The Debts Recovery Tribunal allowed the applicant bank's original application for recovery of dues from defaulting loan recipients. After the secured property was auctioned with a shortfall, the Tribunal directed the respondents to pay the remaining balance plus interest.
Direct repayment of Rs. 22,05,838.10 with 12% per annum interest and costs.
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O.A. No. 856 of 2023
Debts Recovery Tribunal-I, Delhi 4th floor, Jeevan Tara Building, Parliament Street, New Delhi
Presiding Officer: Shri Govind Ballabh Sharma
O.A. No. 856 of 2023
IDFC First Bank Ltd. (e-Capital First Limited)
Upper Ground Floor No.62/20, Opposite New Prem Dhaba & Big Bazar New Rohtak Road, Karol Bagh New Delhi-110005
Applicant
Versus
Present: Sh.Harshit Singh Sisodia, Counsel for applicant bank
Date of Reserve: 04.12.2025
Date of Pronouncement: 18.12.2025
FINAL ORDER
This original application has been filed by the applicant on 25.10.2023 through Shri. Ashutosh Sharma, authorized representative of the applicant bank under Section 19 of Recovery of Debts Due to Banks and Financial Institutions Act,
O.A. No. 856 of 2023
1993 to be read with Sub-Section (10) of Section 13 of Securitization Act 2002 against the defendants for recovery of a sum of Rs.22,05,838.10 (Rupees Twenty Two Lacs Five Thousand Eight Hundred Thirty Eight and paisa Ten Only) as on 30.09.2023 together with pendentelite and future interest @ contractual rate of interest from 01.10.2023 along with costs.
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O.A. No. 856 of 2023
the outstanding dues, hence the applicant bank has approached this tribunal for recovery of its dues.
O.A. No. 856 of 2023
ORDER
I, allow this OA and direct the defendants to pay to the applicant bank, jointly or severally, within 30 days, a sum of Rs.22,05,838.10 (Rupees Twenty Two Lacs Five Thousand Eight Hundred Thirty Eight and paisa Ten Only) as on cd-
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O.A. No. 856 of 2023
30.09.2023 together with pendentelite and future interest @12% per annum from 01.10.2023 till the date of realization along with costs. In case of shortfall, the aforesaid amount shall be recovered from the sale of movable and immovable property of the defendants.
(II) The recovery certificate be issued forthwith and be sent to the Recovery Officer, Debt Recovery Tribunal-I, Delhi.
(III) Parties are directed to appear before Recovery Officer, DRT I, Delhi on 16.02.2026.
(IV) Copies of final order as well as Recovery Certificate be sent to all concerned free of cost.
Sc —
(GOVIND BALLABH SHARMA) PRESIDING OFFICER DRT-I, DELHI
(Dictated and pronounced in open court) Dated: 18.12.2025
2 issues framed by the court
Whether the debtor is liable to repay the outstanding dues of the secured loan amount.
What rate of interest should be awarded on the outstanding dues considering global and domestic interest trends.
2 provisions across 2 enactments
IDFC First Bank Ltd. (e-Capital First Limited)
Mr. Wajid Altaf
Mrs. Samareen Abdul Noiun Khan
Govind Ballabh Sharma
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
