Debts Recovery Tribunals and Appellate Tribunals
PUNJAB NATIONAL BANK vs MS KAVITA TOURS AND TRAVELS on 12 October 2026
Before SUSHIL KUIIAR RASTOGI' Prcsiding Officer
----- - o"u,tt Recovery TribunaFlr' Delhi TA No.1346 OF 2022
PUNJAB NATIONAL BANK VS M/S KAVITA TOURS &
TRAVELS
Reserved on : 21.O8'2026
Prcnounced on : 12.10.2026
Punjab National Bank
-Appticant bank
Vs.
M/s lGvita Tours and Travels
- Sole defendant
Present
Sh. Sarvjeet Yadav, Counsel appears for
applicant bank.
$rc OetenOant is epafte, since,24'07 '2025'
FINAL OR"DER
This original application has been filed by the applicant bank, on L7.O2.2OL} through Mr' GS Kohli'
fficer of the appticant bank, under Section 19 of the RDB
Act, 1993 against the sole defendant for recovery of a sum of Rs.11,81,032/- together with cost, charges and pendentellite and future interest @11'50o/o 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 sole defendant, the applicant bank sanctioned a CC
Limit under the Pradhan Mantri Mudra Yojna Scheme of Rs.10,00,000/- and disbursed in respect of account bearing number 3080008700000592' It is submitted that further to secure the repayment of the loan amount'
defendant hypothecated the book debts of the defendant firm by executing an agreement for hYPothecation of book debts.
fr
TANO. 1346of2022
3. It
is
further submitted that the sole
defendant enjoyed and utilized the Loan faciliUes' but failedtomaintainthefinancialdisciplineandfailedto repay the due amounts' The appticant bank'requested thesoledefendanttoregularizetheloanaccountbyvis.tts and letters, but there was no response from the sole defendant. The applicant bank served a recall notice dated 04.12.2017 to the sole defendant but failed to recover the same Thus, the present O'A'ff'A' is preferred by the applicant bank to re@ver its dues'
4. On notice by this Tribunal' sole defendant failed to put appearance at all, despite publication' Accordingly'
the sole defendant was P
24.07.2025.
roceeded against o<Parte on
5. The applicant bank has filed documents along with O.A as Paper No.1 to Paper No'47' which have gone unchallenged and un-rebutted' Hence' the case of the applicant stands fully established against the sole defendant with respect to nonpayment of outstanding amount.
5. After perusing the records' this Tribunal is of the view that the applicant bank has proved its case beyond reasonabledoubrts.Thedocumentsflledbytheapplicant bank not rebutted by the sole defendant by not placing any evidence and there is no question of disbelieving the 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
EBPE*--
TANO. 1346of2022 3
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1) I hereby allow this T'A' of the applicant bank and direct the sole defendant to pay to the applicant bank within30daysfromtoday,asumofRs'11'81'032/-along with cost, expenses and interest @11'50o/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 shatl be recovercd from the sale of hypothecated assets' In case of shoft fall, the same shall be recovercd from the sale of personal movable and immovable assets of the sole defendant'
3) Recovery Certificate be issued forthwith and be sent to Recovery fficer, 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
5) Parties are directed to appear before the Ld' Recovery Officer, DRT-II, Delhi on L4'12'2026' Pending IAs, if any, stand disPosed of' the Parties. File be consigned to records' 9?- ( lo 7L Date L2.10.20?:6 (SUSHIL KUMAR PRESIDING OFFICER DRT-II, Delhi This judgement has been signed' dated and pronounced in oPen court' rsD- lo * SUSHIL KUMAR PRESIDING OFFICER \ ( Date : 12'10.2026 DRT-II, Delhi )