UNION BANK OF INDIA vs MS PARAMOUNT CLOTHING CREATIONS on 22 July 2026

FINAL ORDER

This criginal application has been filed by the applicant bank, on 31.08.2018 through Sh' Kapil Dev, Senior Manager of the applicant bank, under Section 19 of the RDB Act, 1993 against the defendants for recovery of a sum of Rs.11,22,570/- together with cost, charges and pendentellite and future interest @13.40olo 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.2 as a proprietor of the defendant no.1, the applicant bank sanctioned a Cash Credit Limit Facility of Rs.10,00,000/- under Corp Laghu Udyami Credit Card e).: i

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(CLUCC) Scheme, vide sanction letter dated 06.09.2013 under the guarantee of defendant no.3 & hypothecation of stock, current assets, book debts etc. The defendants executed all necessary loaning documents on 06.09.2013.

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 31.12.2017. The applicant bank served a demand notice dated 05.02.2018 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 service. Accordingly, the defendants were proceeded against exparte on 19.05.2025.

5. The applicant bank has filed evidence by way of affidavit of Sh. Kapil Dev, Senior t4anager of the applicant bank as Annexure -A to Annexure A-G, 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. gXt'.

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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 defendants by not placing any evidence and there is no question of disbelieving the evidence and documents Rled 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.1 to 3 to pay jcintly and severally to the applicant bank within 30 days from today, a sum of Rs.11,22,570/- along with cost, expenses and interest @12.00o/o from the date of filing of this O.A. which has become T.A tiil 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 saie 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 to

3.

3) Recovery Certificate be issued forthwith and be sent to Recovery Officer, Debts Recovery Tribunal-Il, Delhi' t .-----Z c}..

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

5) Parties are directed to appear before the Ld. Recovery Officer, DRT-II, Delhi on 22.09.2026. Pending IAs, if any, stand disposed of. File be consigned to records. Date :22.07.2026 ( s"f €* (susHIL rurien n[stucU PRESIDING OFFICER DRT-II, Delhi This judgement has been signed, dated and pronounced in open court. Date : 22.07.2026 A.I s^ -t% (susHrl rluunn ftlsfoful PRESIDING OFFICER DRT-II, Delhi