Allowed

Bank of Baroda v. Galenus Pharma Private Limited and Ors.

DRT7 May 2026OA/190/2025

Case brief

AI extract

What is this about?

The Tribunal allowed the ex-parte application by Bank of Baroda for recovery of dues totaling Rs. 42,22,895.41/- plus future interest from T. Glenius Pharma Private Limited and two other respondents, granting a recovery certificate and directing auction in case of default.

What did the court decide?

Debt determined; recovery certificate issued; recovery proceedings directed; defendants barred from alienating properties until dues are recovered.

Bank of Baroda versus Galenus Pharma Private Limited and Ors. — Banking and Recovery | DRT (2026)

¶1

BEFORE THE DEBTS RECOVERY TRtBUNAL.tIt XOLKATA

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pRESENT:- SRt ARBIND tTtADHAV

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PRESIDING OFFICER OF DRT.II KOLKATA

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ADDITIONAL CHARGE OF DRT.ttI KOLKATA

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O.A. No. 190 OF 2025

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DATE OF DELIVERY oF oRDER^,I 0710512026

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Bank of Baroda, a body Corporate duly constjtuted under the provisions of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, having its Head Office at Baroda Bhavan, R C Dutt Road, Alkapuri, earoda_390007, and havang its Branch Office at patk para Branch, 59A, B. T. Road, p.S- Chitpur, ;in_70OOO2 Kolkata, West Bengal, within the jurlsdicuon of this Ld. Tribunal.

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Applicant Bank.

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-Versus-

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G€lenus Pharma private Ltmited (CIN:- U333O9WB2O 10FfC216673), Reqister otftce at whrte House, 47t4N1, Mc cataen Rr"d, D;;;;l;lk"i-", ir-"#biirjl_zooo:o;

¶11

y::_llra^Cho-ydly.y, residing at 22,.S_choot Road, Nona Chandanpukur, Katianrbas, rJarrackpore, North 24 parganas, west eengat-zooizi; - -.-^*-""""" , ^

¶12

Mr. Aruit Ray choudhurv, restdino. at 22,. School Road, Nona Chandanpukur, Kalianibas, Barrackpore, North 24 pa;ganas, West Aenqat_jOtfZl-. - ".,-',.

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Defendants.

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Counsel for the Applicant Bank: -

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Rahul Sarkar, Advocate,

Set ex-parte on

30/04/2026

JUDGEMENT

The Appticant Bank fited the present O.A. betng No. 0.A./190/2025 on 26/02/2025 fot recovery of a total sum of Rs. 42,2L,8g5,41/- (Rupees forty two hfh twenty one thousand eight hundred nlnety five and paisa forty one only) from tt" O"funauno towards cash credrt and rerm Loan together wrth rnterest, cost and other usual rerrefs,

¶20

The Defendants are served with sum

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representation rrom the derendants, ;::.1::T::TI"i-iJllTjiJ; ll ffiffi: and heard ex-parte accordingly.

¶22

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The Applicant Bank examtned 14 docl srt sumit Kumar Jha, Branch Manaser marked as Exhibrt Annexure-A t" *a,ilT;iff:-tJ.

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Heard the Ld. Counsel fo. the Applcant Bank.

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t1,)

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Tft€ potnt that artses for consideration is :

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Whether the Applicant Bank is entitled to the ctatm made in the OA against the Defendants and OA schedule propertjes as prayed fo.?

