The Debts Recovery Tribunal allowed the Bank of India's application for recovery of Rs. 13,45,737/- along with future interest at 9% per annum from three respondents, who failed to appear and were proceeded against ex-parte.
Recovery of Rs. 13,45,737/- along with future interest @ 9% per annum from the date of application filing till realization.
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Presented on .. 30.08.2018 Registered on .. 19.04.2023 Decided on .. 12.09.2025 Duration .. Y—M—D 07--00--12
IN THE DEBTS RECOVERY TRIBUNAL AT PUNE (Before Shri Dilip G. Murumkar, Presiding Officer) ORIGINAL APPLICATION No. 579/2023.
Bank of India,
A Bank 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 East, Mumbai – 400 051 and branch office - At Post Kurul, Taluka Mohol, District Solapur 413 213.
… Applicant
Versus
Sanap ( OA No. 579/2023 ) 1 of 5
Appearances :-
For Applicant Advocate Satyen Jagtap. For Defendants Ex parte.
Total Claim Amount – Rs.13,45,736=59
JUDGMENT (Delivered on 12th September, 2025)
Sanap ( OA No. 579/2023 ) 2 of 5
to give the contract of transportation of sugarcane to its members for crushing season 2015-16. As per request of said Sangh, defendant No. 2 resolved in its meeting for furnishing guarantee for the repayment of the loan advanced/to be advanced to the contractors.
Sanap ( OA No. 579/2023 ) 3 of 5
Sanap ( OA No. 579/2023 ) 4 of 5
applicant Bank. Therefore, the applicant Bank is entitled for reliefs as claimed.
Hence, I pass the following order.
O R D E R
Sd/( Dilip G. Murumkar ) Presiding Officer Place : Pune Debts Recovery Tribunal, Date : 12.09.2025 Pune.
Sanap ( OA No. 579/2023 ) 5 of 5
2 issues framed by the court
Whether the applicants are entitled to recover the claimed principal amount and future interest from the defendants.
What rate of future interest shall be awarded as it is just and reasonable.
Bank of India
Mr. Bhaskar Shankar Bangar
M/s. Bhima Sahakari Sakhar Sarkhana Ltd.
Mr. Kanifnath Bhaskar Bangar
Dilip G. Murumkar
As recorded by the court registry
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