PUNJAB NATIONAL BANK vs MS DASHMESH ENTERPRISES on 15 October 2026

FINAL ORDER

This original application has been filed by the applicant bank, on 13.12.2018 through Shri' Raj Kishore, Senior Manager of the applicant bank, under Section 19 of the RDB Act, 1993 against the defendants for recovery of a sum of Rs.12,83,432.19 together with cost, charges and pendentellite and future interest @11'600/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 defendants, The applicant bank sanctioned a Cash Credit Facility of Rs.9.50 Lacs under the Credit Guarantee FunC Trust for Micro and Small Enterprises (CGTMSE) Scheme, vide sanction letter dated 21'03'2016' The defendants executed all necessarY loaning documents on €J"'

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10.03.2016, 21.03,2016 and 22.03.20t6. It is submitted that the stocks and books debts of the defendants were duly hypothecated by the defendants to the applicant bank to secure the loan facility.

3. It is further submitted that the defendants enjoyed and utilized the Loan facilities, but failed to maintain the flnancial 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 15.10.2016' The applicant bank served a recall notice dated 20'07.2017 to the defendants 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, defendants failed to put appearance at all, despite publication. Accordingly, the defendants were proceeded against exparte on 19.05.2026.

5. The applicant bank has filed documents along with O.A as Paper No.25 to Paper No.94, 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 sX

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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. deserues to be allowed.

ORDER

1) I hereby allow this T.A. of the applicant bank and direct the ddfendant nos.1 and 2 to pay jointly and severally to the applicant bank within 30 days from today, a sum of Rs.12,83,432.19 along with cost, expenses and interest @11.600/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 hypcthecated 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 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. 's;(

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5) Parties are directed to appear before Recovery Officer, DRT-II, Delhi on 15'12'2026' Pending IAs, if anY, stand disPosed of' Fite be consigned to records' - -- ----- 'cJ' (susHIL KUMAR RASToGI) PRESIDING OFFICER DRT-II, DEIhi This judgement has been signed' dated and pronounced in oPen court' t'l \ (susHrl KUmAR ttAsiocl) PRESIDING OFFICER DRT.II, DEIhi the Ld Date : 15.10.2026 Date : 15.10'2026