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As stated supra, the Defendants r version of the o.A. o,oor,,""n, ,"niliH,ffi:iil:Jl :",.rH",li ;":::ff :l: documents vtz., Exhtblt Annexure-A to Exhlbit Annexure_D marked on behalf of the Applicant Bank, establjshed the clail of the Applicant Bank agalnst the Defendants and oA schedure properues. xence, l rota ttm to the App,jc6nt Banr tr,".r"r,,,,,lltilh;:"JiTilT::J,ll:ffi::#^{riabreto pay}

¶29

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In the resurt, the present orrgrnar Applcation is alowed ex-parte with costs, as underi-

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ORDER

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t"l;l;li,i'l}"i::::l:ltJ;r" *rricant Bank is arowed and debt is determined with cost oldered that appllcant bank is entltled to recover from

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the defendants the totar amo! to tn" tune of Rs 42'2L'8g5'41/- (Rupees forty two rakh

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twenty one thousand eight nr]nt ninety five and paisa forty one only) with pendentetite

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and future tnterest @ ,roo ,)""0 :ffi^{""Tff,:; ;: ff ; fl :#il :::";:;u:Hiilill":"} #:ffi Jff ,.l:

¶36

(2) Amount, if any, pald by the deF. the App,rcant ,-. ;;;;";;i:,"J: l:: :I:::i:::.;::T' irany, recovered by the exact amount of dues/debt oavar,ro r.., ;* ;^:^{-:,-*"rnto account} whlle arlving at ruture interest shar ," _,;;lJ:::",:J,:::il::::"" Accordinsry, pendenterte and

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(3) Defendants are debarred from (

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beronging to them tifl th" alienating or deallng with anv of the properties "for"."1i:p:"1n9' id decretal debt ls recovered from the defendants.

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(4) Defendants are gtven a Ume of t

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repaying of the above menuoneall ys from the date of the Judgement/Finat order for ollt'"o lntimated to them. [n case the defendants fait to

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pay the dues wtthin the above, l1:"T:H::T:ff iil:".::",iff^{il"T'::":::"Jff} "I[,X",:":#^j: asainst the derendan* r"^";;';l:".,"1"j:,H::,; :::ff.1;1,"r -, ",." ^.""0

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t";":r:l"""tj::':::"::"T,T:"""* drawn up bv Ld Reeistrar rorthwith in terms or aqalnst defendants in favour of the appricant bank

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under seclon ,r,rrl *,n" *".jte same for issuance of,n" a"n,ooal^t Debts and Bankruptcy Act, 1993 and put up the

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/-{6)^{Ld.RecoveryOfflce.} sha reE tl) derendants tn;:;;"":" ffi:I: the amount as per the Recovery cerificate from the

¶45

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(7) Ld Registrar of thrs Trrbunar rs drrected to derve. recovery cerrficate rn term of the finar order4udgement for recovery of the sum agalnst the defendant ln favour of the Applicant Bank under Secuon 19 (22) of the Recovery of Debts due to the Bank and Financial Insutuflons Act, 1993 now known as Recovery of Debts and Bankruptcy Act, 1993,

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(8) The parties are directed to appear before the Recovery ofricer on 15/05/2026 for further action ln accordance wtth law ln the event the enure amount is not pald by the said date.

¶48

the orternar Appficaflon beine o.A. No. lso or 2o2s rs aflowed and stands ]fl:lltll

¶49

copy of the JudgemenvFtnal Order loaded in the Tribunal! webslte. Fire is consigned to $,e n""o.a noorL"

¶50

I?Ji.;'ff :"f ff T?:lil:i,,'""f 3;,T.;""il'Jltr!,ssn"oano

¶51

Jsii,8ilf 3,ill?T"f ;,#-i*Iffi H

¶52

Kolkata D ebts^{Rec ow tYlr'!?::?t -''} (Jintinuation)

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c;;; lr.-a-n"' rgo tt zozs
"n"rgjr!!r!JifY4f49"
order pronounced (vide separate sheets)'
oldEr xq!9
o.o710512026
ln the result, o A No lgo of 2025 is
Recovery Certificate accordingly'
Presiding officer
nRT-2 Kolkata
ndditional Lnirge of DRT-3' Kolkata

Bank of Baroda v. Galenus Pharma Private Limited and Ors.

Case brief

What is this about?

What did the court decide?

Bank of Baroda v. Galenus Pharma Private Limited and Ors.

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

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