Icici Bank Limited versus M/S. M P Enterprises and Associates Ltd.

¶1

Presented on:	26.03.2022
Registered on:	10.10.2022
Decided on:	03.09.2025
Duration:	Y M D
	03 05 07

¶2

IN THE DEBTS RECOVERY TRIBUNAL AT PUNE (Before Shri Dilip G. Murumkar, Presiding Officer)

¶3

ORIGINAL APPLICATION No.899/2022.

¶4

ICICI BANK LTD.

¶5

Company incorporated under Companies Act,1956 and Banking Company within the meaning of Banking Regulation Act, 1949, having its Registered Office at Landmark, Race Course Circle, Vadodara390 007 and Branch Office amongst others at Suma House, Bhandarkar Road, Pune-411 005.

¶6

… Applicant

¶7

Versus

¶8

1. M/s M. P. Enterprises & Associates Ltd.

¶9

Office No.1/2, Chiranjeev Apartment,

¶10

Karve Road, Erandawana, Kothrud,

¶11

Pune-411 038.

¶12

Also At –

¶13

47A/1, 2^nd Floor, Neelam Nagar,

¶14

Near Wamanrao High School,

¶15

Mulund East, Mumbai City,

¶16

Maharashtra-400081.

¶17

1 (O.A.NO.899/2022)

¶18

2. Mr. Abhishek Pathak

¶19

Age 30 years, Occ.:- Business,

¶20

Address- Building No.14, Flat No.6, Anand nagar, Paud Road,

¶21

Ex-Serviceman Colony, Kothrud, ... Defendants Pune-411 038.

¶22

APPEARANCES

¶23

For the Applicant Mrs. Adv. Pradnya Nakhate i/b Mr. Pradip Yadav - Advocate. For the Defendants Ex parte.

¶24

TOTAL CLAIM AMOUNT –Rs.26,61,39,253.52Ps.

¶25

JUDGMENT

¶26

(Delivered on 3^rd September, 2025)

¶27

1 The Applicant Bank has filed present application for recovery of Rs.26,61,39,253.52Ps. as due on 24.12.2021 together with pendilite and future interest thereon @11.55% p.a. from 25.12.2021 till filing of the application and thereafter till actual payment and realization of entire dues from the defendants.

¶28

2 Brief facts of the application are as under:-

¶29

Defendant No.1 is a Limited Company Firm and Defendant No.2 is Co-Borrower. Defendant No.1 by passing Resolution

¶30

2 (O.A.NO.899/2022)

¶31

borrowed money from the applicant bank as well as authorized Defendant No.2 to sign and accept the terms and conditions of the Loans. Defendants had applied for Commercial Vehicle Loans on various dates. The same was sanctioned by the applicant bank and disbursed as under:-

¶32

DETAILS OF LOAN

¶33

Sr. No.	LAN No.	Sanction date	Finance Amount	Rate of Interest	Tenure	EMI Amount
1	LVPUN00037151804	19-Mar-18	608,520.00	9.75%	65	7,000.00
2	LVPUN00034719966	31-Aug-16	1,178,000.00	10.76%	63	4,995.00
3	LVPUN00034720015	31-Aug-16	1,178,000.00	10.76%	63	4,995.00
4	LVPUN00034720056	31-Aug-16	1,178,000.00	10.76%	63	4,995.00
5	LVPUN00034720296	31-Aug-16	1,887,000.00	10.76%	67	8,000.00
6	LVPUN00034720241	31-Aug-16	1,887,000.00	10.76%	60	8,000.00
7	LVPUN00034720330	31-Aug-16	1,887,000.00	10.76%	63	8,000.00
8	LVPUN00034720425	31-Aug-16	1,887,000.00	10.76%	60	8,000.00
9	LVPUN00034662528	12-Aug-16	2,134,566.00	10.76%	67	8,905.00
10	LVPUN00034655793	10-Aug-16	2,100,000.00	10.76%	63	8,905.00
11	LVPUN00034655814	10-Aug-16	2,100,000.00	10.76%	63	8,905.00
12	LVPUN00034655821	10-Aug-16	2,100,000.00	10.76%	63	8,905.00
13	LVPUN00034655824	10-Aug-16	2,100,000.00	10.76%	63	8,905.00
14	LVPUN00037261969	20-Apr-18	608,520.00	9.75%	50	9,655.00
15	LVPUN00037096106	27-Feb-18	606,817.00	9.77%	65	6,835.00
16	LVPUN00037096069	27-Feb-18	606,817.00	9.77%	65	6,835.00
17	LVPUN00037096194	27-Feb-18	606,817.00	9.77%	65	6,835.00
18	LVPUN00037151784	19-Mar-18	608,520.00	9.75%	50	7,000.00
19	LVPUN00037151877	19-Mar-18	608,520.00	9.75%	50	7,000.00
20	LVPUN00037261952	20-Apr-18	608,520.00	9.75%	50	9,655.00
21	LVPUN00037080048	23-Feb-18	615,900.00	9.75%	60	10,000.00
22	LVPUN00037080076	23-Feb-18	615,900.00	9.75%	60	10,000.00
23	LVPUN00037080100	23-Feb-18	615,900.00	9.75%	65	10,000.00
24	LVPUN00037080106	23-Feb-18	615,900.00	9.75%	65	10,000.00
25	LVPUN00037080131	23-Feb-18	615,900.00	9.75%	65	10,000.00
26	LVPUN00037080149	23-Feb-18	615,900.00	9.75%	60	10,000.00
27	LVPUN00037080161	23-Feb-18	615,900.00	9.75%	65	10,000.00
28	LVPUN00037080182	23-Feb-18	615,900.00	9.75%	60	10,000.00
29	LVPUN00037080190	23-Feb-18	615,900.00	9.75%	65	10,000.00
30	LVPUN00037080206	23-Feb-18	615,900.00	9.75%	60	10,000.00
31	LVPUN00037080223	23-Feb-18	615,900.00	9.75%	60	10,000.00
32	LVPUN00037080231	23-Feb-18	615,900.00	9.75%	60	10,000.00
33	UVPUN00038372216	29-Dec-18	630,000.00	11.25%	42	21,211.00
34	UVPUN00038372242	29-Dec-18	630,000.00	11.25%	42	21,211.00
35	UVPUN00038372451	29-Dec-18	630,000.00	11.25%	42	21,211.00
36	UVPUN00038372942	29-Dec-18	630,000.00	11.25%	42	21,211.00
37	UVPUN00038373127	29-Dec-18	630,000.00	11.25%	42	21,211.00
38	UVPUN00038372301	29-Dec-18	769,000.00	11.25%	42	25,891.00

¶34

3 (O.A.NO.899/2022)

