CANARA BANK (SYNDICATE BANK) vs M/S. TANYA COMMUNICATION on 11 August 2026

FINAL ORDER

This original application has been filed by the applicant bank, on L7.03.2020 through Mr' Asish Kumar Maiti, 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 charges and Pendentetti 1,29,3L7 .02 together with cost, and future interest @12'25o/o from date of filing of this O.A. till the realization in full'

2. The brief facts of of sole defendant, the a case are that at the request licant bank sanctioned a Term Loan under CGTMSE e FacilitY of Rs.50.00 Lakhs, vide sanction letter defendant executed all ated 25.01.2018. The sole ssary loaning documents on

29. t2.20t7 and 25.01.2 18. The aforesaid term loan facilitY were secured bY Mr. Navin K Thakur, Counsel appears for applicant bank. Oeienaants are exparte, since, 04'01'2023' -a;-Y ecation of machines which now belong to and may hereafter during the subsistence of borrower liability belong to borrower, which are already procured/to be procured out of bank loans, and which are shalfmay be brought into or stores and or be in/upon the borrower's premises/unit situated at F-204, Aditya Complex-Il, D- Block, Central Market, Prashant Vihar, New DelhF85.

3. It is fufther submitted that the sole defendant enjoyed and utilized the Loan facilities, but failed to maintain the flnancial 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. Hence the account was classified as NPA on 31.01.2020. The applicant bank served a demand notice dated 21.11.2019 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 put appearance through counsel but failed to file written statement. Thereafter, the sole defendant failed to put appearance in the matter, despite publication' Accordingly, the sole defendant was proceeded against expafte on 04.01'2023. 5, The applicant bank has filed evidence by way of affidavit of Mr. Asish Kumar Maiti, Chief Manager of the applicant bank as Annexure A-1 to Annexure A-11, which have gone unchallenged and un-rebutted' Hence, the case of the applicant stand: fully established against the . sj- '.

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' deserves 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 RI'4L,29,3L7'02 along with cost, expenses and interest @10'45o/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 Ceftificate be issued forthwith and be sent to Recovery Officer, DeDts-Recovery Tribunal-Il' Delhi' EA

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 t2.L0.2026' Pending IAs, if any, stand disPosed of. File be consigned to records. .-..'-.*------\ PRESIDING OFFICER DRT-II, Delhi This judgement has been signed, dated and pronounced in oPen court. Date : 11.08.2026 Date : 11.08.2026 g-\ 'r\ (susHIL KUMAR'RASTOGI) '.a..-,- SA (susHrl rffunn RASfOGI) PRESIDING OFFICER DRT-II, Delhi