STATE BANK OF INDIA vs M/S RIDHI FOODS on 5 October 2026

FINAL ORDER

This original application has been filed by the applicant ban( on 22.03.2018 through Sh. Santosh Kumar Dwivedi, Chief Manager of the applicant bank, under Section 19 of the RDB Act, 1993 against the defendants for recovery of a sum of Rs.11,45,705.38 together with cost, charges and pendentellite and future interest @14.650lo from date of filing of this O.A. till the realization in full.

2. The brief facts of the case are that at the request of defendant no.1 through its proprietor i.e., defendant no.2, the applicant bank sanctioned a Cash Credit (Hyp. of Stocks) Facility of Rs.10.00 lacs, vide sanction letter dated 18.06.2014. The defendants executed all 5A

TANO.459of2023

necessary and 16.06.2014. loaning documents on 18.06.2014

3. It is further submitted that the defendants 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 defendants to regularize the loan account by visits and letters, but there was no response from the defendants. Hence, the account was classified as NpA dated 20.0g.2016. The applicant bank served a demand notice dated 05.06.2017 and 20.02.2018 to the defendants but faited to recover the same Thus, the present O.A.fl-.A. is preferred by the applicant bank to recover its dues.

4. On notice by this Tribunal, defendants failed to put appearance at all, despite publication. Accordingly, the defendants were on29.07.2025. proceeded against exparte

5. The applicant bank has filed documents along with O.A. as Annexure A-1 to Annexure A-13, which have gone unchallenged and un-rebutted. Hence, the case of the applicant stands fully established against the defendants 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 documents filed by the applicant bank not rebutted by the defendants by not placing any evidence and there is no question of disbelieving the s.\

TANO.459of2023 3 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 defendant nos.l and 2 to pay joinUy and severally to the applicant bank within 30 days from today, a sum of Rs.11,45,705.3g along with cost, expenses and interest @t2.75o/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 hypothecated assets. In case of short fall, the same shall be recovered from the sale of personal movable and immovable assets of the defendant nos.1 and 2.

3) Recovery Certiflcate 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.

9. \

TA NO. 459 of 2023

5) Parties are directed to appear before the Ld Recovery Officer, DRT-II, Delhi on 07.t2.2026. pending IAs, if any, stand disposed of. File be consigned to records. Date : 05.10.2026 This judgement has been pronounced in open court. Date : 05.10.2026 \' 9i^ ". (susHrl KUMAR riA+ocr) PRESIDING OFFICER DRT-II, Delhi signed, dated and (r\ (susH_r_L (u MAR Rli#ocr) PRESIDING OFFICER DRT-II, Delhi