THE JAMMU AND KASHMIR BANK LTD vs M/S HIMALAYAN FOOTHILLS CEMENTS (P) LTD on 7 July 2026

DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH

TMA/1/2023

JAMMU & KASHMIR BANK LTD. VS. HIMALAYAN FOOTHILLS CEMENTS & ORS.

07.07.2026 Item No.146

Present: Mr. Amit Rishi , Counsel for the Applicant Bank. None for the Defendants.

This Transfer Miscellaneous application (though it should have been a TEX) has been received by transfer from Additional District Judge (Commercial Court), Jammu for disposal as per law. Vide judgment and decree dated 23.10.2013, Additional District Judge (Bank Cases), Jammu passed a decree for Rs.58,99,147/- with interest @19% per annum with quarterly rests effect from 14.02.1996 along with costs in Civil Suit no.338/Civil. Thereafter, bank filed an application for execution claiming an amount of Rs.58,99,147/- with interest @19% per annum with quarterly rests effect from 14.02.1996 along with costs till payment. Accordingly, recovery certificate be issued for the recovery of Rs.58,99,147/- with interest @19% per annum with quarterly rests effect from 14.02.1996 along with costs till payment in terms of the decree dated 23.10.2013. Bank would be entitled to recover its dues as per the decree obtained by it from the Additional District Judge (Bank Cases), Jammu. Recovery Certificate be issued accordingly. Parties are directed to appear before the concerned Recovery Officer on 10.08.2026. File be consigned to the record room.

(A S Narang) Presiding Officer Pronounced in open Court.

DRT-I, Chandigarh