Corporate | DRT (2025)

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l(oll(Ara BEroRE^{rnE DEBrsIif:It"lt} lsffxAt-tll

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PRESIDING^OFFICER.

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o'A' 49'^{ol 2022}

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DATE^{OFDELIVERYOF ORDER: LgI I,i2O23}

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Unlon B.nk^{ot tndl.,a body corporateconstltuted under the Provlslonsof the} ( Acqulsltlon and^{rransfer of Undertaklngs) Act' 1970 havlns lts} ililr;;;;; ,-""i o"m"" "i^{rsr,nldhanthawanMara' MumbaF4oo 021 andcarrylng on buslness} li-rit^{-iC-r-*L.tolla Branch,5, ihowrlnghee Place' Kolk'ta-7oo013'west} statlon-^{NewMarket' commonlv known as unlonBank of lndla'} il;;; r;r-;i; Dharamtolla^{Brdnch, west B€ngal}

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App cant.

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-VersuS-

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1, M/s.^{Asufah Leather h} '^{Ltd' a Prlvate Llmit€dCompanyunderthe Companles} Act. 1955, havlnE^{lts prlnop"'p''"" Ji-U"rnJi ot 4i' illmuddlnstreet' Pollce} stailon- Park Street,^{Kolkata'700016'}

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2.Mr.Raf,oAlamMohammad,sonofAbdulKablr,DlrectorofM/s.AsufahLeather il:"niruffi;'on^{urstness at +s, Axmuaorn Sireet'PollceStatlon'Park street'} KolkatE-700016.

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Md. Alnan Alam,^{son of MohammadRaflqueAlam' Dlr€ctorof l't/s'Asufah Leather} il:'i#,.la'riil;'irirnJJ "t^{l:, lrmiaornstreet'Pollce statron'Partstreet'} Kolkrta-700016.

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Mohammad^{Rallq Alam, Guarantor of M/s' Asufah} 4. Mrs. sayeeda^{Begum, wlfe of} Leather h^.^{Ltd., resldlng at} li, ei'r*aar"^{skeet, Pollce Statlon-Park Street'} Kolkata-700016.

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... Defendants.

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counsel for the^{AppllcantBank: '}

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Ms. Munmun^{DubeY, Advocate,}

Set ex-Parte^on

Luttl2o2s

JUDGEMEiTT

The Appllcant^{Bankflled the present o.A.belngNo' O'A'437 ol 2022 on 3OlO7l2O22 to'} recovery of^a totll^{sum ol ?s.77,63,2L7} '351'^{(RupeesSeventy-Seven Lakh Slxtv'Thre€} ThousandTwoHundredSeventeenandpalseThlrty.Flveonly)ftomtheDefendanB towards Credit Facllltl€s^{together wlth lnterest, costand otherusual relleG'}

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The Oefendants^{rre servedwlth summons' The defendantsdld not appear'as there wasno} representatlon^{from the defendants,the case was flxedfor ex-partehearlngor l2llfl202''} and heard ex-Parte^accordlngly.

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The Appllcant^Bank examlned 67 documents^{through Mr.PabanMondala,Prindpal off,cer'} Unlon Bank of^Indla marked as Exhlblt^{Annexure-Ato ExhlbltAnnexure-A-67'}

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Heard the Ld. Counsel ior the Appllcant^Bank.

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The polnt that arlses for conslderatlon^ls:

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Whether the Appllcant Bank ls entlded^{to the clalm made ln the OA ag.lnst the oefendants} and OA schedule^propertles as^{prayed tbr?}

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As stated supr., th€ Defendants^{remrlnedabsent and dld not tum up to controvert the} veElon of the O,A. of Appllcaot^{Bank. The EvldenceAmdavlt coupled wlththe recltals ln the} documents vlz,, Exhlblts Annexure-A^{to ExhlbltAnnexure'A'67 marked on behalfof the} Appllcant Bank, establlshed the cl.lm ot^{the AppllclntBank agElnst theDefendants andOA} schedule propertl€s. H€nce, I hold that^{the Oefendants are} Jolntly^{and severally llable to pay} to the Appllcant Bank the^{clalms madeln the OA wlth tutureInterest and costs.}

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In the result, the^present orlglnal APpllcatlon^{ls allowed ex-Parte vrlth costs,as under:'}

