PUNJAB NATIONAL BANK vs M/S DELHI TRANSPORT SERVICES on 23 July 2026

FINAL ORDER

This original application has been flled by the applicant bank, on t7 '02'2018 through Mr' GS Kohli' Officer of the applicant bank' under Section 19 of the RDB Act, 1993 against the sole defendant for recovery of a 'sum of Rs'11,83,008/- together with cost' charges and pendentellite and future interest @11'600/o from date of filing of this O'A' till the realization in tull' brief facts of the case are that at the request

2. The of sole defendant, the applicant bank sanctioned a CC Limit under the Pradhan Mantri Mudra Yojna Scheme FacilitY of Rs,10,00,000/-' It ts further submitted to secure the repayment of the loan amount; sole defendant hy the book debts of the defendant firm bY ng an agreement for hypothecation of book debts' executi rl

loaning documents on 13'05'2016'

3. It is further submitted that the sole defendant enjoyed and utilized the Loan faciliUes' but failed to maintain the financial discipline and failed to repay the due amounts' The applicant bank requested the sole defendant to regularize the loan account by visits and letters, but there was no response from the sole defendant. The applicant bank served a loan recall notice dated 04.12'2017 to the sole defendant but failed to recover the same Thus, the present o.A.fl-.A. is preferred by the appticant bank to recover its dues' TANO. 1115 of 2023

The sole defendant executed all necessary

4. On notice bY this Tribunal' sole defendant failed to put apPearance at all' desPite Publication' AccordinglY, the sole defendant was proceeded against exparte on t6.t2.2025.

5. The applicant bank has frled documents along with O.A. as Paper No'1 to Paper No'35' which have gone unchallenged and un-rebutted' Hence' the case of the applicant stands fully estabtished against the sole defendant 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 sole defendant by not placing any evidence and there is no question of disbelieving the documents flled by the applicant bank based upon the written/Printed documents' In the light of the above discussions' the present T'A' desewes to be atlowed' -- - 9-\

1) I hereby allow this T'A' of the applicant bank and direct the sole defendant to pay to the applicant bank within 30 days from today' a sum of Rs'11'83'008/- along with cost, expenses and interest @11'600/o from the date of fiting of this O'A' which has become T'A titl the date of TA NO. lll5 of 2Q23

ORDER

realization. Dale:23.07.2026

2) In case of failure to deposit the above amount within the stipulated period' the same shall be recovered from the sale of personal movable and immovable assets

3) Recovery Certiflcate 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 of the sole defendant' 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 (susHIL KUMAR nAs+fbctl PRESIDING OFFICER DRT-II, Delhi This judgement has been signed' dated and pronounced in oPen court' (susHIL rr]rqnn (A$roct) PRESIDING OFFTCER DRT-II, Delhi Date:23.07.2026