Debts Recovery Tribunals and Appellate Tribunals
STATE BANK OF INDIA vs DAWOOD IMTIYAZ BHAT on 15 June 2026
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
TA No: 91 of 2023
Date of Institution: 22.10.2022
Date of Decision: 15.06.2026
SBI at RASMECCC, M.A.Road, Srinagar.
……..Applicant
Vs.
Dawood Imtiyaz Bhat s/o Imtiyaz Ahmad Bhar r/o Sikhbagh, Satbooni, Lalbazar, Srinagar.
……….Defendant
Advocates
Ms. Sonal Chabbra proxy counsel for Sh. Vivek Verma, Counsel for the applicant bank.
Defendants - ex parte
TA for the Recovery of ₹27,19,318/- with interest @10.5% per annum with monthly rests from 22.10.2022.
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. On 22.10.2022, SBI, filed the suit for the recovery of ₹27,19,318/- with interest against Dawood Imtiyaz Bhat (defendant) in the Additional District Judge, (Bank Cases), Srinagar. However, vide order dated 17.02.2023, this plaint was transferred by the Court of Additional District Judge, (Bank Cases), Srinagar, to DRT-I, Chandigarh.
2. Bank’s case is that on 25.03.2021, it had granted a loan of ₹22.00Lacs to defendant in the form of C.C Limit for vehicle purpose. To secure the loan, Defendant had hypothecated vehicle EICHER 3019 (fully detailed in Letter of Arrangement). The loan was chargeable to interest @10.5% per annum with monthly rests. On 22.10.2022, a sum of ₹27,19,318/- was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, the plaint.
3. The Civil Court sent summons to the defendant which was duly served. After receiving the file by transfer from Jammu, this Tribunal
2 sent summons to the defendant which was duly served. However, defendant did not put in appearance and vide order dated 29.01.2025 he was proceeded ex parte.
4. In order to prove its case, the Bank has placed on record the affidavit of Mr. Romi Dass Thapa, Executive Manager Law, along with the loan and security documents.
5. I have perused the evidence on the record. I am of the considered view that the Bank has proved its case that it had advanced the loan of ₹22.00Lacs and on 22.10.2022, a sum of ₹27,19,318/- was due.
6. Accordingly, the case of the bank for the recovery of ₹27,19,318/- (Rupees Twenty Seven Lacs Nineteen Thousand Three Hundred and Eighteen Only) with interest @10.5% per annum with monthly rests from 22.10.2022, till the date of payment is hereby allowed with costs. Bank can recover its dues by the sale of hypothecated vehicle EICHER 3019 fully detailed in Letter of Arrangement as well as from the personal movable and immovable property(ies) of the defendants.
7. Pending IAs, if any, stand disposed of.
8. Recovery Certificate be issued accordingly.
9. Party is directed to appear before Recovery Officer on 17.07.2026, who is directed to distribute the sale proceeds of the hypothecated vehicle as per the provisions of Section 19(20-AB) of the Act.
10. A Copy of this order along with Recovery Certificate be sent to the Recovery Officer as well as the party. Pronounced in the open court.
(A S Narang) Dated: 15.06.2026 Presiding Officer DRT-1, Chandigarh