¶35

39	UVPUN00038373442	29-Dec-18	842,000.00	11.25%	42	28,349.00
40	UVPUN00038372097	29-Dec-18	769,000.00	11.25%	42	25,891.00
41	UVPUN00038372230	29-Dec-18	769,000.00	11.25%	42	25,891.00
42	UVPUN00038372260	29-Dec-18	769,000.00	11.25%	42	25,891.00
43	UVPUN00038372323	29-Dec-18	769,000.00	11.25%	42	25,891.00
44	UVPUN00038372427	29-Dec-18	769,000.00	11.25%	42	25,891.00
45	UVPUN00038372472	29-Dec-18	769,000.00	11.25%	42	25,891.00
46	UVPUN00038372962	29-Dec-18	769,000.00	11.25%	42	25,891.00
47	UVPUN00038373024	29-Dec-18	769,000.00	11.25%	42	25,891.00
48	UVPUN00038373035	29-Dec-18	769,000.00	11.25%	42	25,891.00
49	UVPUN00038373048	29-Dec-18	769,000.00	11.25%	42	25,891.00
50	UVPUN00038372535	29-Dec-18	830,000.00	11.25%	42	27,945.00
51	UVPUN00038373137	29-Dec-18	830,000.00	11.25%	42	27,945.00
52	UVPUN00038373400	29-Dec-18	842,000.00	11.25%	42	28,349.00
53	UVPUN00038373415	29-Dec-18	842,000.00	11.25%	42	28,349.00
54	UVPUN00038373424	29-Dec-18	842,000.00	11.25%	42	28,349.00
55	UVPUN00038373489	29-Dec-18	842,000.00	11.25%	42	28,349.00
56	UVPUN00038373220	29-Dec-18	1,135,000.00	11.25%	42	38,214.00
57	UVPUN00038373240	29-Dec-18	1,135,000.00	11.25%	42	38,214.00
58	UVPUN00038373254	29-Dec-18	1,135,000.00	11.25%	42	38,214.00
59	UVPUN00038373290	29-Dec-18	1,135,000.00	11.25%	42	38,214.00
60	UVPUN00038373303	29-Dec-18	1,135,000.00	11.25%	42	38,214.00
61	LVPUN00037036753	12-Feb-18	1,271,635.00	9.51%	66	20,700.00
62	LVPUN00037036772	12-Feb-18	1,271,635.00	9.51%	66	20,700.00
63	LVPUN00037036781	12-Feb-18	1,271,635.00	9.51%	66	20,700.00
64	LVPUN00035399518	3-Mar-17	2,113,000.00	10.49%	63	31,352.00
65	LVPUN00036917197	9-Jan-18	1,180,000.00	9.75%	70	19,165.00
66	LVPUN00036917474	9-Jan-18	1,180,000.00	9.75%	70	19,165.00
67	LVPUN00036917484	9-Jan-18	1,180,000.00	9.75%	70	19,165.00
68	LVPUN00036917498	9-Jan-18	1,180,000.00	9.75%	70	19,165.00
69	LVPUN00036917243	9-Jan-18	1,180,000.00	9.76%	70	19,165.00
70	LVPUN00036917255	9-Jan-18	1,180,000.00	9.76%	70	19,165.00
71	LVPUN00036917270	9-Jan-18	1,180,000.00	9.76%	70	19,165.00
72	LVPUN00036917451	9-Jan-18	1,180,000.00	9.76%	70	19,165.00
73	LVPUN00036917461	9-Jan-18	1,180,000.00	9.76%	70	19,165.00
74	LVPUN00036917507	9-Jan-18	1,180,000.00	9.76%	70	19,165.00
75	LVPUN00036917528	9-Jan-18	1,180,000.00	9.76%	70	19,165.00
76	LVPUN00036917609	9-Jan-18	1,180,000.00	9.76%	70	19,165.00
77	LVPUN00035399530	3-Mar-17	2,248,000.00	10.49%	63	33,355.00
78	LVPUN00035399539	3-Mar-17	2,248,000.00	10.49%	63	33,355.00
79	LVPUN00035399542	3-Mar-17	2,248,000.00	10.49%	60	33,355.00
80	LVPUN00035399550	3-Mar-17	2,248,000.00	10.49%	60	33,355.00
81	LVPUN00035399558	3-Mar-17	2,248,000.00	10.49%	63	33,355.00
82	LVPUN00036917432	9-Jan-18	1,252,000.00	9.75%	70	20,334.00
83	LVPUN00037080241	23-Feb-18	1,442,375.00	9.51%	60	23,500.00
84	LVPUN00037080252	23-Feb-18	1,442,375.00	9.51%	60	23,500.00
85	LVPUN00037080265	23-Feb-18	1,442,375.00	9.51%	65	23,500.00
86	LVPUN00035514737	31-Mar-17	2,113,000.00	10.49%	69	31,352.00
87	LVPUN00035514850	31-Mar-17	2,113,000.00	10.49%	60	31,352.00
88	LVPUN00037177843	27-Mar-18	1,448,904.00	9.51%	65	23,500.00
89	LVPUN00037177855	27-Mar-18	1,448,904.00	9.51%	60	23,500.00
90	LVPUN00037177889	27-Mar-18	1,448,904.00	9.51%	65	23,500.00

¶36

4 (O.A.NO.899/2022)

¶37

91	LVPUN00037177901	27-Mar-18	1,448,904.00	9.51%	65	23,500.00
92	LVPUN00037177920	27-Mar-18	1,448,904.00	9.51%	65	23,500.00
93	LVPUN00037177960	27-Mar-18	1,448,904.00	9.51%	65	23,500.00
94	LVPUN00037178001	27-Mar-18	1,448,904.00	9.51%	60	23,500.00
95	LVPUN00037178027	27-Mar-18	1,448,904.00	9.51%	65	23,500.00
96	LVPUN00037178047	27-Mar-18	1,448,904.00	9.51%	60	23,500.00
97	UVPUN00038373595	29-Dec-18	1,563,000.00	11.25%	42	52,624.00
98	LVPUN00037095919	27-Feb-18	2,427,254.00	9.75%	50	36,044.00
99	LVPUN00037096283	27-Feb-18	2,427,254.00	9.75%	50	36,044.00
100	LVPUN00037096222	27-Feb-18	2,427,254.00	9.75%	50	36,044.00
101	LVPUN00037095876	27-Feb-18	2,427,254.00	9.75%	50	36,567.00
102	LVPUN00037096273	27-Feb-18	2,427,254.00	9.75%	50	36,567.00
103	LVPUN00038649809	8-Mar-19	1,188,800.00	10.01%	106	29,600.00
104	LVPUN00038649813	8-Mar-19	1,100,000.00	10.01%	77	29,600.00
105	LVPUN00038649817	8-Mar-19	1,188,800.00	10.01%	62	29,600.00
106	LVPUN00038649824	8-Mar-19	1,100,000.00	10.01%	77	29,600.00
107	LVPUN00038649829	8-Mar-19	1,100,000.00	10.01%	77	29,600.00
108	LVPUN00038649831	8-Mar-19	1,100,000.00	10.01%	77	29,600.00
109	LVPUN00038649841	8-Mar-19	1,100,000.00	10.01%	77	29,600.00
110	LVPUN00038649842	8-Mar-19	1,100,000.00	10.01%	77	29,600.00
111	LVPUN00038649846	8-Mar-19	1,100,000.00	10.01%	77	29,600.00
112	LVPUN00038649849	8-Mar-19	1,100,000.00	10.01%	77	29,600.00
113	LVPUN00038649859	8-Mar-19	1,100,000.00	10.01%	77	29,600.00
114	LVPUN00038649861	8-Mar-19	1,100,000.00	10.01%	77	29,600.00
115	LVPUN00038649864	8-Mar-19	1,100,000.00	10.01%	77	29,600.00
116	LVPUN00038649867	8-Mar-19	1,100,000.00	10.01%	77	29,600.00
117	LVPUN00038649870	8-Mar-19	1,100,000.00	10.01%	77	29,600.00
118	LVPUN00038649876	8-Mar-19	1,100,000.00	10.01%	77	29,600.00
119	LVPUN00038649879	8-Mar-19	1,100,000.00	10.01%	77	29,600.00
120	LVPUN00038649884	8-Mar-19	1,100,000.00	10.01%	77	29,600.00
121	LVPUN00038649887	8-Mar-19	1,100,000.00	10.01%	77	29,600.00
122	LVPUN00038649891	8-Mar-19	1,100,000.00	10.01%	77	29,600.00
123	LVPUN00037151572	19-Mar-18	2,434,081.00	9.76%	50	27,181.00
124	LVPUN00037151601	19-Mar-18	2,434,081.00	9.76%	50	27,181.00
125	LVPUN00037151676	19-Mar-18	2,434,081.00	9.76%	50	27,181.00
126	LVPUN00037261845	20-Apr-18	2,434,081.00	9.75%	50	38,270.00
127	LVPUN00037261865	20-Apr-18	2,434,081.00	9.75%	50	38,270.00
128	LVPUN00035704886	25-May-17	2,795,000.00	10.49%	70	41,470.00
129	LVPUN00035704895	25-May-17	2,795,000.00	10.50%	69	41,470.00
130	LVPUN00037393190	29-May-18	1,821,507.00	9.76%	65	29,690.00
131	LVPUN00037393203	29-May-18	1,821,507.00	9.76%	65	29,690.00
132	LVPUN00037393217	29-May-18	1,821,507.00	9.76%	65	29,690.00
133	LVPUN00036917549	9-Jan-18	2,038,000.00	9.76%	70	33,100.00
134	LVPUN00036917560	9-Jan-18	2,038,000.00	9.76%	70	33,100.00
135	LVPUN00037393158	29-May-18	2,307,205.00	9.76%	65	37,600.00
136	LVPUN00038445964	10-Jan-19	2,100,000.00	10.03%	105	54,000.00
137	LVPUN00038445865	10-Jan-19	2100000.00	10.03%	78	54000.00
138	LVPUN00038445878	10-Jan-19	,, 2,100,000.00	10.03%	120	, 54,000.00
139	LVPUN00038445880	10-Jan-19	2,100,000.00	10.03%	120	54,000.00
140	LVPUN00038445886	10-Jan-19	2,100,000.00	10.03%	120	54,000.00
141	LVPUN00038445889	10-Jan-19	2,100,000.00	10.03%	120	54,000.00
142	LVPUN00038445895	10-Jan-19	2,100,000.00	10.03%	120	54,000.00

