UNION BANK OF INDIA (EW-CORPORATION BANK) vs M/S SHREE RADHEY ENTERPRISES on 19 August 2026

FINAL ORDER

This original application has been filed by the applicant ban( on 07.03.2018 through Mr. Nand Kishore Arya, Chief Manager of the applicant bank, under Section 19 of the RDB Act, 1993 against the sole defendant for recovery of a sum of Rs.L2,29,723l- together with cost, charges and pendentellite and future interest @14.00o/o p.a. 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 sole defendant, the applicant bank sanctioned a Working Capital Limit Facility of Rs.09.50 Lacs to meet sAr TANO. 689 of 2024

the working capital requirements, vide sanction lefter dated 23.05.2013. Again, at the request of sole defendant, the applicant bank sanctioned a Term Loan Facility of Rs.09.50 Lacs for to meet the business requirement in terms of Lok Adalat settlement 12.04.2014, vide sanction letter dated 14.06.2014. The sole defendant executed all necessary loaning documents on 14.06.2014. The aforesaid credit facility was secured against hypothecation of book debts and stocks.

3. It is further submitted that the sole defendant 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 sole defendant to regularize the loan account by visits and letters, but there was no response from the sole defendant. The applicant bank serued a demand notice dated 05.03.2018 to the sole defendant 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, sole defendant failed to put appearance at all, despite publication. Accordingly, the sole defendant was proceeded against exparte on 19.06.2025.

5. The applicant bank has filed evidence by way of affidavit of Sh. Satish Kumar Dixit, Branch Manager of the applicant bank as Paper No.18 to Paper No.73, which have gone urichallenged and un-rebutted. Hence, the case of the applicant stands_fqlly established against the g)\ I

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sole defendant with respect to outstanding amount. nonpayment of

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 sole defendant by not placing any evidence and there is no question of disbelieving the evidence and 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 sole defendant to pay to the applicant bank within 30 days from today, a sum of Rs.L2,29,723/- along with cost, expenses and interest @12.00o/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 hypothecated assets. In case of short fall, the same shall be recovered from the sale of personal movable and immovable assets of the sole defendant.

3) Recovery Certificate be issued forthwith and be sent to Recovery Officer, Debts Recwery Tribunal-Il, Delhi. At',

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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 parties.

5) Parties are directed to appear before the Ld. Recovery Officer, DRT-II, Delhi on 19.10.2026. pending IAs, if any, stand disposed of. File be consigned to records. Date : 19.08.2026 (susH r L -KU MAR RA'SrOGr ) PRESIDING OFFICER DRT-II, Dethi This judgement has been signed, dated and pronounced in open court. t^ t Date : 19.08.2026 (susHrl KUMAR RASTOGT) PRESIDING OFFICER DRT-II, Delhi SJ