UNION BANK OF INDIA (E-CORPORATION BANK) vs M/S JTK LOGISTICS P LTD on 23 July 2026

FINAL ORDER

This original application has been filed by the applicant bank, on 24'03'2018 through Mr' Prashant Vagrani, Chief Manager of the applicant bank' under SectionlgoftheRDBAct,lgg3againstthedefendants for recovery of a sum of Rs'93'07'696't4 (out of an amountofRs.S0,13,g26.14isdueandpayableinCSLPS and an amount of Rs.12,88,7701- is due and payable in CCGSL) together with cost' charges and pendentellite and future interest @13'35o/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 defendant no'l along with defendant nos'2 to 4' the applicant bank sanctioned a Cash Credit Facility (CSLPS) of Rs.65.00 Lacs, vide sanction letter dated 2l'08'20t2' The defendants executed all necessary loaning 9^

TANO.2088of2023 2 documents on 21'08'2012' 10'09'2012 and 20.06'2015. Again, at the request of defendants' the applicant bank sanctioned a Cash Credit Facitity (CCGSL) or'*r. 1O.OO Lacs, vide'sanction letter dated 1 1'09'2012' The defendants executd alt necessary loaning documents on 11'09'2012 and 20'06'2015' Thereafter' thedefendantsagainapproachedtheapplicantbankfor enhancement of the aforesaid loan facility (CCGSL) to Rs.12'17 Lacs on 02'04'2016 and again for enhancement to Rs.12.89 Lacs on 05'10'2016 to meet the working capital requirement' The defendants executed all necessary loaning documents on 02'04'2016 and 05.10.2016' The aforesaid facility was secured by mortgage of property i'e'' Vacant Plot forming paft of Plot No.100(withconstructionthereon),KhasraNo.65/24, admeasuring 200 Sq'Yads' Vaka-Sivana' Village- Chauma, Gurugram' Haryana owned by defendant nos'3 &4.

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 01'12'2016' The applicant bank served a demand notice dated t1'01'2017 to the defendants but failed 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' defendant nos'1 to 3 put appearance through counsel but failed to file written s."t"."nt. The defendant no'4 failed to put appearance at all. Thereafter, the defendants failed to put 4..'

TANO' 2088of2023 3 appearance in the matter' despite service' Accordingly, the defendants were proceeded against exParte on 20'04'2023'

5. The applicant bank has fited evidence by way of affidavit of Sh' Rishu Srivastava' Chief Manager of the applicant bank as Paper No'24 to Paper No'162' 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 evidence and documents flled 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 fited by the applicant bank based upon the written/printed documents' Inthelightoftheabovediscussions'thepresentT'A' deserves to be allowed'

ORDER

1) I hereby allow this T'A' of the applicant bank and direct the defendant nos'1 to 4 to pay jointly and severally to the appticant bank within 30 days from today' a sum of Rs.93,07,696'14 along with cost' expenses and interest @13.10% 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 fromthesaleofmortgagedproperrybearingPlotNo'100 (with construction lhereon)' Khasra No'65/24' 'I

TANO.2088of2023 4 admeasuring 200 Sq' Yads' Vaka-Sivana' Village- Chauma, Gurugram, Haryana' In case of short fall' the same shall be recovered from the sale of personal movable and immovable assets of the defendant nos'l to

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 4 Dale:23.07.2026 the Parties.

5) Parties are directed to appear before the Ld' Recovery Officer, DRT-II, Delhi on 23'09'2026' Pending IAs, if anY, stand disPosed of' File be consigned to records' ,sA ( susHl L t(wnn -nfi Stoct) PRESIDING OFFICER DRT-II, Delhi This judgement has been signed' dated and pronounced in oPen court' Date:23.07.2026 f,\ (susHIL KUMAR nasroct) PRESIDING OFFICER DRT-II, Delhi