¶38

5 (O.A.NO.899/2022)

¶39

143 144	LVPUN00038445919 LVPUN00038445921	10-Jan-19 10-Jan-19	2,100,000.00 2,100,000.00	10.03% 10.03%	120 120	54,000.00 54,000.00
145	LVPUN00038445927	10-Jan-19	2,100,000.00	10.03%	120	54,000.00
146	LVPUN00038445937	10-Jan-19	2,100,000.00	10.03%	120	54,000.00
147	LVPUN00038445941	10-Jan-19	2,100,000.00	10.03%	120	54,000.00
148	LVPUN00038445944	10-Jan-19	2,100,000.00	10.03%	120	54,000.00
149	LVPUN00038445945	10-Jan-19	2,100,000.00	10.03%	120	54,000.00
150	LVPUN00038445952	10-Jan-19	2,100,000.00	10.03%	120	54,000.00
151	LVPUN00038445969	10-Jan-19	2,100,000.00	10.03%	120	54,000.00
152	LVPUN00038445975	10-Jan-19	2,100,000.00	10.03%	120	54,000.00
153	LVPUN00038445977	10-Jan-19	2,100,000.00	10.03%	120	54,000.00
154	LVPUN00038445984	10-Jan-19	2,100,000.00	10.03%	120	54,000.00
155	LVPUN00038445988	10-Jan-19	2,100,000.00	10.03%	120	54,000.00
156	LVPUN00041160852	2-Dec-19	2,734,152.00	9.97%	69	58,742.00
157	LVPUN00041162129	2-Dec-19	2,734,152.00	9.97%	69	58,742.00
158	LVPUN00041159424	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
159	LVPUN00041159473	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
160	LVPUN00041159620	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
161	LVPUN00041160090	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
162	LVPUN00041160307	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
163	LVPUN00041160420	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
164	LVPUN00041160517	30-Nov-19	2,734,152.00	9.95%	68	58,742.00
165	LVPUN00041160609	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
166	LVPUN00041160986	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
167	LVPUN00041161033	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
168	LVPUN00041161077	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
169	LVPUN00041161110	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
170	LVPUN00041161198	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
171	LVPUN00041161267	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
172	LVPUN00041161353	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
173	LVPUN00041161368	30-Nov-19	2,734,152.00	9.95%	68	58,742.00
174	LVPUN00041161485	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
175	LVPUN00041161491	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
176	LVPUN00041161635	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
177	LVPUN00041161682	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
178	LVPUN00041161771	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
179	LVPUN00041161833	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
180	LVPUN00041161918	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
181	LVPUN00041161952	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
182	LVPUN00041161991	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
183	LVPUN00041162006	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
184	LVPUN00041162075	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
185	LVPUN00041162285	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
186	LVPUN00041162390	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
187	LVPUN00041162467	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
188	LVPUN00041162518	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
189	LVPUN00041162567	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
190	LVPUN00041162696	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
191	LVPUN00041162813	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
192	LVPUN00041162895	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
193	LVPUN00041162921	30-Nov-19	2,734,152.00	9.95%	68	58,742.00
194	LVPUN00041163049	30-Nov-19	2,734,152.00	9.95%	68	58,742.00

¶40

6 (O.A.NO.899/2022)

¶41

195	LVPUN00041163164	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
196	LVPUN00041163169	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
197	LVPUN00041163263	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
198	LVPUN00041163285	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
199	LVPUN00041163397	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
200	LVPUN00041163498	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
201	LVPUN00041163519	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
202	LVPUN00041163599	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
203	LVPUN00041165304	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
204	LVPUN00041165636	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
205	LVPUN00041166185	30-Nov-19	2,734,152.00	9.95%	69	58,742.00
206	LVPUN00034720269	31-Aug-16	1,887,000.00	10.76%	51	57,875.00
207	UVPUN00042791111	30-Dec-20	54,904,066.00	9.25%	60	521,971.00

¶42

To secure the repayment of the said loans, the defendants have hypothecated various vehicles which are mentioned in the Schedule of Hypothecated vehicles (In Operative Order).

¶43

The Defendants by executing and signing Credit Facility on 23.09.2017 and 31.10.2017 acknowledged and admitted applicant’s standard terms and conditions for facilities for purchase of/Against Products registered on 19.10.2010 with Sub Registrar-VII, New Delhi vide Registration No.829 in Additional Book No.4 Vol.No.433 on Page 12 to 21.

¶44

The applicant bank states that the defendants are liable to pay the aggregate sum of Rs.26,61,39,253.52Ps. to the applicant bank as due on 24.12.2021 together with future interest @11.25%p.a. with monthly rests respectively from 07.09.2021 till the repayment.

¶45

The particulars of the claim amount are as under-

¶46

7 (O.A.NO.899/2022)

¶47

Sr.No.	LAN No.	Sanction Date	Amount as on 24.12.21
1	LVPUN00034655793	19-Mar-18	1,54,744.00
2	LVPUN00034655814	31-Aug-16	51,245.50
3	LVPUN00034655821	31-Aug-16	53,173.50
4	LVPUN00034655824	31-Aug-16	53,593.50
5	LVPUN00034662528	31-Aug-16	67,345.40
6	LVPUN00034719966	31-Aug-16	79,300.40
7	LVPUN00034720015	31-Aug-16	79,300.40
8	LVPUN00034720056	31-Aug-16	79,300.40
9	LVPUN00034720241	12-Aug-16	66,143.90
10	LVPUN00034720269	10-Aug-16	81,651.20
11	LVPUN00034720296	10-Aug-16	81,491.20
12	LVPUN00034720330	10-Aug-16	81,491.20
13	LVPUN00034720425	10-Aug-16	81,651.20
14	LVPUN00035399518	20-Apr-18	1,70,509.00
15	LVPUN00035399530	27-Feb-18	1,70,564.00
16	LVPUN00035399539	27-Feb-18	1,75,327.00
17	LVPUN00035399542	27-Feb-18	1,68,169.42
18	LVPUN00035399550	19-Mar-18	1,71,058.00
19	LVPUN00035399558	19-Mar-18	1,80,539.00
20	LVPUN00035514737	20-Apr-18	1,91,271.00
21	LVPUN00035514850	23-Feb-18	2,56,162.00
22	LVPUN00035704886	23-Feb-18	2,55,500.00
23	LVPUN00035704895	23-Feb-18	2,56,162.00
24	LVPUN00036917197	23-Feb-18	2,55,500.00
25	LVPUN00036917243	23-Feb-18	2,55,500.00
26	LVPUN00036917255	23-Feb-18	2,56,162.00
27	LVPUN00036917270	23-Feb-18	2,56,430.00
28	LVPUN00036917432	23-Feb-18	2,55,500.00
29	LVPUN00036917451	23-Feb-18	2,56,162.00
30	LVPUN00036917461	23-Feb-18	2,56,162.00
31	LVPUN00036917474	23-Feb-18	2,55,500.00
32	LVPUN00036917484	23-Feb-18	2,55,961.00
33	LVPUN00036917498	29-Dec-18	2,34,067.00
34	LVPUN00036917507	29-Dec-18	2,34,760.00
35	LVPUN00036917528	29-Dec-18	2,34,760.00
36	LVPUN00036917549	29-Dec-18	2,34,760.00
37	LVPUN00036917560	29-Dec-18	2,34,760.00
38	LVPUN00036917609	29-Dec-18	2,65,934.00
39	LVPUN00037036753	29-Dec-18	2,90,960.00
40	LVPUN00037036772	29-Dec-18	2,84,473.00
41	LVPUN00037036781	29-Dec-18	2,84,473.00
42	LVPUN00037080048	29-Dec-18	2,84,473.00
43	LVPUN00037080076	29-Dec-18	2,84,473.00
44	LVPUN00037080100	29-Dec-18	2,84,473.00
45	LVPUN00037080106	29-Dec-18	2,84,473.00
46	LVPUN00037080131	29-Dec-18	2,84,473.00
47	LVPUN00037080149	29-Dec-18	2,87,278.00
48	LVPUN00037080161	29-Dec-18	2,84,473.00
49	LVPUN00037080182	29-Dec-18	2,84,473.00
50	LVPUN00037080190	29-Dec-18	3,08,083.00

