Allowed

Union Bank of India v. Suman Somnath Sanap

DRT24 Aug 2026OA/668/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the applicant bank's application to recover outstanding loan dues of Rs. 35,35,630 with future interest at 7% p.a. from the respondent borrowers. The court granted a charge on four mortgaged agricultural properties held by the respondents as security for the debt.

What did the court decide?

Decree for recovery of Rs. 35,35,630 plus future interest at 7% p.a.; charge granted on mortgaged properties; Recovery Certificate directed to be issued.

Union Bank of India versus Suman Somnath Sanap — Contract and Commercial Disputes | DRT (2026)

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Presented on: 31.10.2025 Registered on: 15.11.2025 Decided on: 24.08.2026 Duration: Y M D 00 09 24

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IN THE DEBTS RECOVERY TRIBUNAL AT AURANGABAD (Before Dr. J. R. Chauhan Presiding Officer) ORIGINAL APPLICATION No. 668/2025

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TOTAL CLAIM AMOUNT – Rs. 35,35,630/-

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Union Bank of India,

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(Erstwhile “Corporation Bank”) a Body Corporate

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constituted under the Banking companies (Acquisition and Transfer of Undertakings) Act, 1970 having its Registered office at 239, Vidhan Bhavan Marg, Nariman Point, Mumbai-400021 & having branches amongst the other places at Sangamner, Tq. Sangamner, Dist. Ahmednagar, Through its Authorized Person, Mr. Sandip Balasaheb Suryawanshi (Branch Manager), Age: 41 yrs., Occ.: Service, R/o.: Sangamner, Tq. Sangamner, Dist. Ahmednagar 422601.

… Applicant

(OA No.668/2025)

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[AMBADAS]

Versus

1. Mrs. Suman Somnath Sanap Age: Major, Occ.: Agri., R/o.: At Post Tisgaon Kavthe, Kamleshwar, Tq. Sangamner, Dist. Ahmednagar 422605.

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2. Mr. Macchindra Somnath Sanap

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Age: Major, Occ.: Agri., R/o.: At Post Tisgaon Kavthe, Kamleshwar, Tq. Sangamner, Dist. Ahmednagar 422605.

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3. Mr. Somnath Bhikaji Sanap

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Age: Major, Occ.: Agri., R/o.: At Post Tisgaon Kavthe, Kamleshwar, Tq. Sangamner, Dist. Ahmednagar 422605.

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4. Mr. Madhav Kacharu Sanap

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Age: Major, Occ.: Agri., R/o.: At Post Tisgaon Kavthe, Kamleshwar, Tq. Sangamner, Dist. Ahmednagar 422605.

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…Defendants

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APPEARANCES

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For the Applicant For Defendants

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Mr. K.D. Pande -Advocate Ex-parte

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JUDGMENT Delivered on 24.08.2026

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The Applicant Bank has filed the present application for the

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recovery of a sum of Rs. 35,35,630/- (Rupees Thirty Five Lacs,

(OA No.668/2025)

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[AMBADAS]

Thirty Five Thousand, Six Hundred and Thirty only), along with future interest from the date of filing of the Original Application, i.e., 31.10.2025, until the date of realization of the entire outstanding dues from the Defendants.

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Brief facts of the application are as under:

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The Applicant Bank states that the Defendant No. 1 to 3 approached and requested the Applicant Bank seeking financial assistance. Upon considering the request and financial needs of the Defendants, the Applicant Bank Sanctioned Term loan facility of Rs. 16,70,000/- vide sanction letter dated 26.02.2014 on certain terms and conditions. The agreed rate of interest for the aforesaid loan was @12.35% p.a. with half yearly rests. The Defendants also agreed to pay additional interest @2% by way of liquidated damages in the event of any default in repayment.

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In order to secure the aforesaid loan facilities, the Defendants executed various loan documents in favour of the Applicant Bank. These included sanction letter, registered mortgage deed bearing

(OA No.668/2025)

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[AMBADAS]

daybook No. 1815 dated 21.02.2014, letter of undertaking,

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demand promissory note, letter of continuity & hypothecation

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agreement. Etc., Additionally defendant No. 4 stood as guarantor

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for defendant No. 1 to 3 and executed deed of guarantee in favour of the Applicant Bank.

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The Applicant Bank further contends that, in order to secure the aforesaid loan facility, the Defendant No. 1 to 4 created first charge over their immovable property by executing registered mortgage deed bearing daybook No. 1815 dated 21.02.2014 in favour of the Applicant Bank. The mortgage was created in respect of the following properties-

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i) All that piece and parcel of Agricultural land admeasuring 1 H 00 R, P.K. 0 H 01 R, out of Gat No. 312/6, situated at village Tigaon, Tq. Sangamner, Dist. Ahmednagar, which is bounded as under:

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East: Gavthan, West: Road, South: Gat No. 313, North: Gat No. 306.

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ii) All that piece and parcel of Agricultural land admeasuring 1 H 00 R, out of Gat No. 312/4, situated at village Tigaon, Tq. Sangamner, Dist. Ahmednagar, which is bounded as under:

East: Gavthan,

(OA No.668/2025)

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[AMBADAS]

West: Road, South: Gat No. 313, North: Gat No. 306.

