The Tribunal allowed the original application filed by Canara Bank to recover outstanding dues from three defendants who failed to repay a credit facility. Evidence remained unchallenged.
Directing defendant nos. 1 to 3 to pay Rs. 24,77,613/- along with cost, expenses and interest within 30 days.
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.
Before SUSHIL KUMAR RASTOGI, Presiding Officer Debts Recovery Tribunal-Il, Delhi
TA No.699 OF 2022
CANARA BANK VS M/S IAA CONSTRUCTION & ORS
Reserued on : O6.02.2025
Pronounced on : 28.04.2025
Canara Bank
-Applicant bank
Vs.
Present: Shri Ram Niwas, Counsel appears for applicant bank.
Defendants are expafte since 24.01.2019.
FINAL ORDER
This original application has been filed by the applicant bank, on 03.12.2016 through ShriRajendra Prasad Gupta, Manager of the applicant bank, under Section 19 of the RDB Act, 1993 against the defendants for recovery of a sum of Rs.24,77,613/- together with cost, charges andpendentellite and futureinterest @L4.25o/ofrom date offiling of this O.A. till the realization in full.
s\
TA NO. 699t2022 2
no. First Floor, without Roof rights of Plot No. 46D, Khasra No. 929, Area measuring 100 Sq. Yds Village Nawada, Kiran Garden, Uttam Nagar, Delhi. The defendant no.3 stood as guarantor. The defendants executed all necessary loaning documents dated 05.12.2013.
3
TA NO. 69912022
In the light of the above discussions, thepresent TA deserves to be allowed.
ORDER
area measuring100 Sq. Yds, VillageNawada,Kiran Garden, UttamNagar, Delhi. In case of short fall, the same shall berecovered from the sale of the personal movable and immovableassets of the defendant nos'1 to 3.
C)
TA NO. 699/2022 4
File be consigned to records.
s)
(SUSHIL KUMAR RASIOGI) PRESIDING OFFICER DRT-II, Delhi
Date: 28.04.2025
Thisjudgement has been signed, dated and
pronounced in open court.
E-\
Date :28.04.2025
(SUSHIL KUMAR RASTOGI) PRESIDING OFFICER DRT-II, Delhi
T
2 issues framed by the court
Whether the applicant bank is entitled to recover the outstanding dues under Section 19 of the RDB Act, 1993.
Whether the defendants are liable to pay the debt jointly and severally.
1 provisions across 1 enactments
CANARA BANK
M/S IAA CONSTRUCTION
SH. ROY SHARMA
SMT. SHALINI SHARMA
SUSHIL KUMAR RASTOGI
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
