Debts Recovery Tribunals and Appellate Tribunals
DBS BANK vs TAL SECURE SYSTEMS PVT. LIMITED on 20 May 2025
[,,,
Present:
I
Debts RecoverY Tribunal-Il' Delhi
TAl77Ll2022
DBS BANK VS TAL SEIUNT. SYSTEMS PvT' IJMITED
25
Item no' 39
Mr. Vivek Munshi, counsel for applicant bank'
Ms. Rupali Vandopadhyay, counsel for defendants'
lruo", is taken through Video conferencing/ hybrid Mode.
IA No.33O/2O25'
2. The Ld. Counsel for the defendants has filed the present IA
with the request that the appricant bank to apprise the Honbre Tribunar of the amount being reflected as payable by the defendants in their statement and issue an NOC/ No Dues Certificate to the defendants after accepting the amount so payable.
3. The Ld. Counsel for the defendants has submitted that without prejudice to the rights and contentions of the defendants' the defendants wish to put a quietus over the subject matter of the present TA. The defendant is willing to pay the amount claimed in the present TA, as being reflected in the accounts book maintained by the applicant bank, subiect to the applicant bank giving the necessry NOC/No dues ceftiftcate'
4. The t-d. Counsel for the applicant bank. has submitted that he has no objection to the application filed by the defendants' As the defendants has admitted the dues of the appticant bank and he is ready to pay the amount claiTed in the present TA along with the qJ'
terest and therefore, it is submitted that the TA may be allowed terms of the applications filed by the defendants'
Heard the Ld. Counsel for both the parties and perused the From Perusal of the record, it is clear that the applicant bank has filed the Present TA against the defendants for the recovery of Rs.56,44, 526.35 as on 30.11.2021 along with pendentelite and future interest @ !2.35o/o per annum and penal interest @ 2o/o p.a. above the normal rate as applicable on the aforesaid amount'
The defendants have admitted in the para no'4 that the defendants are willing to pay the amount claimed in the present TA as being reflected in the accounts book maintained by the applicant bank, subject to the applicant bank may issue necessary NOC/ No Dues Certiflcate' Therefore' it is clear that the defendants have admitted the claim of the applicant bank' In such circumstances the IA no'330/2025 is hereby allowed' Accordingly'
present TA of the applicant bank is liable to be allowed' In the present circumstances of the case there appears no ground to allow the Penal interest'
Citations and Judicial Treatment
Cited by
0
Decisions in the index citing it
Cites
0
Decisions referred to
In this index
0
Of the decisions it cites
Overruled / Questioned
0
No negative treatment found
Loading the citing and cited decisions…
This judgment in the centre: on the left the decisions it cites, on the right the decisions citing it. Colour is the treatment; choose a decision to open it.
ORDER
1) TA No.77U2022 is allowed and the defendant no'1 to 3 are directed to pay jointly and severally to the applicant bank within 30 days from today, a sum of Rs'56'44'526'35 along with cost' expenses and interest @ 12'35olo from the date of filing of this O.A. which has become TA till the date of realization'
2) In case of failure to deposit the above amount within the stipulated period, the shall be recovered from the sale of movable and immovable assets of the defendant no'1 to 3' s.l
) On the payment of the entire dues from the defendants the pplicant bank is directed to issue NOC/ No Dues Certificate to the ) Recovery Certificate be issued forthwith and be sent to ry Officer, Debts Recovery Tribunal-Il' Delhi' avor of defendants.
5) The registry of this Tribunal is hereby directed to issue free popy of the order and send the same to both the parties' ) Parties are direct to appear before the Ld' Recovery fficer, RT-II, Delhi on 07.07.2025' Pending IAs' if any, stand disPosed File be consigned to records' F of g,\ (suSHIL KLJMAR RPffi'obD PRESIDING OFFICE& DRT-II, Delhi '.--.7-----\