¶48

8 (O.A.NO.899/2022)

¶49

51	LVPUN00037080206	29-Dec-18	3,06,294.00
52	LVPUN00037080223	29-Dec-18	3,10,588.00
53	LVPUN00037080231	29-Dec-18	3,12,404.00
54	LVPUN00037080241	29-Dec-18	3,10,588.00
55	LVPUN00037080252	29-Dec-18	3,10,588.00
56	LVPUN00037080265	29-Dec-18	4,15,381.00
57	LVPUN00037095876	29-Dec-18	4,15,381.00
58	LVPUN00037095919	29-Dec-18	4,15,381.00
59	LVPUN00037096069	29-Dec-18	4,15,381.00
60	LVPUN00037096106	29-Dec-18	4,15,381.00
61	LVPUN00037096194	12-Feb-18	4,57,157.00
62	LVPUN00037096222	12-Feb-18	4,57,062.00
63	LVPUN00037096273	12-Feb-18	4,57,575.00
64	LVPUN00037096283	03-Mar-17	4,86,388.50
65	LVPUN00037151572	09-Jan-18	4,99,299.00
66	LVPUN00037151601	09-Jan-18	4,99,299.00
67	LVPUN00037151676	09-Jan-18	4,99,299.00
68	LVPUN00037151784	09-Jan-18	4,99,299.00
69	LVPUN00037151804	09-Jan-18	4,98,926.00
70	LVPUN00037151877	09-Jan-18	4,98,926.00
71	LVPUN00037177843	09-Jan-18	4,98,926.00
72	LVPUN00037177855	09-Jan-18	4,98,926.00
73	LVPUN00037177889	09-Jan-18	4,98,926.00
74	LVPUN00037177901	09-Jan-18	4,98,926.00
75	LVPUN00037177920	09-Jan-18	4,98,926.00
76	LVPUN00037177960	09-Jan-18	4,98,926.00
77	LVPUN00037178001	03-Mar-17	5,18,657.30
78	LVPUN00037178027	03-Mar-17	5,18,657.30
79	LVPUN00037178047	03-Mar-17	5,19,288.30
80	LVPUN00037261845	03-Mar-17	5,19,288.30
81	LVPUN00037261865	03-Mar-17	5,19,288.30
82	LVPUN00037261952	09-Jan-18	5,29,194.00
83	LVPUN00037261969	23-Feb-18	5,79,745.00
84	LVPUN00037393158	23-Feb-18	5,79,792.00
85	LVPUN00037393190	23-Feb-18	5,79,792.00
86	LVPUN00037393203	31-Mar-17	5,57,830.90
87	LVPUN00037393217	31-Mar-17	5,56,880.90
88	LVPUN00038445865	27-Mar-18	6,08,380.00
89	LVPUN00038445878	27-Mar-18	6,07,213.00
90	LVPUN00038445880	27-Mar-18	6,08,380.00
91	LVPUN00038445886	27-Mar-18	6,08,333.00
92	LVPUN00038445889	27-Mar-18	6,08,333.00
93	LVPUN00038445895	27-Mar-18	6,08,333.00
94	LVPUN00038445919	27-Mar-18	6,08,380.00
95	LVPUN00038445921	27-Mar-18	6,08,380.00
96	LVPUN00038445927	27-Mar-18	6,08,380.00
97	LVPUN00038445937	29-Dec-18	5,68,373.00

¶50

9 (O.A.NO.899/2022)

¶51

98	LVPUN00038445941	27-Feb-18	6,29,800.00
99	LVPUN00038445944	27-Feb-18	6,29,800.00
100	LVPUN00038445945	27-Feb-18	6,29,042.00
101	LVPUN00038445952	27-Feb-18	6,26,101.00
102	LVPUN00038445964	27-Feb-18	5,87,608.00
103	LVPUN00038445969	08-Mar-19	6,53,706.10
104	LVPUN00038445975	08-Mar-19	6,50,918.30
105	LVPUN00038445977	08-Mar-19	6,53,714.10
106	LVPUN00038445984	08-Mar-19	6,53,738.30
107	LVPUN00038445988	08-Mar-19	6,53,613.10
108	LVPUN00038649809	08-Mar-19	6,53,205.30
109	LVPUN00038649813	08-Mar-19	6,54,146.10
110	LVPUN00038649817	08-Mar-19	6,53,205.30
111	LVPUN00038649824	08-Mar-19	6,53,738.30
112	LVPUN00038649829	08-Mar-19	6,53,738.30
113	LVPUN00038649831	08-Mar-19	6,53,738.30
114	LVPUN00038649841	08-Mar-19	6,53,712.10
115	LVPUN00038649842	08-Mar-19	6,53,205.30
116	LVPUN00038649846	08-Mar-19	6,52,889.30
117	LVPUN00038649849	08-Mar-19	6,53,159.10
118	LVPUN00038649859	08-Mar-19	6,52,764.10
119	LVPUN00038649861	08-Mar-19	6,76,604.80
120	LVPUN00038649864	08-Mar-19	6,52,455.30
121	LVPUN00038649867	08-Mar-19	6,52,764.10
122	LVPUN00038649870	08-Mar-19	6,52,764.10
123	LVPUN00038649876	19-Mar-18	6,85,676.00
124	LVPUN00038649879	19-Mar-18	6,69,442.00
125	LVPUN00038649884	19-Mar-18	6,69,594.00
126	LVPUN00038649887	20-Apr-18	7,39,476.00
127	LVPUN00038649891	20-Apr-18	7,39,476.00
128	LVPUN00041159424	25-May-17	8,12,438.10
129	LVPUN00041159473	25-May-17	8,13,212.60
130	LVPUN00041159620	29-May-18	8,25,819.00
131	LVPUN00041160090	29-May-18	8,25,819.00
132	LVPUN00041160307	29-May-18	8,25,819.00
133	LVPUN00041160420	09-Jan-18	8,55,133.00
134	LVPUN00041160517	09-Jan-18	8,55,629.00
135	LVPUN00041160609	29-May-18	10,43,503.00
136	LVPUN00041160852	10-Jan-19	11,99,369.00
137	LVPUN00041160986	10-Jan-19	12,57,306.00
138	LVPUN00041161033	10-Jan-19	12,61,773.00
139	LVPUN00041161077	10-Jan-19	12,61,881.00
140	LVPUN00041161110	10-Jan-19	12,58,726.00
141	LVPUN00041161198	10-Jan-19	12,61,881.00
142	LVPUN00041161267	10-Jan-19	12,61,881.00
143	LVPUN00041161353	10-Jan-19	12,61,773.00
144	LVPUN00041161368	10-Jan-19	12,61,773.00

¶52

10 (O.A.NO.899/2022)

