The Tribunal allowed the Bank of India's application for recovery of Rs.13,46,694 against a borrower and two guarantors. The respondents were absent; the claim was approved on evidence submitted by the bank, with future interest fixed at 9% per annum.
Recovery order for Rs.13,46,694 plus future interest at 9% p.a. from 29.08.2018 and issuance of Recovery Certificate.
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 .. 13.12.2022 Decided on .. 17.06.2026 Duration .. Y—M—D 07--09--19
IN THE DEBTS RECOVERY TRIBUNAL AT PUNE (Before Shri Dilip G. Murumkar, Presiding Officer) ORIGINAL APPLICATION No. 1108/2022.
Bank of India,
A bank constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970, 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.
Versus
Sanap ( OA No. 1108/2022 ) 1 of 5
Appearances :- For Applicant Advocate Satyan Jagtap. For Defendants Ex parte.
Total Claim Amount – Rs.13,46,693=72
JUDGMENT
( Delivered on 17th June, 2026 )
Sanap ( OA No. 1108/2022 ) 2 of 5
furnishing guarantee for the repayment of the loan advanced/to be advanced to the contractors.
Sanap ( OA No. 1108/2022 ) 3 of 5
declared as Non-Performing Asset on 31.03.2018. Thereafter, on 14.05.2018, the applicant Bank issued legal Notice to the defendants. Despite service of Notice, the defendants failed and neglected to pay the outstanding dues of the applicant Bank.
Sanap ( OA No. 1108/2022 ) 4 of 5
Hence, I pass the following order.
O R D E R
Sd/( Dilip G. Murumkar ) Presiding Officer Place : Pune Debts Recovery Tribunal, Date : 17.06.2026 Pune.
Sanap ( OA No. 1108/2022 ) 5 of 5
1 issue framed by the court
whether the applicant bank is entitled to recover the outstanding dues and future interest from the borrower and guarantors in the absence of the respondents.
Bank of India
Mr. Babasaheb Appa Dongare
M/s. Bhima Sahakari Sakhar Karkhana Ltd.
Mr. Pappu Vitthal Rakh
Dilip G. Murumkar
As recorded by the court registry
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