Bank of India v. M/S Ur Mart
Case brief
What is this about?
The DRT allowed the bank applicant's application for recovery of dues amounting to approx Rs.96 lakhs from a proprietorship firm and its guarantors based on admitted execution of loan documents and classified accounts.
What did the court decide?
Defendants directed to pay dues; bank entitled to recover from secured and personal assets via sale or attachment; injunction placed on transfer of properties; recovery certificate issued.
What the court decided
- aIa
S,
IN TEn DEBTS RECOVERY TRIBUNAL AT LUCKNOW
Present: Pravas Kumar Singh, Presiding Officer
Case No. Original Application No.75 of 2023
Dated: 04.12.2025
Bank of India, having Branch at E-52-B, Sector-9, Noida, UP-201301.
. . . . . . .. Applicant Bank
- Versus
- M/s. UR Mart, through its proprietor Smt. Shweta Malhotra, W/o Mr. Manas Malhotra, T-10/1505, Sector-137, Paras Tiera Noida, Gautam Budh Nagar, UP-201301.
- Smt. Shweta Malhotra, Proprietor UR Mart, W/o Mr. Manas Malhotra, T-10/1505, Sector- 137, Paras Tiera Noida, Gautam Budh Nagar, UP-201301 .
- Smt. Seema Sehgal, Guarantor, D4A Polo Road, Near Shani Mandir Mukharjee Nagar Model Town North Delhi- 110009.
Issues for consideration
2 issues framed by the court
Whether the bank is legally entitled to recover the claimed amounts based on executed loan and security documents.
Whether the defendants are liable to pay the dues including future and pendent lite interest.
Parties & counsel
- applicant
Bank of India
- respondent
M/s. UR Mart, through Smt. Shweta Malhotra
- respondent
Smt. Shweta Malhotra
- respondent
Smt. Seema Sehgal
- respondent
Sh. Prikshat Sehgal
Case details
As recorded by the court registry
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