¶53

145	LVPUN00041161485	10-Jan-19	12,61,773.00
146	LVPUN00041161491	10-Jan-19	12,61,881.00
147	LVPUN00041161635	10-Jan-19	12,60,521.00
148	LVPUN00041161682	10-Jan-19	12,61,790.00
149	LVPUN00041161771	10-Jan-19	12,61,773.00
150	LVPUN00041161833	10-Jan-19	12,61,881.00
151	LVPUN00041161918	10-Jan-19	12,61,881.00
152	LVPUN00041161952	10-Jan-19	12,61,773.00
153	LVPUN00041161991	10-Jan-19	12,61,881.00
154	LVPUN00041162006	10-Jan-19	12,61,881.00
155	LVPUN00041162075	10-Jan-19	12,57,644.00
156	LVPUN00041162129	02-Dec-19	25,02,935.00
157	LVPUN00041162285	02-Dec-19	25,02,935.00
158	LVPUN00041162390	30-Nov-19	25,06,419.00
159	LVPUN00041162467	30-Nov-19	25,06,419.00
160	LVPUN00041162518	30-Nov-19	25,07,788.00
161	LVPUN00041162567	30-Nov-19	25,06,419.00
162	LVPUN00041162696	30-Nov-19	25,06,419.00
163	LVPUN00041162813	30-Nov-19	25,03,443.00
164	LVPUN00041162895	30-Nov-19	25,06,477.00
165	LVPUN00041162921	30-Nov-19	25,12,067.00
166	LVPUN00041163049	30-Nov-19	25,06,419.00
167	LVPUN00041163164	30-Nov-19	25,03,443.00
168	LVPUN00041163169	30-Nov-19	25,03,443.00
169	LVPUN00041163263	30-Nov-19	25,06,419.00
170	LVPUN00041163285	30-Nov-19	25,07,788.00
171	LVPUN00041163397	30-Nov-19	25,06,419.00
172	LVPUN00041163498	30-Nov-19	25,06,419.00
173	LVPUN00041163519	30-Nov-19	25,07,788.00
174	LVPUN00041163599	30-Nov-19	25,12,067.00
175	LVPUN00041165304	30-Nov-19	25,03,443.00
176	LVPUN00041165636	30-Nov-19	25,03,443.00
177	LVPUN00041166185	30-Nov-19	25,06,419.00
178	UVPUN00038372097	30-Nov-19	25,03,443.00
179	UVPUN00038372216	30-Nov-19	25,06,419.00
180	UVPUN00038372230	30-Nov-19	25,03,443.00
181	UVPUN00038372242	30-Nov-19	25,06,419.00
182	UVPUN00038372260	30-Nov-19	25,03,443.00
183	UVPUN00038372301	30-Nov-19	25,03,443.00
184	UVPUN00038372323	30-Nov-19	25,06,419.00
185	UVPUN00038372427	30-Nov-19	25,06,419.00
186	UVPUN00038372451	30-Nov-19	25,03,443.00
187	UVPUN00038372472	30-Nov-19	25,03,443.00
188	UVPUN00038372535	30-Nov-19	25,07,788.00
189	UVPUN00038372942	30-Nov-19	25,06,419.00
190	UVPUN00038372962	30-Nov-19	25,06,419.00
191	UVPUN00038373024	30-Nov-19	25,06,419.00

¶54

11 (O.A.NO.899/2022)

¶55

192	UVPUN00038373035	30-Nov-19	25,06,419.00
193	UVPUN00038373048	30-Nov-19	25,01,697.00
194	UVPUN00038373127	30-Nov-19	25,04,673.00
195	UVPUN00038373137	30-Nov-19	25,03,443.00
196	UVPUN00038373220	30-Nov-19	25,06,419.00
197	UVPUN00038373240	30-Nov-19	25,12,067.00
198	UVPUN00038373254	30-Nov-19	25,12,067.00
199	UVPUN00038373290	30-Nov-19	25,03,443.00
200	UVPUN00038373303	30-Nov-19	25,13,437.00
201	UVPUN00038373400	30-Nov-19	25,06,419.00
202	UVPUN00038373415	30-Nov-19	25,07,788.00
203	UVPUN00038373424	30-Nov-19	25,03,443.00
204	UVPUN00038373442	30-Nov-19	25,12,067.00
205	UVPUN00038373489	30-Nov-19	25,09,298.00
206	UVPUN00038373595	31-Aug-16	5,771.10
207	UVPUN00042791111	30-Dec-20	5,54,21,141.00
		Total =	Rs.26,61,39,253.52

¶56

The defendants have committed defaults in repayment of the loans availed and, therefore, the applicant bank has issued Demand Legal Notice dated 28.10.2021 to the defendants and recall the facility and call upon them to pay the outstanding amount. However, in spite of notice, the defendants failed to repay the amount.

¶57

Hence, filed this application.

¶58

Defendants failed to appear despite service of summons. Hence, the application proceeded ex-parte against them vide Order dated 20.02.2025 passed below the application (Exhibit No.1).

¶59

The applicant bank has filed Claim Affidavit of evidence (Exh.6) of Mr. Rushikesh Pandit, Power of Attorney Holder, which supports the case of the applicant elucidated in the application.

¶60

12 (O.A.NO.899/2022)

¶61

The applicant bank has produced in evidence the original loan documents at Exh.1 to Exh.59, which corroborate the case of the applicant bank.

¶62

I have heard arguments of the learned advocate for the applicant bank.

¶63

Since the defendants failed to appear and contest the application, I find no reason to disbelieve the evidence of the applicant bank. Therefore, the applicant bank is entitled for the reliefs as claimed.

¶64

Considering the facts of the present case, I am of the opinion that if future interest is granted @9% p.a. (Simple) for all the loans, it would be just and reasonable.

¶65

Hence, I pass the following order:-

¶66

ORDER

¶67

A - Original Application No.899/2022 is allowed with costs.

¶68

B - Defendants No.1 and 2 either jointly or severally shall pay to the applicant bank Rs.26,61,39,254/- (Rupees Twenty Six Crores Sixty One Lakhs Thirty Nine Thousand Two Hundred Fifty Four only) with future interest @9% p.a. (Simple) from the date of filing of the Original Application i.e. 26.03.2022 till payment/ realization of the amount.

¶69

C - The aforesaid adjudicated amount is secured by hypothecation of the vehicles as mentioned in the Schedule below:-

¶70

13 (O.A.NO.899/2022)

¶71

SCHEDULE OF HYPOTHECATED VEHICLES

¶72

Sr. No	LAN No.	Registration No.	Model	Make	Chassis No.	Engine No.
1	LVPUN00034655793	BODY	STM7	TRANSIT MIXER	DUMMY	DUMMY
2	LVPUN00034655814	MH04GP2185	17 PLUS D	TRAVELLER	D67000723	MC1E4DGA5HP025281
3	LVPUN00034655821	MH04GP2183	17 PLUS D	TRAVELLER	D67000741	MC1E4DGA7HP025301
4	LVPUN00034655824	MH04GP2184	17 PLUS D	TRAVELLER	D67000722	MC1E4DGA7HP025279
5	LVPUN00034662528	MH04GP2175	PRO 3008	SKYLINE BUS	E424CDGF090698	MC2P1HRT0GF345853
6	LVPUN00034719966	MH04GP2181	PRO 3008	SKYLINE BUS	E424CDGG097144	MC2P1HRT0GG349374
7	LVPUN00034720015	MH04GP2179	PRO 3008	SKYLINE BUS	E424CDGF090743	MC2P1HRT0GF345852
8	LVPUN00034720056	MH04GP2176	PRO 3008	SKYLINE BUS	E424CDGG097145	MC2P1HRT0GG34169
9	LVPUN00034720241	MH04GP2080	4900MM	LT1309	GAEZ203391	MB1PEECD1GEAV4301
10	LVPUN00034720269	MH04GP2082	4900MM	LT1309	GAEZ203274	MB1PEECD4GEAV3918
11	LVPUN00034720296	MH04GP2085	4900MM	LT1309	GAEZ203344	MB1PEECD4GEAV4132
12	LVPUN00034720330	MH04GP2086	4900MM	LT1309	GAEZ203267	MB1PEECD6GEAV3919
13	LVPUN00034720425	MH04GP2084	4900MM	LT1309	GAEZ203385	MB1PEECDXGEAV4300
14	LVPUN00035399518	BODY	STM7	TRANSIT MIXER	DUMMY	DUMMY
15	LVPUN00035399530	BODY	STM7	TRANSIT MIXER	DUMMY	DUMMY
16	LVPUN00035399539	BODY	STM7	TRANSIT MIXER	DUMMY	DUMMY
17	LVPUN00035399542	BODY	STM7	TRANSIT MIXER	DUMMY	DUMMY
18	LVPUN00035399550	BODY	STM7	TRANSIT MIXER	DUMMY	DUMMY
19	LVPUN00035399558	BODY	STM7	TRANSIT MIXER	DUMMY	DUMMY
20	LVPUN00035514737	BODY	STM7	TRANSIT MIXER	DUMMY	DUMMY
21	LVPUN00035514850	BODY	BODY	LP 712	DUMMY	DUMMY
22	LVPUN00035704886	BODY	BODY	LP 712	DUMMY	DUMMY
23	LVPUN00035704895	BODY	BODY	LP 712	DUMMY	DUMMY
24	LVPUN00036917197	BODY	BODY	LP 712	DUMMY	DUMMY
25	LVPUN00036917243	BODY	BODY	LP 712	DUMMY	DUMMY
26	LVPUN00036917255	BODY	BODY	LP 712	DUMMY	DUMMY
27	LVPUN00036917270	BODY	BODY	LP 712	DUMMY	DUMMY
28	LVPUN00036917432	BODY	BODY	LP 712	DUMMY	DUMMY
29	LVPUN00036917451	BODY	BODY	LP 712	DUMMY	DUMMY
30	LVPUN00036917461	BODY	BODY	LP 712	DUMMY	DUMMY
31	LVPUN00036917474	BODY	BODY	LP 712	DUMMY	DUMMY
32	LVPUN00036917484	BODY	BODY	LP 712	DUMMY	DUMMY
33	LVPUN00036917498	MH12KQ0177	AL LYNX	AL LYNX	DTEZ203240	MB1PEEFC9DETL4821
34	LVPUN00036917507	MH12KQ0150	AL LYNX	AL LYNX	DTEZ203467	MB1PEEFC6DETL5506
35	LVPUN00036917528	MH12KQ0186	AL LYNX	AL LYNX	DREZ204093	MB1PEEFC1DERL7651
36	LVPUN00036917549	MH12KQ0159	AL LYNX	AL LYNX	DSEZ203723	MB1PEEFC3DESL6867
37	LVPUN00036917560	MH12KQ0069	AL LYNX	AL LYNX	DSEZ203867	MB1PEEFC2DESL6861
38	LVPUN00036917609	MH12KQ0060	AL LYNX	AL LYNX	DTEZ203520	MB1PEEFC0DETL5646
39	LVPUN00037036753	MH04FK3071	ALPSV 4- 170 CHASSIS	ALPSV 4-170	EDHZ402601	MB1PBEYC2EGCA4826
40	LVPUN00037036772	MH12KQ0195	AL LYNX	AL LYNX	DTEZ203252	MB1PEEFC5DETL4833

