The Tribunal allowed the bank's original application for recovery of a housing loan default. Directed respondents to pay principal and interest, or forfeit the mortgaged flat through a sale certificate issued to the Recovery Officer.
Direct payment of Rs.35,77,060/- plus interest to be recovered via sale of mortgaged flat and subsequent properties.
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T.A. No.2757 of 2022
Debts Recovery Tribunal-I, Delhi 4th floor, Jeevan Tara Building, Parliament Street, New Delhi
Presiding Officer: Shri Govind Ballabh Sharma
T.A. No. 2757 of 2022
Union Bank of India
(e-Corporation Bank) Nutan Vidya Mandir
GTB Enclave, Dilshad Garden New Delhi-110093
Applicant
Versus
Also at:
Plot No.8, Sector PI, Greater Noida, G.B.Nagar, UP
Also at:
Group of IEC, M-92, Connaught Place New Delhi-110001 Defendants
Present: Ms. Ekta Chaudhary, Counsel for the applicant bank
Date of Reserve: 21.04.2026
Date of Pronouncement: 27.04.2026
FINAL ORDER
This original application has been filed by the applicant bank on before DRT-III, Delhi on 12.09.2018 and then
s'd -
T.A. No.2757 of 2022
transferred to DRT-I Delhi under Section 19 of Recovery of Debts and Bankruptcy Act, 1993 against the defendants for recovery of Rs.35,77,060/- (Rupees Thirty Five Lacs Seventy Seven Thousand and Sixty only) as on 01.09.2018 along with pendentelite and future interest @9.65% per annum with monthly rests from date of filing of this application till the date of its realization and costs.
T.A. No.2757 of 2022
T.A. No.2757 of 2022
ORDER
I, allow this OA and direct the defendants to pay to the applicant bank, jointly or severally, within a period of 30 days, a sum of Rs.35,77,060/- (Rupees Thirty Five Lacs Seventy Seven Thousand Sixty only) as on 01.09.2018 along with pendentelite and future interest @9.65% per annum with monthly rests from the date of filing this application till its realization with costs, failing which the aforesaid amount shall be recovered from the sale of mortgaged flat bearing No.3134, 13th Floor, Tower 3, measuring 1019 sq. ft., 'WHITE HOUSE' situated Plot no.08, Sector PI, Greater Noida, DistrictG.B.Nagar, UP. In case of shortfall, the same shall be recovered from the sale of movable and immovable properties of the defendants.
(II) The recovery certificate be issued forthwith and be sent to the Recovery Officer, Debt Recovery Tribunal-I, Delhi.
A
T.A. No.2757 of 2022
(III) Parties are directed to appear before Recovery Officer, DRT I, Delhi on 29.06.2026.
(IV) Copies of final order as well as Recovery Certificate be sent to all concerned free of cost.
Sd— (GOVIND BALBEJARMA) PRESIDING OFFICER DRT-I, DELHI
(Dictated and pronounced in open court) Dated: 27.04.2026
2 issues framed by the court
Whether the Original Application filed by the bank for recovery of dues deserves to be allowed.
Whether the defendants are liable to pay the outstanding amount along with interest and costs.
2 provisions across 1 enactments
Union Bank of India
Mr. Rajendra Kumar
Mrs. Soniya Sharma
M/s Vocational Educational Foundation
Govind Ballabh Sharma
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
