Bank of Baroda v. Surekha
Case brief
What is this about?
The Debts Recovery Tribunal allowed the bank's application ex-parte for recovery of dues including principal, interest, and costs against a sole proprietor who failed to repay loan facilities sanctioned under the Stand-up India scheme despite having acknowledged liability earlier.
What did the court decide?
Directed recovery of Rs. 35,74,454.77 plus future interest and costs from the defendant, authorizing sale of hypothecated stocks, book debts, and movable properties.
What the court decided
O.A. No. 2 of 2024
Debts Recovery Tribunal-I, Delhi 4th floor, Jeevan Tara Building, Parliament Street, New Delhi
Presiding Officer: Shri Govind Ballabh Sharma
O.A. No.2 of 2024
ank of Baroda -83, Near Mayur Public School atparganj, Delhi-110092 Applicant
ersus
rs.Surekha Goyal w/o Mr. Vijay Kumar Goyal roprietress M/s Surekha Goyal Trading Co /2369, Gali no.4, Ram Nagar handara, Delhi-110032
Iso at:
rs.Surekha Goyal w/o Mr. Vijay Kumar Goyal /2350, Gali no.4, Shanti building am Nagar, Shandara, Delhi-110032 Defendant 0 resent: Ms. Shreya Gupta, Counsel for the applicant bank Date of Reserve: 13.02.2026 Date of Pronouncement: 26.02.2026
FINAL ORDER
This original application has been filed by the applicant ank on 29.12.2023 through Sh.Devendra Upreti, authorized -presentative of the applicant bank under Section 19 of ecovery of Debts and Bankruptcy Act, 1993 against the efendant for recovery of Rs.35,74,454.77 (Rupees Thirty Five acs Seventy Four Thousand Four Hundred Fifty Four and Paisa eventy Seven only) as on 26.12.2023, out of which s.34,18,920.76 alongwith pendentelite and future interest 12.35% per annum with monthly rests in cash credit account nd Rs.1,55,534.01 @12.60% per annum with monthly rests sd-
Issues for consideration
3 issues framed by the court
Whether the applicant bank is entitled to recover the outstanding dues including interest and costs from the defaulting borrower.
Whether the original application filed under Section 19 of the Recovery of Debts and Bankruptcy Act deserves to be allowed ex-parte.
Whether the defendant is liable to pay the specified sum within 30 days as ordered by the Tribunal.
Parties & counsel
- applicant
Bank of Baroda
- respondent
Smt. Surekha Goyal
Coram
Shri Govind Ballabh Sharma
Case details
As recorded by the court registry
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