Allowed

Canara Bank v. M/s S. S. Constructions a Proprietory Concern through Its Proprietor Shri Sushant Bandu Selokar

DRT28 Jan 2026OA/253/2024

Case brief

AI extract

What is this about?

Allowed an original application under Section 19 RDB Act for recovery of a cash credit loan. held that the defendants, being ex-parte, were liable to pay the principal amount along with future interest and costs, and a recovery certificate was issued.

What did the court decide?

Recovery Certificate issued directing payment of Rs. 21,49,939.78 plus future interest and costs, with charge on hypothecated property.

Canara Bank versus M/s S. S. Constructions a Proprietory… — Execution and Attachment | DRT (2026)

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Page 1 of 4 O.A. No. 253/2024

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PRESENTED ON : 12.07.2024 REGISTERED ON : 12.08.2024

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Exh. No. 12

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BEFORE THE PO, DEBTS RECOVERY TRIBUNAL, NAGPUR

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Delivered by Pankaj Kumar

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O.A. No. 253/2024

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: Applicant

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Canara Bank

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A body corporate established under Banking Companies (Acquisition and Transfer of Undertaking) Act, 1970 (Act No. V of 1970), having its regional office at First Floor, Chandak Bhawan, North Ambazari Road, Shankar Nagar Square, Nagpur – 440 010

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having its branch at Besa, Mane Tower, Opposite Jayanti Nagari 7, Besa, Nagpur – 440 037 IFS Code : CNRB0015275 Email : [email protected]

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Acting through its one of the officer i.e. Ms. Monali Satish Kadwe

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Mobile No. 7709140302

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who is having authority to sign and file the present OA and also act and represent the bank.

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Versus

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1. M/s. S. S. Constructions : Defendants

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A proprietory concern through its proprietor

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Shri Sushant Bandu Selokar,

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Aged about : 34 Years, Occupation : Business

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Page 2 of 4 O.A. No. 253/2024

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Plot No. 59, Vidya Nagar, Wathoda Layout, Near Anand Kirana Stores, Hanuman Nagar, Nagpur – 440 009 PAN : FFFPS2448H Also at : Shop No. 2, Bawla Complex, First Floor, Ward No. 3, Butibori, Dist. Nagpur – 441 108

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2. Shri Sushant Bandu Selokar,

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Aged about : 34 Years, Occupation : Business Plot No. 59, Vidya Nagar, Wathoda Layout, Near Anand Kirana Stores, Hanuman Nagar, Nagpur – 440 009 PAN : FFFPS2448H Also at : Shop No. 2, Bawla Complex, First Floor, Ward No. 3, Butibori, Dist. Nagpur – 441 108

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Learned Counsels for Applicant	Adv. S. N. Kumar
	Adv. P. P. Joshi
Defendants Set Exparte On	17.04.2025

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JUDGMENT

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(Delivered on 28^th Day of January, 2026)

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This is an application filed by the applicant U/s 19 of RDB Act, 1993 against defendants for recovery of aggregate amount of Rs. 21,49,939.78/outstanding in Cash Credit Loan Account No.

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Page 3 of 4 O.A. No. 253/2024

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125002821555 with costs and future interest @11.25% p.a. with monthly rests from the date of filing of O.A. till the date of realization .

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Though, defendant nos. 1 & 2 were duly served with the suit summons vide Exh. 6 to 9, they failed to cause appearance before this Tribunal to defend their case despite granting several adjournments. Hence, the proceeding against defendant nos. 1 & 2 was set exparte on 17.04.2025.

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The applicant has filed its Claim Affidavit (Exh. 10) alongwith List of Documents (Exh. 11), annexing therewith 6 documents. The original documents therein are marked as Exh. AW-1/1 to AW-1/4. It has been stated in the O.A. as well as in Claim Affidavit that no penal interest has been applied in the loan account.

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Heard Learned counsel for the applicant.

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As stated supra, defendants remained exparte. The Evidence Affidavit coupled with the recitals in the documents viz. Exh. AW -1/1 to AW-1/4 marked on behalf of the applicant, clinches the claim of the applicant against defendants. There is no reason to disbelieve the evidence adduced on behalf of applicant. Hence, defendants are liable to pay, jointly and severally, the claim of the applicant with costs and future interest.

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Hence, it is ordered as under:-

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ORDER

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Page 4 of 4 O.A. No. 253/2024

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A] O.A. No. 253/2024 is allowed to the extent as under with costs.

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B] Defendants to pay jointly and severally to the applicant bank an amount of Rs. 21,49,939.78/- (Rupees Twenty One Lakh Forty Nine Thousand Nine Hundred Thirty Nine and Paise Seventy Eight Only) outstanding in Cash Credit Loan Account No. 125002821555 with simple future interest @9% p.a. from the date of filing of O.A. till its realization.

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C] It is declared that charge of outstanding dues is kept on hypothecated property of defendant no. 1 as described in Schedule-I annexed to O.A. and as referred in Exh. AW-1/2 & AW-1/3.

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D] Issue Recovery Certificate accordingly.

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E] The Registrar is directed to send the copy of Judgment and Recovery Certificate to the parties to this O.A at once.

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Nagpur

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Date: 28.01.2026

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(Pankaj Kumar) Presiding Officer Debts Recovery Tribunal Nagpur

Canara Bank v. M/s S. S. Constructions a Proprietory Concern through Its Proprietor Shri Sushant Bandu Selokar

Case brief

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Canara Bank v. M/s S. S. Constructions a Proprietory Concern through Its Proprietor Shri Sushant Bandu Selokar

Case brief

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