¶73

14 (O.A.NO.899/2022)

¶74

41	LVPUN00037036781	MH12KQ0141	AL LYNX	AL LYNX	DTEZ203247	MB1PEEFC4DETL4824
42	LVPUN00037080048	MH12KQ0087	AL LYNX	AL LYNX	DTEZ203397	MB1PEEFC8DETL5426
43	LVPUN00037080076	MH12KQ0051	AL LYNX	AL LYNX	DREZ204069	MB1PEEFC4DERL7577
44	LVPUN00037080100	MH12KQ0105	AL LYNX	AL LYNX	DREZ204099	MB1PEEFC3DERL7649
45	LVPUN00037080106	MH12KQ0078	AL LYNX	AL LYNX	DSHZ412235	MB1PEEFC0DESL7457
46	LVPUN00037080131	MH12KQ0096	AL LYNX	AL LYNX	DREZ204092	MB1PEEFC1DERL7648
47	LVPUN00037080149	MH12KQ0114	AL LYNX	AL LYNX	CDHZ122695	MB1PEAFC1DEAK6604
48	LVPUN00037080161	MH12KQ0132	AL LYNX	AL LYNX	DSEZ203868	MB1PEEFC5DESL6868
49	LVPUN00037080182	MH12KQ0366	AL LYNX	AL LYNX	DREZ204280	MB1PEEPCODERL8242
50	LVPUN00037080190	MH12KQ0339	AL LYNX	AL LYNX	DREZ204349	MB1PEEFC3DERL8249
51	LVPUN00037080206	MH04FK2820	AL LYNX	AL LYNX	DREZ204312	MB1PEEFC3DERL8221
52	LVPUN00037080223	MH04FK3074	ALPSV 4- 170 CHASSIS	ALPSV 4-170	ECHZ403139	MB1PBEYC3EGCA4821
53	LVPUN00037080231	MH04FK3073	ALPSV 4- 170 CHASSIS	ALPSV 4-170	ECHZ403144	MB1PBEYC5EGCA4822
54	LVPUN00037080241	MH04GP0024	ALPSV 4- 170 CHASSIS	ALPSV 4-170	ECHZ403617	MB1PBEYC8EGCA4846
55	LVPUN00037080252	MH04FK3070	ALPSV 4- 170 CHASSIS ALPSV 4	ALPSV 4-170	3707	A4827
56	LVPUN00037080265	MH04FK2956	- 170	ALPSV 4-170	DEHZ417142	MB1PBEYC0EGDA4777
			CHASSIS ALPS 4
57	LVPUN00037095876	MH04FK2957	V - 170 CHASSIS	ALPSV 4-170	EDEZ400094	MB1PBEHC2EEDM0888
58	LVPUN00037095919	MH04FK2955	ALPSV 4- 170 CHASSIS	ALPSV 4-170	DPHZ415975	MB1PBEYC2DGPA4772
59	LVPUN00037096069	MH04FK2976	ALPSV 4- 170 CHASSIS	ALPSV 4-170	EDEZ400092	MB1PBEHC2EEDM0891
60	LVPUN00037096106	MH04FK2980	ALPSV 4- 170 CHASSIS	ALPSV 4-170	EDEZ400095	MB1PBEHC0EEDM0890
61	LVPUN00037096194	MH12PQ8319	17 PLUS D	TRAVELLER	D67008917	MC1E4DJA7JP031405
62	LVPUN00037096222	MH12PQ8317	17 PLUS D	TRAVELLER	D67007577	MC1E4DHAXJP031033
63	LVPUN00037096273	MH12PQ8320	17 PLUS D	TRAVELLER	D67008869	MC1E4DJA1JP031397
64	LVPUN00037096283	MH04HY0125	PRO 3008H	EICHER PRO 3008H	E424CDGK110515	MC2P1HRT0GK354606
65	LVPUN00037151572	MH04JK2818	LP 712	LP 712	497TC41HSY826160	MAT513055HFH08769
66	LVPUN00037151601	MH04JK2830	LP 712	LP 712	497TC41HSY826166	MAT513055HFH08764
67	LVPUN00037151676	MH04JK2827	LP 712	LP 712	497TC41HSY825995	MAT513055HFH08756
68 69	LVPUN00037151784 LVPUN00037151804	MH04JK2831 MH04JK2819	LP 712 LP 712	LP 712 LP 712	497TC41JSY829193 497TC41JSY828727	MAT513055HFJ09796 MAT513055HFJ09774
70	LVPUN00037151877	MH04JK2820	LP 712	LP 712	497TC41HSY824994	MAT513055HFH08642
71	LVPUN00037177843	MH04JK2821	LP 712	LP 712	497TC41JSY829535	MAT513055HFJ09815
72	LVPUN00037177855	MH04JK2825	LP 712	LP 712	497TC41HSY826873	MAT513055HFJ09798
73	LVPUN00037177889	MH04JK2823	LP 712	LP 712	497TC41JSY829521	MAT513055HFJ09820
74	LVPUN00037177901	MH04JK2832	LP 712	LP 712	497TC41HSY825837	MAT513055HFH08816
75	LVPUN00037177920	MH04JK2833	LP 712	LP 712	497TC41GSY822527	MAT513055HFH08342
76	LVPUN00037177960	MH04JK2822	LP 712	LP 712	497TC41HSY826154	MAT513055HFH08778
77 78	LVPUN00037178001 LVPUN00037178027	MH04HY0124 MH04HY1678	PRO 3009 PRO 3009	PRO 3009 PRO 3009	E424CDHA122102 E424CDHB129096	MC2P2LRT0HA360522 MC2P2LRTOHB363905

¶75

15 (O.A.NO.899/2022)