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ORDER

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(1) O.A. 437 of 2022 flled by the Appllcant Bank ls allowed^{and debtls determlned wlthcost} agalnst the defendants. It^{ls hereby orderedthatAppllcant Bank ls entltledto tecoverfrom} the defendants the total amount^{to the tune of P.s^77,63'277,351-(Rupees Seventy'Seven} Lakh Slxty-ThrEe Thousand Two^{Hundr€d Seventeenand palse Thlrty'Flveonly)v'lth} pendente llte.nd future lnterest f2.55 @ %^per annum^{lnterest wlth slmple on the amount} due from the dlte of fillng of the^{OrlglnalAppllcrtlonl.e 30'07'2022 tlll tull and flnal} reallzation of the clalm amount.

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(2) Amount, lf any,^pald by the defendants^{ln the loan accountsor amount,It any, recoveredby} the Appllcant Bank after f,llng^{of the O.A. the same be takenlnto accountwhlle ardvlngat} the exact amount of duevdebt^{payableby the defendants'AccordlnEly, pendentellte and} futurc lnterest shall be calculated^{on the reducedamount.}

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(3) D€fendants are deban€d ftom dlsposlng,^{allenatlngor deallngwlth lny of thepropertles} belonglng to them tlll the^{aforesald decretaldebt ls recovered ftom the defendants'}

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(4) Defendants are glven a Ume of thlrty days from the date^{of the JudgmenvFlnalorder for} repaylng of the obove mentloned^{dues, so lntlmated to them. tn case the defendantsfall to} pay the dues wlthln the above mentloned tlme,^{the aPpllcantbank ls entltledto recoverlts} dues by sale of seclJred assets,^{It any' Applicant bank ls also enuuedto proceed against} personal propertles of the defendants^{(Both movable rnd lmmovable)lnd alsoproceed} agalnst the defendants^{personallyto recover the duesln accoldance vrlth ltw'}

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(5) Let the Certlflcat€ of Recovery be dravrn up by^{Ld. Reglstrarforthwlthln terms of} 'udgment

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br lssuance of the same^{agalnst defendantsin favourof the appllcint bank under section} 19⁽²²⁾ ofthe Recovery of^{Debtsand Bankruptcy Act,1993 and put up the same for} lssuance of the Certlflcate.

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(5) ld. Recovery Oficer shall reallze^{the amountas per the Recovery Certificatefromthe} defendants ln accoldrnce wlth^l!w.

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(7)Ld. Reglstrar of thls Trlbunal ls dlrected^{to dellver recov€ry cerullcate ln termof the llnal} order4udgment ior r€cov€ry^{of the sum lgalnstthe d€fendrntsln favourof the ApPllcant} Bank under Secdon 19(22) ot^{the R€covery of oebts due to the Bank andFlnanclrl} Instltuuons A€t, 1993 norv known^{.s Recovetyot Debtsand BankruptcyAct, 1993.}

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(8)The panEs are dlrected to appear before the Recovery^{Omcer on 05/01/2025for turther} actlon ln rccordance lrylth^{law ln the eventthe enute amount ls not pald by the salddate'}

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Accordlngly, the Origlnal APpllc.Bon^{b€lng O'A.No.437of 2022 ls allowedand stands} dlsposed of.

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Copy of the JudgmenvFlnal^{Order be uplo.dedln the Trlbunalt webslte.} Flle ls conslgned to the Record^Room.

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(Dlctated to steno, t6nscribed by hlm, corrEctad,^signed lnd pronounced by me ln thc op€n Court on the 19th day of i'lovemb€., 2025)

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( KAMAL DE ) PRESIDING OFFICER.

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

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rct{o,O.l r	lZ^otZOZZ	ffiGr(P)Ltd.&ors'
OrderNo.08 Dt.19/11/2025	Orde.^pro Inthere lssueRecovery	^{nounced (vlde separate sheets)} sult, O.A'^{437of2022 lsallowedwlthcosts'} ^{Certlflcate accordlngly'}

Union Bank of India v. Ms Asufah Leather Pvt. Ltd. and Ors.

Case brief

What is this about?

What did the court decide?

Union Bank of India v. Ms Asufah Leather Pvt. Ltd. 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

Coram

Case details

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