This court allowed an original application filed by State Bank of India under Section 19 of the RDB Act, 1993, for recovery of a sanctioned loan facility amounting to Rs. 16,78,489.51 plus interest against the defendants who defaulted on repayment.
Directed defendants to pay Rs. 16,78,489.51 along with cost and interest @ 11.50% within 30 days.
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Before SUSHIL KUMAR RASTOGI, Presiding Officer Debts Recovery Tribunal-Il, Delhi
TA No.447 OF 2023
STATE BANK OF INDIA VS SH. NITIN KUMARARORA & oRs
Reserued on : O6.O2.2025
Pronounced on : 28.04.2025
State Bank of India Vs.
-Applicant bank
Present: Shri Bheem SainJain, Counsel appears for applicant bank. Defendants are expartesince 09.10'2018.
FINAL ORDER
This original applicationhas been filed by the applicant bank, on22.03.2016 throughShri Inder Singh Solanki, ChiefManagerand PrincipalOfficer of the applicant bank,under Section 19 of the RDBAct, 1993 against the defendantsfor recoveryof a sum of Rs.16,78,489.51 togetherwith cost, charges and pendentellite and future interest @15.80o/ofrom date of filing of this O.A. tillthe realization in full.
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TANO. 44712023
of 106.22 sqyds, part of built-upproperty bearing no. 295, out of Khasra No. 4/39, Village KhurjiKhas, Colony Known as Ram Nagar Illaqa Shahdara, Delhi110051. The defendant no.2 also created an equitable mortgage of his propefi describable as buit up eastern one-halfportion of theproperty bearingplot no. 10, Block No. H-5, measuring area 110.35 Sq.yds, out of the total area 220.70 sQyds., situatedin the colony known as Krishna Nagar in the area ofVillage Ghondali, Illaqa Shahdara Delhi-110051.The defendant no.1 also hypothecated all thepresent and futuregoods and other assets,plant andmachinery, vehicles etc. lying at their works/factoryin India.
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TANO.44712023 3
In the light of the above discussions, thepresent TA deserves to be allowed.
ORDER
TANO.447/2023 4
portion of the property bearing plot no. 10, Block No. H-5, measuring area 110.35 Sq. yds, out of the total area 220.70 sq yds., situated in the colony known as Krishna Nagar in the area of Village Ghondali, Illaqa Shahdara Delhi-110051 and entire Western Portion measuring area 53.11 sq.yds, out of total area of L06.22 sq yds, part of built-up property bearing no. 295, out of Khasra No. 4/39, Village Khurji Khas, Colony Known as Ram Nagar Illaqa Shahdara, Delhi-l10051. In case of short fall, the same shall be recovered from the sale of the personal movable and immovable assets of the defendant nos. 1 & 2.
File be consigned to records.
e)
Date: 28.04.2025
(SUSHIL KUMAR RASTOGI) PRESIDING OFFICER DRT-II, Delhi
Thisjudgement has been signed, dated and pronounced in open court.
E\
Date :28.04.2025
(SUSHIL KUMAR RASTOGI) PRESIDING OFFICER DRT-II, Delhi
T
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1 issue framed by the court
Whether the original application under Section 19 of the RDB Act for recovery of dues is allowed.
1 provisions across 1 enactments
STATE BANK OF INDIA
SH. NITIN KUMAR ARORA
SH. VINOD KUMAR ARORA
SUSHIL KUMAR RASTOGI
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
