Debts Recovery Tribunal allowed bank's application for recovery of outstanding loan dues of Rs. 28,35,205/- from borrowers. Court directed issuance of recovery certificate permitting sale of mortgaged flat and other assets for debt realization.
Recovery certificate issued for Rs. 28,35,205/- with interest; sale of mortgaged flat permitted for debt recovery.
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.
“ORIGINAL APPLICATION” No. 131 OF 2025
BEFORE THE DEBTS RECOVERY TRIBUNAL, JAIPUR
PRESENT- SHRI VIMAL GUPTA
PRESIDING OFFICER
O.A. NO. 131 OF 2025
DATE OF DELIVERY OF ORDER 19.05.2026
Bank of Maharashtra , a Bank constituted by and under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970 and having its Head Office at Lokmangal 1501, Shivaji Nagar, Pune- 411005 and Branch Office at Plot No 68P-9, Tonk Rd, Near My Baby Hospital and Vaccination Center, Sector 6, Sanganer, Pratap Nagar, Jaipur, Rajasthan 302033 through its Authorized Signatory Mr. Prashant Dhaka.
…..Applicant Bank…..
VERSUS
1. Mr. Pawan Kumar S/o Lt. Sh. Amar Singh, Address: S-1, Second Floor, 1-B, Shankar Vihar Colony, Murlipura, Jaipur- 302039, Rajasthan.
2. Mrs. Meenakshi W/o Sh. Pawan Kumar, Address: S-1, Second Floor, 1-B, Shankar Vihar Colony, Murlipura, Jaipur- 302039, Rajasthan.
……Defendants…..
Counsel for the Applicant Bank Sh. Vineet Sharma Defendants None
JUDGMENT
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as well as from the personal movable and immovable properties/assets of Defendants. The applicant bank is entitled to proceed against the same towards recovery of its debt.
c) The applicant bank is entitled to the costs of the O.A.
(Vimal Gupta) Presiding Officer, Debts Recovery Tribunal, Jaipur
Order pronounced in the open court today i.e. 19.05.2026 .
(Vimal Gupta) Presiding Officer, Debts Recovery Tribunal, Jaipur
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OA No. 131 OF 2025
BEFORE THE DEBTS RECOVERY TRIBUNAL, JAIPUR
PRESENT- SHRI VIMAL GUPTA
PRESIDING OFFICER
O.A. NO. 131 OF 2025
DATE OF DELIVERY OF ORDER 19.05.2026
RECOVERY CERTIFICATE
(UNDER SUB Section 22 of the Recovery of Debts due to Banks and Financial Institutions Act, 1993 (Act 51 of 1993)
Bank of Maharashtra , a Bank constituted by and under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970 and having its Head Office at Lokmangal 1501, Shivaji Nagar, Pune- 411005 and Branch Office at Plot No 68P-9, Tonk Rd, Near My Baby Hospital and Vaccination Center, Sector 6, Sanganer, Pratap Nagar, Jaipur, Rajasthan 302033 through its Authorized Signatory Mr. Prashant Dhaka.
…..Applicant Bank…..
VERSUS
1. Mr. Pawan Kumar S/o Lt. Sh. Amar Singh, Address: S-1, Second Floor, 1-B, Shankar Vihar Colony, Murlipura, Jaipur- 302039, Rajasthan.
2. Mrs. Meenakshi W/o Sh. Pawan Kumar, Address: S-1, Second Floor, 1-B, Shankar Vihar Colony, Murlipura, Jaipur- 302039, Rajasthan.
……Defendants…..
Recovery Certificate for Rs. 28,35,205/-
In terms of final order dated 19.05.2026 passed by this Tribunal in the above mentioned case, it is ordered that the-
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as well as from the personal movable and immovable properties/assets of Defendants. The applicant bank is entitled to proceed against the same towards recovery of its debt.
Parties are directed to appear before the Recovery Officer, DRT, Jaipur on 09.07.2026 .
