PUNJAB NATIONAL BANK (E-OBC) vs M/S JAYMAA INFRA on 14 July 2026

Befere SUSHIL KUMAR RASTOGI, Presiding

Officer

Debts Recovely Tribunal-Il, Delhi

TA No.1929 OF 2022

PUNJAB NATTON BANK (E-OBC) VS M/S JAYMAA

INFRA & ORS

Reserued on

: O3.O6.2O26

Pronounced on z L4.O7.2O26

Punjab Nation Bank

(e-OBC)

-Applicant bank

Vs.

1. M/s Jaymaa Infra

2. Mr. Suresha Nand Upadhyay - Defendants Present: Ms. Rashmi Srivastava, Counsel appears for applicant bank.

Defendants are expafte, since, 22.08.2023.

FINAT ORDER

This original application has been flled by the applicant bank, on 27.tt.20t8 through Mr. Rakesh Bhalla, Manager of the applicant ban( under Section 19 of the RDB Act, 1993 against the defendants for recovery of a sum of Rs.10,70,193/- along with pendente-lite and future interest with monthly rests 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.l, through its proprietor, defendant no.2 availed the Cash Credit Facility to the tune of Rs.5,00,000/- from the applicant bank. Again, at the request of defendant no.l, through its proprietor EP

defendant no.z, the applicant bank enhanced the aforesaid cash credit facility from Rs,5,00,000/- to Rs.10,00,000/- against the hypothecation of stoc(spares of AC's, Freezers, Solar Power Plants etc.

The defendants executed all necessary loaning documents on 15.04.2017.

3. It is fufther 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

on 01.09.2018. 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 expafte on 22.08.2023.

5. The applicant bank has filed documents as Paper No. 1 to Paper No.100, 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 90 --"-"-

applicant bank not rebutted by

the

defendants by not placing any evidence and there is no question of disbelieving the documents filed by the applicant bank based upon the wriften/printed documents.

In the light of the above discussions, the present T.A.

deserues to be allowed.