Allowed

Punjab National Bank v. Murari

DRT7 Feb 2026OA/619/2023

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an original filing by Punjab National Bank for recovery of a defaulted loan and interest against a defendant who appeared as a fraud, ordering payment within 30 days and issuance of a recovery certificate.

What did the court decide?

Recovery of Rs. 28,87,175/- plus interest and costs to be made within 30 days via issuance of recovery certificate for attachment of assets.

Punjab National Bank versus Murari — Banking and Recovery | DRT (2026)

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O.A. No.619 of 2023

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Debts Recovery Tribunal-I, Delhi 4th floor, Jeevan Tara Building, Parliament Street, New Delhi

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Presiding Officer: Shri Govind Ballabh Sharma

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O.A. no. 619 of 2023

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Punjab National Bank Circle Sastra Centre West Delhi 2nd Floor, Vikrant Tower, Rajendra Place, New Delhi-110008 Applicant

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Versus

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Sh. Murari Lal s/o Hulsi Ram R/o B-143/A/B, B Block Ambedkar Vihar, Johari Vihar, Gokal Pur, Delhi-110094

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Defendant

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Present: Shri Ravinder Gupta, Counsel for the applicant bank

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Date of Reserve: 21.01.2026

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Date of Pronouncement: 07.02.2026

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FINAL ORDER

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This original application has been filed by the applicant bank on 01.06.2023 through Shri Arpit Taneja, authorized representative of the applicant bank under Section 19 of Recovery of Debts Due to Banks and Financial Institutions Act, 1993 against the defendant for recovery of a sum of Rs.28,87,175/- (Rupees Twenty Eight Lacs Eighty Seven Thousand One Hundred Seventy Five only) as on 30.04.2023 along with pendentelite and future interest @11.85% per annum with monthly rest from 30.04.2023 till the date of realization and costs.

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O.A. No.619 of 2023

The brief facts of the case are that on the request of defendant vide loan application with KYC documents, the applicant bank sanctioned Demand Loan for Rs.25,00,000/(Rupees Twenty Five Lacs only) on 18.07.2020 against Kisan Vikas Patra valued Rs.40.00 lacs, which was disbursed through Combo Transfer Voucher on 18.07.2020.

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That in order to avail the loan facility, the defendant submitted loan application with KYC documents and executed various loan documents (partially filled), Promissory Note, Agreement for Loan / Cash Credit / Overdraft duly stamped and two blank cheque bearing no.559853 and 559854 in favour of applicant bank.

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The applicant bank sent letter to concerned Post Office for verification of K/Ps on 14.07.2020 which was duly returned confirming name of borrower as purchaser of Kisan Vikas Patra on 17.07.2020. The account was reported as Fraud on 05.10.2020 and reported by Fraud Monitoring Returned dated 06.10.2020 by the applicant bank. The applicant bank classified the account as NPA on 23.05.2021 and issued legal notice to the defendant on 07.07.2021 mentioning KW deposited by the defendant were not genuine i.e. fake and fabricated and also lodged complaint before Economic Offence Wing of Delhi Police against the defendant on 23.01.2023 but defendant failed to clear the dues, hence the applicant bank has approached this Tribunal for recovery of their dues.

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Notices of this O.A. were issued to the defendant and despite of proper service, the defendant has chosen to absent from the proceedings. As per order dated 26.03.2025, the defendant has been proceeded ex-parte as not appeared

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O.A. No.619 of 2023

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before the Tribunal nor written statement, evidence and affidavit of assets have been filed.

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In order to prove its case, the applicant bank has filed its evidence by way of affidavit of Shri Arpit Taneja, authorized representative of the applicant bank who has proved the documents such as Power of Attorney Ex.AW-1/1, Letter to Post Office and Returning Ex.AW-1/2, Sanction Confirmation Ex.AW-1/3, Additional Information with KYC Ex.AW-1/4(Colly), Promissory Note Ex.AW-1/5, Agreement for Loan Ex.AW-1/6 Blank Cheques Ex.AW-1/7(Colly), Combo Transfer Voucher Ex.AW-1/8„ Copy of Fraud Monitoring Return Ex.AW-1/9, Legal Notice with Copy of Whats App & Speed Post Ex.AW1/10(Colly), Complaint before Economic Offence Wing Ex.AW1/11, Certified Statement of Account including Certified of Accrued Interest but Undebited Interest Ex.AW-1/12.

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The case filed by the applicant bank gone unrebutted and there is no question of disbelieving the case of the applicant bank and the applicant bank has proved its case beyond reasonable doubts

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In the light of the above discussions, the Original Application deserves to be allowed.

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ORDER

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I, allow this OA and direct the defendant to pay to the applicant bank within a period of 30 days, a sum of Rs.28,87,175/- (Rupees Twenty Eight Lacs Eighty Seven Thousand One Hundred Seventy Five only) as on 30.04.2023 along with pendentelite and future interest @11.85% per annum with monthly rest from 01.05.2023 till the date of

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O.A. No.619 of 2023

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realization and costs, failing which the aforesaid amount shall be recovered from sale of movable and immovable properties of the defendant.

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(II) The recovery certificate be issued forthwith and be sent to the Recovery Officer, Debt Recovery Tribunal-I, Delhi.

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(III) Parties are directed to appear before the Recovery Officer, DRT I, Delhi on 08.04.2026.

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(IV) Copies of final order as well as Recovery Certificate be sent to all concerned free of cost. Sd-

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(GOVIND BALLABWSHAMWAi PRESIDING OFFICER DRT-I, DELHI

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(Dictated and pronounced in open court) Dated: 07.02.2026

Punjab National Bank v. Murari

Case brief

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Punjab National Bank v. Murari

Case brief

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