¶76

79 80	LVPUN00037178047 LVPUN00037261845	MH04HY0126 MH04HY0121	PRO 3009 PRO 3009	PRO 3009 PRO 3009	E424CDHA122103 E424CDHA121798	MC2P2LRT0HA360523 MC2P2LRT0HA360165
81	LVPUN00037261865	MH04HY0122	PRO 3009	PRO 3009	E424CDHA122101	MC2P2LRT0HA360521
82	LVPUN00037261952	MH12PQ4651	13 PLUS D	TRAVELLER	D67010252	MC1E4CLA6JP048283
83	LVPUN00037261969	MH12PQ8769	17 PLUS D	TRAVELLER	D67012710	MC1E4DBA5JP032650
84	LVPUN00037393158	MH12PQ8768	17 PLUS D	TRAVELLER	D67012708	MC1E4DBA4JP032655
85	LVPUN00037393190	MH12PQ8767	17 PLUS D	TRAVELLER	D67012660	MC1E4DAA1JP032615
86	LVPUN00037393203	MH04HY1676	PRO 3008H	EICHER PRO 3008H	E424CDHB128425	MC2P1HRT0HB363276
87	LVPUN00037393217	MH04HY1677	PRO 3008H	EICHER PRO 3008H	E424CDHB125451	MC2P1HRT0HB362275
88	LVPUN00038445865	MH12PQ8765	17 PLUS D	TRAVELLER	D67012658	MC1E4DAA7JP032618
89	LVPUN00038445878	MH12PQ8766	17 PLUS D	TRAVELLER	D67012729	MC1E4DBA3JP032680
90	LVPUN00038445880	MH12PQ8764	17 PLUS D	TRAVELLER	D67012650	MC1E4DAAXJP032614
91	LVPUN00038445886	MH12PQ8681	17 PLUS D	TRAVELLER	D67012642	MC1E4DAA4JP032429
92	LVPUN00038445889	MH12PQ8662	17 PLUS D	TRAVELLER	D67012778	MC1E4DBA1JP032676
93	LVPUN00038445895	MH12PQ8680	17 PLUS D	TRAVELLER	D67012643	MC1E4DAA5JP032620
94	LVPUN00038445919	MH12PQ8679	17 PLUS D	TRAVELLER	D67012690	MC1E4DBA0JP032653
95	LVPUN00038445921	MH12PQ8678	17 PLUS D	TRAVELLER	D67012841	MC1E4DAA7JP032621
96	LVPUN00038445927	MH12PQ8849	17 PLUS D	TRAVELLER	D67012653	MC1E4DAA3JP032616
97	LVPUN00038445937	MH12KQ4572	LPO 1512	LPO 1512	51K84259784	MAT412353G0A00100
98	LVPUN00038445941	KA01AH8870	PRO 6025 T	EICHER PRO 6025 T	VKDX5327129B1P	MC2M6GRC0JA053726
99	LVPUN00038445944	KA01AH8863	PRO 6025 T	EICHER PRO 6025 T	VKDX5327131B1P	MC2M6CRC0JA053728
100	LVPUN00038445945	KA01AH8862	PRO 6025 T	EICHER PRO 6025 T	VKDX5327128B1P	MC2M6GRC0JA053725
101	LVPUN00038445952	KA01AH8853	PRO 6025 T	EICHER PRO 6025 T	VKDX5327117B1P	MC2M6GRC0JA053143
102	LVPUN00038445964	KA01AH8871	PRO 6025 T	EICHER PRO 6025 T	VKDX5327126B1P	MC2M6CRC0JA053723
103	LVPUN00038445969	BODY	BODY	BODY	DUMMY	DUMMY
104	LVPUN00038445975	BODY	BODY	BODY	DUMMY	DUMMY
105	LVPUN00038445977	BODY	BODY	BODY	DUMMY	DUMMY
106	LVPUN00038445984	BODY	BODY	BODY	DUMMY	DUMMY
107	LVPUN00038445988	BODY	BODY	BODY	DUMMY	DUMMY
108	LVPUN00038649809	BODY	BODY	BODY	DUMMY	DUMMY
109	LVPUN00038649813	BODY	BODY	BODY	DUMMY	DUMMY
110	LVPUN00038649817	BODY	BODY	BODY	DUMMY	DUMMY
111	LVPUN00038649824	BODY	BODY	BODY	DUMMY	DUMMY
112	LVPUN00038649829	BODY	BODY	BODY	DUMMY	DUMMY
113	LVPUN00038649831	BODY	BODY	BODY	DUMMY	DUMMY
114	LVPUN00038649841	BODY	BODY	BODY	DUMMY	DUMMY
115	LVPUN00038649842	BODY	BODY	BODY	DUMMY	DUMMY
116	LVPUN00038649846	BODY	BODY	BODY	DUMMY	DUMMY
117	LVPUN00038649849	BODY	BODY	BODY	DUMMY	DUMMY
118	LVPUN00038649859	BODY	BODY	BODY	DUMMY	DUMMY
119	LVPUN00038649861	BODY	BODY	BODY	DUMMY	DUMMY
120	LVPUN00038649864	BODY	BODY	BODY	DUMMY	DUMMY
121	LVPUN00038649867	BODY	BODY	BODY	DUMMY	DUMMY
122	LVPUN00038649870	BODY	BODY	BODY	DUMMY	DUMMY
123	LVPUN00038649876	KA01AH7412	PRO 6025 T	EICHER PRO 6025 T	VEDX5325951B1P	MC2M6GRC0JA052899

¶77

16 (O.A.NO.899/2022)

¶78

124	LVPUN00038649879	KA01AH7423	PRO 6025 T	EICHER PRO 6025 T	VEDX5325952B1P	MC2M6GRC0JA052900
125	LVPUN00038649884	KA01AH8854	PRO 6025 T	EICHER PRO 6025 T	VKDX5327123B1P	MC2M6GRC0JA053144
126	LVPUN00038649887	KA01AH8872	PRO 6025 T	EICHER PRO 6025 T	VEDX5327173B1P	MC3M6GRC0JB053835
127	LVPUN00038649891	KA01AH8861	PRO 6025 T	EICHER PRO 6025 T	VEDX5327124B1P	MC2M6GRC0JA053145
128	LVPUN00041159424	MH12NX5444	PRO 3009	PRO 3009	E424CDHA124413	MC2P2LRT0HC365583
129	LVPUN00041159473	MH12NX5888	PRO 3009	PRO 3009	E424CDHC135778	MC2P2LRT0HC365584
130	LVPUN00041159620	MH12QG1423	LP 712	LP 712	49TC41JSY829533	MAT513055HFJ09823
131	LVPUN00041160090	MH12QG1421	LP 712	LP 712	497TC41JSY829522	MAT513055HFJ09818
132	LVPUN00041160307	MH12QG1420	LP 712	LP 712	497TC41HSY827436	MAT513055HFJ09867
133	LVPUN00041160420	MH04JK3073	CHASSIS	LPO 1515	3LNGDICR10ARY500322	MAT751025JFA00872
134	LVPUN00041160517	MH04JK3072	CHASSIS	LPO 1515	3LNGDICRI0ARY500023	MAT751025JFA00588
135	LVPUN00041160609	MH12QG2738	ULTRA	STAR BUS	3LNGDICR10DRY503513	MAT751025JFD06499
136	LVPUN00041160852	MH06BW3043	CHASSIS	LPO 1515	81L84838605	MAT476131J0N16012
137	LVPUN00041160986	MH12SF7031	CHASSIS	LPO 1515	81L84838618	MAT476131J0N15942
138	LVPUN00041161033	MH06BW3192	CHASSIS	LPO 1515	81L84838928	MAT476131J0N16030
139	LVPUN00041161077	MH06BW3193	CHASSIS	LPO 1515	81L84840119	MAT476131J0N16084
140	LVPUN00041161110	MH06BW3041	CHASSIS	LPO 1515	81L84836235	MAT476131J0N16086
141	LVPUN00041161198	MH06BW2813	CHASSIS	LPO 1515	81K84831502	MAT476131J0K14729
142	LVPUN00041161267	MH06BW3190	CHASSIS	LPO 1515	81L84838608	MAT476131J0N16039
143	LVPUN00041161353	MH06BW3194	CHASSIS	LPO 1515	81L84839251	MAT476131J0N16065
144	LVPUN00041161368	MH06BW2811	CHASSIS	LPO 1515	81L84838604	MAT476131J0N16029
145	LVPUN00041161485	MH06BW3042	CHASSIS	LPO 1515	81L84838629	MAT476131J0N16063
146	LVPUN00041161491	MH06BW2818	CHASSIS	LPO 1515	81L84836227	MAT476131J0N16068
147	LVPUN00041161635	MH12SF7029	CHASSIS	LPO 1515	81L84838613	MAT476131J0N16041
148	LVPUN00041161682	MH06BW2814	CHASSIS	LPO 1515	81L84838616	MAT476131J0N16040
149	LVPUN00041161771	MH06BW2816	CHASSIS	LPO 1515	81L84838941	MAT476131J0N16066
150	LVPUN00041161833	MH06BW3191	CHASSIS	LPO 1515	81L84838625	MAT476131J0N16055
151	LVPUN00041161918	MH06BW3044	CHASSIS	LPO 1515	81L84838944	MAT476131J0N16037
152	LVPUN00041161952	MH06BW2820	CHASSIS	LPO 1515	81L84838927	MAT476131J0N16071
153	LVPUN00041161991	MH06BW2815	CHASSIS	LPO 1515	81L84838621	MAT476131J0N16036
154	LVPUN00041162006	MH06BW3039	CHASSIS	LPO 1515	81L84838937	MAT476131J0N16038
155	LVPUN00041162075	MH06BW2810	CHASSIS	LPO 1515	81184838634	MAT476131J0N16034
156	LVPUN00041162129	MH03CV4881	20 PLUS D	TRAVELLER	D68004454	MC1E4FKA1LP012586
157	LVPUN00041162285	MH03CV4892	20 PLUS D	TRAVELLER	D68004467	MC1E4FKA0LP012613
158	LVPUN00041162390	MH03CV4895	20 PLUS D	TRAVELLER	D68004360	MC1E4FKA6LP012518
159	LVPUN00041162467	MH03CV4966	20 PLUS D	TRAVELLER	D68004429	MC1E4FKA3LP012587
160	LVPUN00041162518	MH03CV4974	20 PLUS D	TRAVELLER	D68004383	MC1E4FKA5LP012526
161	LVPUN00041162567	MH03CV4969	20 PLUS D	TRAVELLER	D68004365	MC1E4FKA5LP012509
162	LVPUN00041162696	MH03CV4877	20 PLUS D	TRAVELLER	D68004455	MC1E4FKA5LP012588
163	LVPUN00041162813	MH03CV4894	20 PLUS D	TRAVELLER	D68004382	MC1E4FKA2LP012533
164	LVPUN00041162895	MH03CV4879	20 PLUS D	TRAVELLER	D68004388	MC1E4FKA0LP012532
165	LVPUN00041162921	MH03CV4917	20 PLUS D	TRAVELLER	D68004389	MC1E4FKA1LP012538
166	LVPUN00041163049	MH03CV4958	20 PLUS D	TRAVELLER	D68004460	MC1E4FKA8LP012584
167	LVPUN00041163164	MH03CV4902	20 PLUS D	TRAVELLER	D68004445	MC1E4FKA2LP012595
168	LVPUN00041163169	MH03CV4909	20 PLUS D	TRAVELLER	D68004416	MC1E4FKA6LP012566
169	LVPUN00041163263	MH03CV4887	20 PLUS D	TRAVELLER	D68004413	MC1E4FKA4LP012548