The Recovery Officer shall realize the amount as per this Certificate in the manner and mode prescribed under Section 25 and 28 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (as amended from time to time) from the above named Certificate Debtor.
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This Certificate has been issued under my signatures and seal of the Tribunal on this 19.05.2026 .
(Vimal Gupta) Presiding Officer, Debts Recovery Tribunal, Jaipur
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OA No. 131 OF 2025
BEFORE THE DEBTS RECOVERY TRIBUNAL, JAIPUR
PRESENT- SHRI VIMAL GUPTA
PRESIDING OFFICER
O.A. NO. 131 OF 2025
DATE OF DELIVERY OF ORDER 19.05.2026
SCHEDULE TO RECOVERY CERTIFICATE
MEMO OF COST
Bank of Maharashtra , a Bank constituted by and under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970 and having its Head Office at Lokmangal 1501, Shivaji Nagar, Pune- 411005 and Branch Office at Plot No 68P-9, Tonk Rd, Near My Baby Hospital and Vaccination Center, Sector 6, Sanganer, Pratap Nagar, Jaipur, Rajasthan 302033 through its Authorized Signatory Mr. Prashant Dhaka.
…..Applicant Bank…..
VERSUS
1. Mr. Pawan Kumar S/o Lt. Sh. Amar Singh, Address: S-1, Second Floor, 1-B, Shankar Vihar Colony, Murlipura, Jaipur- 302039, Rajasthan.
2. Mrs. Meenakshi W/o Sh. Pawan Kumar, Address: S-1, Second Floor, 1-B, Shankar Vihar Colony, Murlipura, Jaipur- 302039, Rajasthan.
……Defendants…..
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OA No. 131 OF 2025
| S. No. | Item of Costs | Amount (Rs.) |
|---|---|---|
| 1 | Fee on the Application | 31,000.00 |
| 2 | Process Fee (Inc. Publication) | 60.00 |
| 3 | Advocate Fee | 1,250.00 |
| 4 | Court Commissioner’s Fees | 10,000.00 |
| 5 | Commission/Receiver/Valuation | NIL |
| 6 | Miscellaneous Charges | NIL |
| Total | 42,310.00 |
(Vimal Gupta) Presiding Officer, Debts Recovery Tribunal, Jaipur
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19.05.2026
Counsel: Sh. Vineet Sharma, Counsel for Applicant Bank None for the Defendants
Judgment dictated separately and pronounced in the open court. As per order the O.A. is allowed. Recovery Certificate be prepared accordingly and the Registry is directed to verify the Recovery Certificate as per Regulation 22(1) of Debts Recovery Tribunal Regulation 2024 and after verification place the same before the Tribunal.
(Vimal Gupta) Presiding Officer, Debts Recovery Tribunal, Jaipur
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OA No. 131 OF 2025
19.05.2026
Counsel:
Sh. Vineet Sharma, Counsel for Applicant Bank None for the Defendants
The Tribunal vide order dated 19.05.2026 , directed the Registrar to verify the Recovery Certificate as per Regulation 22(1) of Debts Recovery Tribunal Regulation 2024.
The Registrar vide order dated 19.05.2026 verified the Recovery Certificate as per Regulation 22(1) of Debts Recovery Tribunal Regulation 2024. Recovery Certificate be prepared accordingly. Copy of the Judgment and Recovery Certificate be given free to the concerned parties as well as be sent to the Recovery Officer for further proceedings. File be put up before the Registrar for compliance. After compliance file be consigned to record.
(Vimal Gupta) Presiding Officer, Debts Recovery Tribunal, Jaipur
1 issue framed by the court
Whether the applicant bank is entitled to recover the outstanding dues from the borrowers and mortgaged property.
4 provisions across 2 enactments
Bank of Maharashtra
Mr. Pawan Kumar
Mrs. Meenakshi
Vimal Gupta
As recorded by the court registry
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