CORPORATION BANK vs MS R N TRAVELS on 3 September 2026

FINAL ORDER

This original application has been flled by the applicant banlt on 05.06.2018 througlr Sh. Vinod Kumar Das, Senior Manager of the applicant bank, under Section 19 of the RDB Act, 1993 against the defendants for recovery of a sum of Rs.11,45,353/- 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 reqlest of defendant no.1 proprietorship firm, through its proprietor defendant no.2, the applicant bank sanctioned a Cash Credit Facility under CLUCC Scheme of Rs.10,00,0001-, vide sanction letter dated 23.02.20L6. The said loan amount wq!$gl9! by hypothecation of t99

1. M

2. M

3. M

TANO.l594of2022 2 stocks and book debts and pledge of RD of Rs.20,000/- per month and personal guarantee of defendant no.3. The defendant nos.1 & 2 executed all necessary loaning documents on 23.02.2016.

3. It is fufther 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 recall/legal notice dated 01.05.2018 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, defendant nos.1 & 2 put appearance through counsel but failed to file wriften statement. The defendant no,3 failed to put appearance at all. Thereafter, the defendants failed to put appearance in the matter, despite publication. Accordingly, the defendants were proceeded against exparte on26.09.2023.

5. The applicant bank has filed evidence by way of affidavit of Sh. Vinod Kumar Das, Senior Manager as Annexure- A to Annexure- G, which have gone unchallenged and un-rebutted. Hence, the case of the applicant stands fully established against the defendants with respect 1o nonpayment Qljutstanding amount.

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5. 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 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 defendant nos.1 to 3 to pay jointly and severally to the applicant bank within 30 days from today, a sum of Rs.11,45,353/- along with cost, expenses and interest @11.65% 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 defendant nos.1 to

3.

3) Recovery Certificate be issued forthwith and be sent to Recovery Officer, Debts Recovgry Tribunal-Il, Delhi. qQ

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

5) Pafties are directed to appear before the Ld. Recovery Officer, DRT-II, Delhi on 03.11.2026. pending IAs, if any, stand disposed of. File be consigned to records. $ j v!. Date : 03.09.2026 (SUSHIL r) PRESIDING OFFICER DRT-II, Delhi This judgement has been signed, dated and pronounced in open court. Date : 03.09.2026 .-'-

,74 (SUSHIL R r) PRESIDING OFFICER DRT-II, Delhi q