PUNJAB NATIONAL BANK vs MS KRITIKA MEDICAL AGENCIES on 7 September 2026

FINAL ORDER

This original application has been flled by the applicant bank, on 06.05'2019 through Mr' Ranjiv K' Suneja, Officer of the applicant bank, under Section 19 of the RDB Act, 1993 against the defendants for recovery of a sum of Rs'1,20,49,569'85 together with cost' charges and pendentellite and future interest @11'600/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 ofdefendantno.2inthenameandstyleasdefendant no.1, the applicant bank sanctioned a CC(H) Loan Facility of Rs.120 Lac, vide sanction letter dated 23'05'2016 against hypothecation of the stock at Delhi' The defendantsexecutedallnecessaryloaningdocumentson 23.05.2016. The defelda-1t no'2 also executed Shri Komal Sharma, Counsel appears for applicant bank. oEi"nO.ntt are expafte, since, 13'05'2026'

agreement of guarantee dated 23'05'2016' In order tofurtherSecuretheliabilityundertheabovefacility,the defendant no.2 on immovable property bearing no.18/93-B, Gali no'2, East Moti Bagh, Sarai Rohilla' DelhF110007. The applicant bank in exercised of power conferred under Section 13 read with Rule B & 9 of the Security Interest (Enforcement) Rule 2002 and sold the mortgage propefi Punjab National Bank in favour of the Smt. Prerana Sharma.

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 31'03'2017' The applicant bank served a demand notice dated 04'04'20L7 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, defendants failed to put appearance at all, despite publication' Accordingly' the defendants were 13.05.2026. proceeded against exParte on

5. The apolicant bank has filed documents along with O.A. as Annexure A-1 to Annexure A-9, 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' SA

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 defendants by not placing any evidenceandthereisnoquestionofdisbelievingthe documents flled 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 and 2 to pay jointly and severally to the applicant bank within 30 days from today' a sum of Rs'1,20,49,569'85 along with cost' expenses and interest @11.600/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 personal movable and immovable assets of the defendant nos.1 and 2'

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 the parties. 'A

5) Parties are directed to appear before the Ld Recovery Officer, DRT-II, Delhi on 09'11'2026' Pending IAs, if anY, stand disPosed of' Fite be consigned to records' Date : 07.09.2025

(s) ( susHrL tiuunn RASTOGI) PRESIDING OFFICER DRT-II, Delhi This judgement has been signed, dated and pronounced in oPen court' Date : 07.09.2026 (, o. (susHIL KUFIAR RAs IuGr) PRESIDING OFFICER DRT-II, Delhi