State Bank of India v. Mokksh
Case brief
What is this about?
Debts Recovery Tribunal allowed the applicant bank's original application for recovery of dues from three defendants who defaulted on an SME loan. The court directed joint and several payment of principal, interest, and costs.
What did the court decide?
Directing defendants to pay Rs.43,49,124/- along with interest and costs within 30 days; directing issuance of recovery certificate.
What the court decided
O.A. No. 62 of 2025
Debts Recovery Tribunal-I, Delhi 4th Floor, Jeevan Tara Building, Parliament Street, New Delhi
Presiding Officer: Shri Govind Ballabh Sharma
O.A. No.62 of 2025
| State Bank of India | |
|---|---|
| Stressed Asset Recovery Branch-II SBI House, 18/4,4thfloor, Arya Samaj Road, Karol Bagh |
|
| New Delhi-110005 | Applicant |
| Versus | |
| 1.M/s Mokksh Machines Pvt.Ltd. Unit Kh. No.6/19, 5/69, Ajit Vihar Delhi-110042 |
|
| Also at: | |
| F/F, AB Plot No.59, Kh. No.507 Shakti Enclave, Burari,, Delhi-110084 |
|
| 2.Ms Nikita Kumari F/F, AB Plot No.59,,Kh. No.507 Shakti Enclave, Burari, Delhi-110084 |
|
| 3. Sh.Ashish Kumar |
|
| F/F, AB Plot No.59, Kh. No.507 | |
| Shakti Enclave, Burari, Delhi-110084 | Defendants |
Present: Ms Harshit Gupta, Counsel for the applicant bank
Date of Reserve: 17.08.2026 Date of Pronouncement: 27.08.2026
FINAL ORDER
This original application has been filed by the applicant bank on 24.12.2024 through Ms.Anupanna, authorized representative of the applicant bank under Section 19 of
Issues for consideration
1 issue framed by the court
Whether the applicant bank is entitled to recover dues arising from default in repaying a sanctioned SME loan facility?
Parties & counsel
- applicant
State Bank of India
- respondent
M/s Mokksh Machines Pvt. Ltd.
- respondent
Ms Nikita Kumari
- respondent
Sh. Ashish Kumar
Coram
Case details
As recorded by the court registry
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