Allowed

Union Bank of India v. Mr. Govind Waman Turkunde

DRT12 Mar 2026OA/910/2024

Case brief

AI extract

What is this about?

The tribunal allowed the debtors recovery application by Union Bank of India for outstanding agricultural and crop loans. The bank's claim was aided due to default and non-appearance of defendants, resulting in a decree for principal and future interest with a charge over mortgaged land.

What did the court decide?

Defendants to jointly and severally pay Rs. 34,45,418/- with future interest at 7% p.a. simple and the mortgage properties to be secured.

Union Bank of India versus Mr. Govind Waman Turkunde — Contract and Commercial Disputes | DRT (2026)

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Presented on: 22.11.2024 Registered on: 12.12.2024 Decided on: 12.03.2026 Duration: Y M D 01 03 20

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IN THE DEBTS RECOVERY TRIBUNAL AT AURANGABAD (Before Dr. J. R. Chauhan Presiding Officer) ORIGINAL APPLICATION No. 910/2024

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TOTAL CLAIM AMOUNT – Rs. 34,45,418/-

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Union Bank of India,

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A Body Corporate constituted under the Banking companies (Acquisition & 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 Main Branch, Rashin, Tq. Karjat, Dist. Ahmednagar through its Authorized Person, Mr. Harish Anil Raut (Branch Manager), Age: 34 yrs., Occ.: Service, R/o. Rashin, Tq. Karjat, Dist. Ahmednagar 413710

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… Applicant

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Versus

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1. Mr. Govind Waman Turkunde, Age: Major, Occ.: Agri. R/o.: At Post Talwadi Rashin, Tq. Karjat, Dist. Ahmednagar, 414403.

(OA No.910/2024)

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[AMBADAS]

2. Mr. Pandurang Sopan Gavali, Age: Major, Occ.: Agri. R/o.: At Baradgaon Dagdi, Post Rashin, Tq. Karjat, Dist. Ahmednagar, 414403.

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3. Mr. Chandrakant Maruti Mohite,

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Age: Major, Occ.: Agri. R/o.: At Baradgaon Dagdi, Post Rashin, Tq. Karjat, Dist. Ahmednagar, 414403.

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…Defendants

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APPEARANCES

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

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For the Applicant For Defendants

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JUDGMENT

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Delivered on 12.03.2026

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The Applicant Bank has filed the present application for the recovery of a sum of Rs. 34,45,418/- (Rupees Thirty Four Lacs, Forty Five Thousand, Four Hundred and Eighteen only), along with future interest from the date of filing of the Original Application, i.e., 22.11.2024, 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:

(OA No.910/2024)

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[AMBADAS]

The Applicant Bank states that the Defendant No. 1 approached and requested the Applicant Bank for Agri. Term Loan Facility & Crop Loan Facility. Upon considering the request and financial needs of the Defendant, the Applicant Bank sanctioned Agri. Term loan facility of Rs. 15,00,000/- & Crop Loan Facility of Rs. 7,00,000/- vide sanction letter dated 05.07.2018 on certain terms and conditions. The agreed rate of interest for the aforesaid loans was @11.10% p.a. & @7% p.a. respectively 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 Defendant executed various loan documents in favour of the Applicant Bank. These included sanction letter, Declaration (Annusuchi) u/s. 5(1) of The Maharashtra Provision of Facilities for Agriculture Credit by Banks Act, 1974 dated 27.06.2018, letter of undertaking, demand promissory note, & hypothecation agreement.

(OA No.910/2024)

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[AMBADAS]

Additionally defendant No. 2 & 3 stood as guarantors for defendant No. 1 and executed deed of guarantee on 05.07.2018 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 Declaration (Annusuchi) u/s. 5(1) of The Maharashtra Provision of Facilities for Agriculture Credit by Banks Act, 1974 dated 27.06.2018 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 2 H 37 R, P.K. 0 H 24 R, out of Gut No. 5, situated at Village Talwadi, Tq. Karjat, Dist. Ahmednagar., which is bounded as under.

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East: Gut No. 25, West: Gut No. 6, South: Gut No. 2 to 4, North: Gut No. 22.

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ii) All that piece and parcel of Agricultural land admeasuring 0 H 80 R, P.K. 0 H 05 R, out of Gut No. 80, situated at Village Talwadi, Tq. Karjat, Dist. Ahmednagar., which is bounded as under. East: Gut No. 78, West: Gut No. 82, South: Gut No. 81, North: Gut No. 89, 76.

(OA No.910/2024)

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[AMBADAS]

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 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 31.03.2023. Therefore, on 08.11.2024 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 15.12.2025.

(OA No.910/2024)

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[AMBADAS]

The applicant Bank has filed Claim Affidavit of evidence at Exhibit-4 of Harish Anil Raut, Branch Manager of the applicant Bank, and has produced on record the original loan transaction documents as Exh. A-1 to A-27 along with list of documents Exh.5 which corroborates the case of the applicant Bank.

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

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Since the defendants failed to appear and 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 @12.75% p. a. from the date of filing i.e. 22.11.2024 of this application till realization of the claim amount. However, considering the facts of

(OA No.910/2024)

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[AMBADAS]

the case, I am of the opinion that if future interest is granted @ 7% per annum (simple) on outstanding amount, it would be just

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and reasonable rate of interest.

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ORDER

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(A) Original Application No. 910/2024 is allowed with

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costs.

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(B) The defendants shall pay jointly and severally to the applicant Bank a sum of Rs. 34,45,418/- (Rupees Thirty Four Lacs, Forty Five Thousand, Four Hundred and Eighteen only), along with future interest @ 7% per annum (simple) from the date of filing of the O.A. i.e. 12.02.2024 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 Declaration (Annusuchi) u/s. 5(1) of The Maharashtra Provision of Facilities for Agriculture Credit by Banks

(OA No.910/2024)

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[AMBADAS]

Act, 1974 dated 27.06.2018 at Exh. A-19 & A-20 in list of documents Exh. 5.

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i) All that piece and parcel of Agricultural land admeasuring 2 H 37 R, P.K. 0 H 24 R, out of Gut No. 5, situated at Village Talwadi, Tq. Karjat, Dist. Ahmednagar., which is bounded as under. East: Gut No. 25, West: Gut No. 6, South: Gut No. 2 to 4, North: Gut No. 22.

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(D) The applicant Bank is entitled to sell the mortgaged immovable properties and hypothecated articles/goods etc., to recover its dues.

(OA No.910/2024)

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[AMBADAS]

(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:.12.03.2026 Debts Recovery Tribunal, Aurangabad

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(OA No.910/2024)

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[AMBADAS]

Union Bank of India v. Mr. Govind Waman Turkunde

Case brief

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Union Bank of India v. Mr. Govind Waman Turkunde

Case brief

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