The Debts Recovery Tribunal allowed the bank's original application for recovery of dues. After finding the defendants failed to appear, the court awarded principal and 12% annual interest, directing the issuance of a recovery certificate.
Defendants directed to pay Rs.36,30,595.10 plus 12% p.a. interest from 01.10.2023 and costs. Recovery certificate to be issued.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
O.A. No. 857 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. 857 of 2023
IDFC First Bank Ltd.
Upper Grcund Floor No.62/20, Opposite New Prem Dhaba & Big Bazar New Rohtak Road, Karol Bagh New Delhi-110005
Applicant
Versus
Also at:
Mr. Prabhakar Singh House No.1316, Sector-3, Vasundhara, Ghaziabad, UP-201012
Vasundhara, Ghaziabad, UP-201012
Also at:
Ms Neetu Singh House No.1316, Sector-3, Vasundhara, Ghaziabad, UP-201012 Defendants
Present: Sh.Harshit Singh Sisodia, Counsel for applicant bank
Date of Reserve: 12.12.2025
Date of Pronouncement: 23.12.2025
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 set-
O.A. No. 857 of 2023
Recovery of Debts Due to Banks and Financial Institutions Act, 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.36,30,595.10 (Rupees Thirty Six Lacs Thirty Thousand Five Hundred Ninety Five & paisa Ten Only) as on 30.09.2023 together with pendentelite and future interest @ contractual rate of interest from 01.10.2023 with costs.
0,A. No. 857 of 2023
as NPA on 31.07.2018 as per RBI guidelines but no response from defendants to clear the overdue amount, hence the applicant bank has approached this tribunal for recovery of its dues.
O.A. No. 857 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.36,30,595.10 (Rupees Thirty Six Lacs Thirty Thousand Five Hundred Ninety Five & paisa Ten Only) as on 30.09.2023
O.A. No. 857 of 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 20.02.2026.
(IV) Copies of final order as well as Recovery Certificate be sent to all concerned free of cost.
sd- (GOVIND BALLABH SHARMA) PRESIDING OFFICER DRT-I, DELHI
(Dictated and pronounced in open court) Dated: 23.12.2025
2 issues framed by the court
Whether the applicant bank is entitled to recovery of dues and interest under the RDBFI Act and S.R.F.A.I. Act.
At what rate of interest the Tribunal should award future interest given the global and domestic fall in interest rates.
Colour shows how this judgement treated each authority
Central Bank of India Vs. Ravindra & OthersReferred¶35
Central Bank of India Vs. Ravindra & Others
2 provisions across 2 enactments
IDFC First Bank Ltd.
Mr. Prabhakar Singh
Ms Neetu Singh
Govind Ballabh Sharma
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
