Allowed

Central Bank of India v. M/S Singh Engineering Company

DRT25 Mar 2026TA/634/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the applicant bank's original application for recovery of a loan defaulting of approximately Rs. 2.36 crore. The order directed respondents to pay the principal, cost, and interest within 30 days or face recovery through the sale of mortgaged and personal assets.

What did the court decide?

Direct respondents to pay Rs. 2,36,22,243 along with interest @ 13.25% and costs within 30 days; recover from sale of mortgaged property on default.

Central Bank of India versus M/S Singh Engineering… — Contract and Commercial Disputes | DRT (2026)

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Beforc SUSHIL KUMAR RASTOGI,^{Prcsiding Officer} Debts Recovety Tribunal-Il,^Delhi

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TA No.634 OF 2022

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CENTRAL BANK OF INDIA^{VS M/S SINGHENGINEERING} co. & oRs

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Reserued on : 09.03.2026

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Pronounced on : 25.O3.2026

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Central Bank of^India

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-Applicant bank

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Vs.

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M/s Singh Engineering^ComPanY

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Shri. Bikram Singh

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Defendants

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Present: Mr. Ambuj Tiwari,^{Counselappears for} applicant bank. Deiendants are^{expafte since 03.05.2019'}

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FINAL ORDER

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Thisoriginalapplicationhasbeenfiledbythe applicant bank,^{on 03.07 .2017 through Mr. chauhan} vinod Kumar,^{chief Manager of the applicantbank,} under Section^{19 of the RDB Act, 1993 against the} defendants^{for recoveryof a sum of Rs.2,36,22,2431-} together with^{cost, charges and pendentelliteand} future interest @L4.7o/o^{from date of filing of this O'A'} till the realization^{in full.}

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The brief^{facts of the caseare that at the request} of the defendant^{no.l i.e., principal borrower through} its proprietor,^{defendant no.2, the applicantbank} sanctioned an^{OD Loan Facility undercent moftgage} scheme of the^{bank of Rs.1,80,00,0001-,vide sanction} letter dated^{26.08.2013. The defendants executed all} necessry loaning^{documents on 26.08.2013.It is} -atr

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TA NO. 634 of 2022

submitted that in order to^{secure the facility duly} availed by the defendant's^{equitablemoftgage was} created in favor of^{the applicantbank by deposit of} original title deeds in^{respect to residential property} bearing no.4lCl3,^{Block No.3, Situated at Old Rajender} Nagar, New Delhi-110060^{ownedby Mr. Bikram Singh/} defendant no.2.

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It is^{further submitted that the defendants} enjoyed and^{utilizedthe Loan facilities, but failed to} maintain the^{financial discipline and failed to repay the} due amounts.^{The applicantbank requested the} defendants^{to regularize the loan accountby visits and} letters, but there^{was no response from the} defendants.^{The applicant bank served a demand} notice dated^{04.07.2016to the defendants but failed to} recover the^{same. Thus, the present O'A'fI'A' is} preferred by the applicant^{bank to recover its dues.}

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on notice^{by this Tribunal, defendants failed to} put appearance at all,^{despite publication. Accordingly,} the defendants^{were proceeded againstexparte on} 03.0s.2019.

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The^{applicant bank has filed evidenceby way of} affidavitofMr.GajendraSinghChouhan'Chief Manager of^{the applicant bank as Annexure A-1 to} Annexur e^{A-7 along with the oA, which have gone} unchallenged^{and un-rebutted.Hence, the case of the} applicant^{bank standsfully established against the} defendants^{with respectto nonpaymentof outstanding} amount. €^

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TA NO. 634 of 2022

After^perusing the^{records, this Tribunalis of the} view that the applicant bank^{has provedits case} beyond reasonable doubts.^{The evidenceand} documents filed by the^{applicant bank not rebuttedby} the defendants by^{not placing any evidenceand there} is no question of^{disbelievingthe evidenceand} documents filed^{by the applicant bank based upon the} written/pri nted^{docu ments.}

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In the light of the^{abovediscussions,the presentT.A.} deserues to be^allowed.

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ORDER

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I hereby^{allow this T.A. of the applicant bank and} direct the defendant^{nos. 1 and 2 to pay jointly and} severally to the^{applicant bank within 30 days from} today, a sum of^{Rs.2,36,22,2431-along with cost'} expenses and^{interest @ 13.25olo from the date of filing} of this o.A.^{which has become T.A till the date of} realization.

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In case^{of failure to depositthe above amount} within the^{stiputated period, the same shall be} recovered from^{the sale of the mortgagedproperty} bearing no.4lcl3,^{Block No.3,Situated at old Rajender} Nagar, New^{Delhi-110060.In case of short fall, the} same shall^{be recoveredfrom the sale of personal} movable and^{immovableassets of the defendant nos. 1} and 2.

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Recovery^{certificate be issued forthwith and be} sent to Recovery^{Officer,Debts Recovery Tribunal-Il,} Delhi. s,\

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TA NO. 634 of 2022 4 4) The registry of this^{Tribunal is hereby directed} to issue free copy of the order and^{send the same to} both the^pafties.

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Parties are directed to appear^{before the Ld.} Recovery Officer, DRT-II,^{Delhi on 25.05 .2026.Pending} IAs, if ory, stand disposed of.

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---\--File be consigned to records. gx Date :25.03.2026^{(SUSHILKUMAR RASrOGI)} PRESIDING OFFICER DRT-II, Delhi

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This^judgement has been^{signed, datedand} pronounced in open court.

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_ e;_ Date :25.03.2026^{(SUSHILKUMAR ffASTOGI)} PRESIDING OFFICER DRT-II, Delhi

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-dj

Central Bank of India v. M/S Singh Engineering Company

Case brief

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Central Bank of India v. M/S Singh Engineering Company

Case brief

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