AMERICAN EXPRESS BANKING CORP vs GAURAV KHULLAR on 24 September 2026

FINAL ORDER

This original application has been filed by the applicant ban'r, on 21.12.2021through Mr' Rishi Dixit' Portfolio Mana.ger (Legal) of the applicant bank, under Section 19 of the RDB Act, 1993 against the sole defendant for recovery of a sum of Rs'20,54,320'02 together with cost, charges and pendentellite and future interest @9.0Q% p.a. from date of filing of this O'A' till the realization !n full.

2. The brief facts of the case are that in 2004 and 2006 the deiendant approached the applicant and submitted two account opening forms with the applicant for availing American Express Credit Cards' In response to the two applications of the defendant, the cards were issued by the epplicant in the name of the defendant i'e'' Date of _Issue- No.376932124254004 No.376916369001006- t4.12.2006- Credit and 01.t2.2004- Credit Revised Credit t\ Card Card Card

TANO. 1670of2023 2 No.376916369002004. As per the terms and conditions of dhe saiO credit card facilities, the defendant was under obligation to liquidate and pay the dues of the applicant towards the month-wise-usage of the said credit cards as per the statement of accounts issued by the applicant to the defendant every month' The defendant started using the said credit cards and the applicant staited raising and issuing the monthly statements wie.f. 08.11.2012 to 08'08'2021 qua the credit card no. 376932724254004 and w'e'f' 03'09'2012 to 02.08.2021 qua the credit card no.376916369002004, to the defendant.

It is further submitted that the sole defendant enjoyed and utilized the Loan facilities, but failed to maintain the financial discipline and failed to repay the due amounts. The applicant bank requested the sole defendant to regularize the loan account by visits and letters, but there was no response from the sole defendant. Hepce, the account was classifled as NPA' The applicant barik served a legal/demand notice dated 19.06.2021 to the sole defendant but failed to recover the same Thus, the present O'A'ff'A' is preferred by the applicant bank to recover its dues'

4. On notice by this Tribunal, sole defendant failed to put appearance at all, despite publication' Accordingly' the sole defendant was proceeded against exparte dated t0.07.2025.

5. The applicant bank has flled evidence by way of affidavit of Sh. Rishi Dixit, Portfolio Manager (Legal) of the applicant bank as Paper No'3 to Paper No'56' which have gone ufehallenged and un-rebutted' Hence' the a.

TA NO. 1670 of 2023

case of the applicant stands fully established against the sole defendant with respect to nonpayment of outstanding amount.

6. After perusing the records, this Tribunal is of the view that the applicant bank has proved its case beyond reasonable doubts. The evidence and documents filed by the applicant bank not rebutted by the sole defendant by not placing any evidence and there is no question of disbelieving the evidence and documents filed by the applicant bank based upon the written/printed documents. In the light of the above discussions, the present T'A' deserves to be allowed.

ORDER

1) I hereby allow this T.A. of the applicant bank and direct the sole defendant to pay to the applicant bank within 30 days from today, a sum of Rs'20'54'320'02 along with cost, expenses and interest @9'00o/o from the date of filing of this O.A. which has become T'A till the date of realization.

2) In case of failure to deposit the above amount within the stipulated period, the same shall be recovered from the sale of personal movable and immovable assets of the sole defendant.

3) Recovery Certificate be issued forthwith and be sent to Recovery Officer, Debts Recovery Tribunal-Il' Delhi'

4) The registry of this Tribunal is hereby directed to issue free copy of the order and send the same to both the Parties.

- _r,- 5^

TANO. 1670of2023 4

5) Parties are directed to appear before the Ld' Recovery Officer, DRT-II, Delhi on 25.1L'2026' Pending IAs, if any, stand disPosed of. File be consigned to records. d'. \ Date:24.09.2026 (SUSHIL KUMAR RASTOGI) PRESIDING OFFICER DRT-II, Delhi This judgement has been signed, dated and pronounced in oPen court. S.\' L -.'/, (su sH I L rUfi-nn nAiio'cl) PRESIDING OFFICER DRT-II, Delhi Date:24.09.2026