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iii) All that piece and parcel of Agricultural land admeasuring 0 H 66 R, P.K. out of Gat No. 146/4, situated at village Tigaon, Tq. Sangamner, Dist. Ahmednagar, which is bounded as under:

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East: Gat No. 143 to 145, West: Gat No. 222, South: Gat No. 129 to 134, North: Gat No. 147.

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iv) All that piece and parcel of Agricultural land admeasuring 0 H 66 R, P.K. 0 H 01 R, out of Gat No. 146/2, situated at village Tigaon, Tq. Sangamner, Dist. Ahmednagar, which is bounded as under:

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East: Gat No. 143 to 145, West: Gat No. 222, South: Gat No. 129 to 134, North: Gat No. 147.

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The applicant bank contended that the defendants have failed to keep their promise and commitments agreed by them with regard to due repayment of the loan amount. The defendants failed to operate the loan account properly and failed to pay the agreed rate of interest as per terms and conditions of the sanction letter. Thereafter, the applicant bank repeatedly made demand of loan

(OA No.668/2025)

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[AMBADAS]

amount and called upon the defendants to pay with the agreed rate of interest thereon, but the defendants failed and neglected to pay the same. The loan account of the defendants became irregular and classified as NPA on 31.01.2018. Therefore, on 18.09.2025 the applicant bank issued legal notice to the defendants through their advocate. Despite service of Notices, the defendants failed and neglected to repay the outstanding dues of the applicant Bank. Hence, this application is filed.

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The defendants failed to appear in matter though they were served through RPAD. Hence, the defendants were proceeded exparte as per Order dated 08.07.2026.

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The applicant Bank has filed Claim Affidavit of evidence at Exhibit-4 of Sandip Balasaheb Suryawanshi, Branch Manager of the applicant Bank, and has produced on record the original loan transaction documents as Exhibit A-1 to A-11 along with list of documents Exh.5 which corroborates the case of the applicant Bank.

(OA No.668/2025)

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[AMBADAS]

I have heard arguments of the learned Advocate for the applicant Bank.

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Since the defendants failed to appear and did not contest the application, I find no reason to disbelieve the unrebutted evidence of the applicant Bank. Therefore, the applicant Bank is entitled for the reliefs as claimed.

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The applicant Bank has claimed charge over immovable properties of the borrowers which are mortgaged in favour of the applicant bank.

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The applicant Bank has claimed future interest @ 12.50% p. a. on term loan from the date of filing i.e. 31.10.2025 of this application till realization of the claim amount. However, considering the facts of the case, I am of the opinion that if future interest is granted @ 7% per annum (simple), it would be just and reasonable rate of interest.

(OA No.668/2025)

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[AMBADAS]

ORDER

(A) Original Application No. 668/2025 is allowed with costs.

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(B) The defendants shall pay jointly and severally to the applicant Bank a sum of Rs. 35,35,630/- (Rupees Thirty Five Lacs, Thirty Five Thousand, Six Hundred and Thirty only), along with future interest @ 7% per annum (simple) from the date of filing of the Original Application i.e. 31.10.2025 till full payment/realization of the amount mentioned in this operative order.

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(C) The aforesaid adjudicated amount is secured by the mortgage of the following immovable properties vide documents at Exh. A-6 in list of documents Exh. 5.

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i) All that piece and parcel of Agricultural land admeasuring 1 H 00 R, P.K. 0 H 01 R, out of Gat No. 312/6, situated at village Tigaon, Tq. Sangamner, Dist. Ahmednagar, which is bounded as under:

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East: Gavthan, West: Road, South: Gat No. 313, North: Gat No. 306.

(OA No.668/2025)

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[AMBADAS]

ii) All that piece and parcel of Agricultural land admeasuring 1 H 00 R, out of Gat No. 312/4, situated at village Tigaon, Tq. Sangamner, Dist. Ahmednagar, which is bounded as under:

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East: Gavthan, West: Road, South: Gat No. 313, North: Gat No. 306.

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iii) All that piece and parcel of Agricultural land admeasuring 0 H 66 R, P.K. out of Gat No. 146/4, situated at village Tigaon, Tq. Sangamner, Dist. Ahmednagar, which is bounded as under:

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East: Gat No. 143 to 145, West: Gat No. 222, South: Gat No. 129 to 134, North: Gat No. 147.

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iv) All that piece and parcel of Agricultural land admeasuring 0 H 66 R, P.K. 0 H 01 R, out of Gat No. 146/2, situated at village Tigaon, Tq. Sangamner, Dist. Ahmednagar, which is bounded as under:

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East: Gat No. 143 to 145, West: Gat No. 222, South: Gat No. 129 to 134, North: Gat No. 147.

(OA No.668/2025)

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[AMBADAS]

(D) The applicant Bank is entitled to sell the mortgaged immovable properties and Hypothecated Articles / Good etc., to recover its dues.

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(E) Issue Recovery Certificate accordingly.

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(F) The Registrar is directed to send the copy of the Judgment and Recovery Certificate to the applicant and defendants.

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(G) File be consigned to the record room.

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Sd/-

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Pronounced in open court. (Dr. J. R. Chauhan) Place: Aurangabad Presiding Officer Date:.24.08.2026 Debts Recovery Tribunal, Aurangabad

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(OA No.668/2025)

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Page 10 of 10

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[AMBADAS]

Union Bank of India v. Suman Somnath Sanap

Case brief

What is this about?

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Union Bank of India v. Suman Somnath Sanap

Case brief

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