Allowed

Mohd Mujeeb Khan v. State Bank of India

DRT16 Jul 2026SA/708/2025

Case brief

AI extract

What is this about?

The Recovery Tribunal directed the applicant to repay the outstanding loan amount in three instalments of Rs. 15 Lacs within specified dates. The applicant shall not face coercive action if these directions are complied with. The application was disposed of based on these directions.

What did the court decide?

Repayment of loan amount in installments of Rs. 15 Lacs by August 2026, pending which no coercive action allowed.

Mohd Mujeeb Khan versus State Bank of India — Banking and Recovery | DRT (2026)

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ORDER SHEET page No...,...,.

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il IiTtTS RECOVERY TRIBUNAL, JABALPUR

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S.A. No.708 of 2025

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Mohd. Mujeeb Khan Vs State Bank of Iridia Uate: 1,6,07,2026 Sur ii:l No.01

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Called out, Ld Counsel for the parties has appeared through Videcr Conferencing.

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L-,-1. Counsel for the applicant has argued that the applicant is r<,r,-1;' to repay the borrowed money as whole as per notice ,under j*rr-ir-rr.r 13(2) of the s.A.R.F.A.E.s.I. Act, 2002, the amount is due ;rg:inst the applicant ls Rs.50,36,2s5/- as on 31.0g.2023. Ld. ci;i-rrrsei for the Respondent Bank has also stated that today sum of iis C2t,95,000/- is due against the applicant.

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"l-he applicant is directed to repay Rs.15.00Lacs (Rupees Fifteen Lacs orrly) within one week i.e. on or before 23.ol.2026 and again Rs.15.00Lacs (Rupees Fifteen Lacs only) on or before 24.0g.2026 as ',)',: "-);i.2026^{& 23.08.2026shall be holidays.Thereafter, again} rc,-,'"sir Rs.15.O0lacs (Rupees Fifteen Lacs only) on or before -,j,Us.2026 and rest of the amount shall repay on or before 7 ).1{)i.2026.

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'l"he amount deposited by the applicant shall be against the crrirrur-rI of Non-Performing Assets first. The respondent bank shall rror edjust the amount in interest or any other charges etc. till cornplete deposition of NpA amount.

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'l-he Respondent Bank shall provide whole of the calculations to riie aiririicant for repayment in appropriate manner up to today.

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iF rhe applicant shall repay the amount as per direction of the -lrir-,uri.ii, the Respondent Bank shall not take any coercive action ac;,,:irrst the applicant in relation to the physical possession, auction saic trii the date fix and shall ngt be entiiled to charge any inleresp .;rl-*'l tr-.rJa/.

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tr che Applicant shall not deposit the amount as per direction of tt're Tribunal, the order passed by the Tribunal shall have no force anil iiespondent Bank shall be free to take action against the

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ORDER SHEET Page No,.,,,!!,

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I) lrl tlTS RECOVERY TRIBUNAL, JABALPUR

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S.A. No.708 of 2025

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Mohd. Mujeeb Khan Vs State Bank of India

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r;:plicant under S.A.R.F.A.E,S.I. Act as well as RDDB Act in accorclance with law and norms of the bank.

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l-his order shall not come in the way of settlement, if parties wanl to settle the matter, may settle as stated by Ld. counsel for Applicant that Respondent Bank. is ready to settle the matter bt the arnount of Rs.55.0olacs. Even though Ld. counsel for the Responcjent Bank has stated tl,ul he has not received any in{orrnation regarding this,

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Aiter considering whole of the situation of this matter, there is ri,: nced to pending this securitization application further and liable io ire disposed off. Hence disposed off in the light of above directions and oi:servations.

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Ali irrrerim applications are also disposed off accordingly.

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l"{ecord be consigned.

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'-/,

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(Umesh kumar Sharma) Presiding Officer DRT, Jabalpur, Addl. Charge

Mohd Mujeeb Khan v. State Bank of India

Case brief

What is this about?

What did the court decide?

Mohd Mujeeb Khan v. State Bank of India

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

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