Disposed

Bank of Baroda v. Rinki Jain

DRT16 Jan 2026OA/144/2025

Case brief

AI extract

What is this about?

In OA 144/2025, the Debt Recovery Tribunal mediated a loan dispute between Bank of Baroda and the applicants. Counsel agreed to settle the account with 6% simple interest over eight months; upon full payment, title deeds would be returned.

What did the court decide?

Settlement agreement approved: pay NPA figure plus 6% simple interest via eight monthly installments; title deeds to be returned after full payment.

Bank of Baroda versus Rinki Jain — Banking and Recovery | DRT (2026)

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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur

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Item No. 86

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Case No.SA/41/2026

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TRILOK CHAND JAIN Vs BANK OF BARODA

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Supp. Item no. 03

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OA NO. 144/2025

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BANK OF BARODA VS RINKI JAIN

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Date: 16.01.2026.

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Proceedings through hybrid mode

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Present:

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Shri V N Bohra, Counsel for the Applicant along with Shri Trilok Chand Jain, applicant in person

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Ms. Anubha Singh and Shri Shubham Choudhary, Counsel for the Respondent Bank along with Shri Vishal Vasant Ahire, Chief Manager and Shri Harishankar Meena, Legal Officer

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Today the matter was fixed for mediation.

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Counsel for the applicant submits that after six years, notice under section 13(2) has been withdrawn on technical grounds. He submits why he should bear the burden of those six years interest.

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Counsel for the bank submits that the date of NPA is 25.07.2014 and the amount is 12,87,657/- and rate of interest is 10.25% monthly compounded.

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After discussion, it was agreed to settle the loan account at the above NPA figure along with 6% simple interest from 25.07.2014 till closure of the account in eight equal monthly installments.

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It is made clear that the amount deposited under installments shall be first adjusted towards the principal amount and the interest shall be calculated for the balance amount. It is

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Court of the Presiding Officer Debts Recovery Tribunal, Jaipur

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also directed that after the payment of complete amount, the original title deeds will be returned to both the owners of the property within 15 days of completing the full payment.

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There is one OA no. 144/2025 titled as Bank of Baroda Vs. Rinki Jain connected with this SA. Next date of hearing in that matter is 25.03.2026. the matter is proponed with consent and Registry is directed to list OA no. 144/2025 in today’s supplementary cause list.

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In view of the above directions, SA No. 41/2026 and OA no. 144/2025 stands disposed of, all pending IAs also stands disposed off, if any.

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Files be consigned to record as per rules. Copy of order be uploaded on website.

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(Vimal Gupta) Presiding Officer Debts Recovery Tribunal, Jaipur

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Bank of Baroda v. Rinki Jain

Case brief

What is this about?

What did the court decide?

Bank of Baroda v. Rinki Jain

Case brief

What is this about?

What did the court decide?

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