¶79

17 (O.A.NO.899/2022)

¶80

170	LVPUN00041163285	MH03CV4920	20 PLUS D	TRAVELLER	D68004406	MC1E4FKAXLP012554
171	LVPUN00041163397	MH03CV4916	20 PLUS D	TRAVELLER	D68004430	MC1E4FKA4LP012579
172	LVPUN00041163498	MH03CV4890	20 PLUS D	TRAVELLER	D68004384	MC1E4FKA1LP102555
173	LVPUN00041163519	MH03CV4904	20 PLUS D	TRAVELLER	D68004398	MC1E4FKA4LP012565
174	LVPUN00041163599	MH03CV4898	20 PLUS D	TRAVELLER	D68004387	MC1E4FKA5LP012543
175	LVPUN00041165304	MH03CV4888	20 PLUS D	TRAVELLER	D68004394	MC1E4FKAXLP012537
176	LVPUN00041165636	MH03CV4910	20 PLUS D	TRAVELLER	D68004457	MC1E4FKA1LP012605
177	LVPUN00041166185	MH03CV4893	20 PLUS D	TRAVELLER	D68004404	MC1E4FKA0LP012546
178	UVPUN00038372097	MH03CV4903	20 PLUS D	TRAVELLER	D68004440	MC1E4FKA2LP012614
179	UVPUN00038372216	MH03CV4908	20 PLUS D	TRAVELLER	D68004344	MC1E4FKA1LP012569
180	UVPUN00038372230	MH03CV4899	20 PLUS D	TRAVELLER	D68004438	MC1E4FKA0LP012580
181	UVPUN00038372242	MH03CV4880	20 PLUS D	TRAVELLER	D68004375	MC1E4FKA7LP012558
182	UVPUN00038372260	MH03CV4967	20 PLUS D	TRAVELLER	D68004458	MC1E4FKA9LP012609
183	UVPUN00038372301	MH03CV4918	20 PLUS D	TRAVELLER	D68004390	MC1E4FKA4LP012551
184	UVPUN00038372323	MH03CV4905	20 PLUS D	TRAVELLER	D68004463	MC1E4FKA2LP012600
185	UVPUN00038372427	MH03CV4878	20 PLUS D	TRAVELLER	D68004409	MC1E4FKA7LP012561
186	UVPUN00038372451	MH03CV4972	20 PLUS D	TRAVELLER	D68004442	MC1E4FKA0LP012577
187	UVPUN00038372472	MH03CV4901	20 PLUS D	TRAVELLER	D68004411	MC1E4FKA7LP012592
188	UVPUN00038372535	MH03CV4919	20 PLUS D	TRAVELLER	D68004391	MC1E4FKA6LP012535
189	UVPUN00038372942	MH03CV4906	20 PLUS D	TRAVELLER	D68004431	MC1E4FJA4LP012454
190	UVPUN00038372962	MH03CV4921	20 PLUS D	TRAVELLER	D68004408	MC1E4FKA5LP012560
191	UVPUN00038373024	MH03CV4914	20 PLUS D	TRAVELLER	D68004450	MC1E4FKA3LP012590
192	UVPUN00038373035	MH03CV4886	20 PLUS D	TRAVELLER	D68004415	MC1E4FKA9LP012593
193	UVPUN00038373048	MH03CV4891	20 PLUS D	TRAVELLER	D68004449	MC1E4FKAXLP012604
194	UVPUN00038373127	MH03CV4883	20 PLUS D	TRAVELLER	D68004471	MC1E4FKAXLP012599
195	UVPUN00038373137	MH03CV4897	20 PLUS D	TRAVELLER	D68004461	MC1E4FKA7LP012608
196	UVPUN00038373220	MH03CV4915	20 PLUS D	TRAVELLER	D68004451	MC1E4FKA5LP012607
197	UVPUN00038373240	MH03CV4896	20 PLUS D	TRAVELLER	D68004441	MC1E4FKA2LP012578
198	UVPUN00038373254	MH03CV4959	20 PLUS D	TRAVELLER	D68004405	MC1E4FKA9LP012545
199	UVPUN00038373290	MH03CV4884	20 PLUS D	TRAVELLER	D68004345	MC1E4FKA9LP012562
200	UVPUN00038373303	MH03CV4907	20 PLUS D	TRAVELLER	D68004439	MC1E4FKA3LP012606
201	UVPUN00038373400	MH03CV4973	20 PLUS D	TRAVELLER	D68004462	MC1E4FKA9LP012612
202	UVPUN00038373415	MH03CV4885	20 PLUS D	TRAVELLER	D68004403	MC1E4FKA2LP012547
203	UVPUN00038373424	MH03CV4882	20 PLUS D	TRAVELLER	D68004428	MC1E4FKA8LP012567
204	UVPUN00038373442	MH03CV4960	20 PLUS D	TRAVELLER	D68004418	MC1E4FKA9LP012559
205	UVPUN00038373489	MH03CV4970	20 PLUS D	TRAVELLER	D68004447	MC1E4FKA9LP012576
206	UVPUN00038373595	MH04GP2180	PRO 3008	SKYLINE BUS	E424CDGG097318	MC2P1HRT0GG349168
207	UVPUN00042791111	NA	NA	NA	NA	NA

¶81

18 (O.A.NO.899/2022)

¶82

D - The applicant bank is entitled to sell the hypothecated vehicles to recover its dues.

¶83

E- Issue Recovery Certificate.

¶84

F - The Registrar is directed to send the copy of Judgment and Recovery Certificate to the applicant and the defendants.

¶85

Place : Pune (Dilip G. Murumkar) Date: 03.09.2025 Presiding Officer, Debts Recovery Tribunal, Pune.

¶86

19 (O.A.NO.899/2022)

Icici Bank Limited v. M/S. M P Enterprises and Associates Ltd.

Case brief

What is this about?

What did the court decide?

Icici Bank Limited v. M/S. M P Enterprises and Associates Ltd.

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Parties & counsel

Coram

Case details

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