Debts Recovery Tribunals and Appellate Tribunals
STATE BANK OF INDIA vs FATIMA BEGUM on 18 July 2026
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
TA No: 327/2023
Date of Institution: 08.02.2023
Date of Decision: 18.07.2026
SBI, B/u Rohama, District Baramulla.
...Applicant
Vs.
Fatima Begum D/o Abdul Subhan Bhat R/o Khushal Mohalla, Rohama, Baramulla.
...Defendants
Advocates
Ms. Lovedeep Kaur, proxy Counsel for Ms. Puja Sharma, Counsel for the Applicant Bank (on VC).
Defendants – ex parte.
TA for the Recovery of Rs.35,98,315.19p with interest @10.40% per annum with monthly rests from 08.02.2023.
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ORDER
1. On 08.02.2023, SBI (Bank) filed the suit for the recovery of Rs.35,98,315.19p with interest against Ms. Fatima Begum (defendant) in the Court of Principal District Judge, Baramulla. However, vide order dated 22.11.2023, this suit was transferred by the Court of Principal District Judge, Baramulla, to DRT-I, Chandigarh.
2. Bank’s case is that on 03.05.2019, it had sanctioned a Credit Card of Rs.1 lac to the defendant for agricultural credit under the Kisan Credit Card (KCC) Scheme. On 07.05.2019, Bank had granted a Commercial Vehicle Loan facility of Rs.30 lacs to the defendant for business purpose. The Commercial Vehicle Loan facility was chargeable to interest @11.55% per annum with monthly rests. Again, on 15.06.2020, bank had granted a GECL Loan of Rs.5.77 lacs to the defendant for further financial assistance. The GECL Loan facility was chargeable to interest @9.25% per annum with monthly rests. To secure the credit facilities, defendant had hypothecated her assets (Hypothecation Agreements attached to the plaint as Annexures C, L and P). On 20.12.2022, a sum of Rs.35,98,315.19p was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this suit.
3. On 27.11.2024, summons was sent to the defendant by registered post, which was duly served. However, defendant did not put in appearance. Vide order dated 25.04.2025, she was proceeded ex parte.
4. In order to prove its case, the Bank has placed on record the affidavit of Mr. Maroofa Shah, Assistant General Manager SARB Srinagar, along with the loan and original 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 a Credit Card facility (KCC Loan facility) of Rs.1 lac; a Commercial Vehicle Loan facility of Rs.30 lacs and a GECL Loan facility of Rs.5.77 lacs to the defendant and on 20.12.2022, a sum of Rs.35,98,315.19p (KCC Loan: Rs.1,11,021.69p; Commercial Vehicle Loan: 29,64,667.80p and GECL Loan: Rs.5,22,625.70p) was due.
6. Accordingly, the application of the Bank for the recovery of Rs.35,98,315.19p (Rupees Thirty-Five Lacs Ninety-Eight Thousand Three Hundred Fifteen and Paise Nineteen Only) with interest @10.40% per annum with monthly rests from 08.02.2023, till the date of payment is hereby allowed with costs. Bank can recover its dues by the sale of the hypothecated assets (Hypothecation Agreements attached to the plaint as Annexures C, L and P), as well as from the personal movable and immovable property(ies) of the defendant.
7. Pending IAs, if any, stand disposed of.
8. Recovery Certificate be issued accordingly.
9. Parties are directed to appear before Recovery Officer on 18.08.2026, who is directed to distribute the sale proceeds of the mortgaged property 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 parties.
Pronounced in the open court.
(A S Narang) Dated: 18.07.2026 Presiding Officer DRT-1, Chandigarh HARSH