This debt recovery tribunal allowed the Bank of India’s application for recovery of Rs.13,46,694 and future interest from the defendants who were principal borrower and guarantors. The court modified the claimed interest rate to 9% per annum simple interest.
Defendant Nos.1 to 3 jointly or severally to pay Rs.13,46,694 along with future interest @9% per annum from 29.08.2018.
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.
Presented on .. 29.08.2018 Registered on .. 25.01.2023 Decided on .. 09.10.2025 Duration .. Y—M—D 07--01--10
IN THE DEBTS RECOVERY TRIBUNAL AT PUNE (Before Shri Dilip G. Murumkar, Presiding Officer) ORIGINAL APPLICATION No. 99/2023.
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. 99/2023 ) 1 of 5
Appearances :-
For Applicant Advocate Satyen Jagtap. For Defendants Ex parte.
Total Claim Amount – Rs.13,46,693=75
JUDGMENT (Delivered on 09th October, 2025)
Sanap ( OA No. 99/2023 ) 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. 99/2023 ) 3 of 5
Sanap ( OA No. 99/2023 ) 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 : 09.10.2025 Pune.
Sanap ( OA No. 99/2023 ) 5 of 5
3 issues framed by the court
Whether the applicant bank is entitled to recovery of the principal amount and interest of Rs.13,46,694 along with future interest.
Whether the rate of future interest claimed by the bank should be modified to a just and reasonable rate.
Whether the defendants are liable to pay the decretal amount jointly or severally.
1 provisions across 1 enactments
Bank of India
Anna Ashru Sondage
M/s. Bhima Sahakari Sakhar Karkhana Ltd.
Chandrabhan Ashru Sondage
Dilip G. Murumkar
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
