Debts Recovery Tribunals and Appellate Tribunals
PUNJAB NATIONAL BANK vs M S RAMNARAYAN PRINTERS PROP SUBRATA BHOWAL on 17 July 2026
Rina S.
BEFORE THE DEBTS RECOVERY TRIBUNAL-I KOLKATA
PRESENT: -SHRI AMBUJA MOHAN DAS
PRESIDING OFFICER
T.A. No. 744 OF 2013
DATE OF DELIVERY OF ORDER : 17th July, 2026
Punjab National Bank, a body corporate constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 having its Head Office at 7, Bhikhaji Cama Place, New Delhi – 110066 and carrying on business inter alia at 3 & 4 Garden Reach Road, PS- Metiabruz, Kolkata –
700024, commonly known as its Garden Reach Branch.
...................Applicant
And
Subrata Bhowal, son of Sri Jatish Chandra Bhowal, carrying on business under the name and style of M/s. Ramnarayan Printers as its sole proprietor thereof and carrying on business at D/8, Dakshinee Housing Estate, Phase I, PO- Bartala, PS- Rabindranagar, Kolkata – 700018.
....................Defendant
Counsel for the Applicant Bank: - Ms. A. Rao, Ld. Counsel Counsel for the Defendants:- Set ex-parte on 10.12.2019
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.
J U D G M E N T
1. The present Recovery Application is filed by the Punjab National Bank, nationalized Bank carrying on business at 3 & 4 Garden Reach Road, PS- Metiabruz, Kolkata – 700024, commonly known as its Garden Reach Branch for recovery of total sum of Rs. 20,60,350/- with interest @13.50% with monthly rest from 16.06.2012 against the Defendants till payment and/or realization. The Defendant is the borrower/guarantor /mortgager.
2. The service of summon was effected upon the Defendant in usual mode of postal service as well as hand service. Despite service of summons and giving sufficient time, the Defendant neither appeared nor filed the Written Statement to controvert the claim of the Bank. Hence, the matter was declared ex-parte on 10.12.2019.
Rina S.
3. The Applicant in support of its contention filed Evidence on Affidavit duly affirmed by Mr. Bhabotosh Roy, Senior Manager of the Applicant Bank annexing the various documents which are exhibited.
4. I have perused the documents and Evidence and heard the Ld. Advocate for the Bank. By the said evidence on affidavit the Applicant could prove its claim and documents. The claim of the Bank is within the limitation and within the jurisdiction of this Tribunal. Hence, the claim of the Bank should be allowed with cost. In the above circumstances it is ordered:
O R D E R
i) Claim of the Applicants is allowed with cost. ii) The Defendant is liable to pay Rs. 20,60,350/- with interest @ 13.50% with monthly rest from 16.06.2012 till payment or realization. iii) It is declared that the claim is secured by hypothecation of movables as mentioned in the OA. iv) Let, a certificate be issued accordingly. v) Ld. Recovery Officer shall realize the amount as per the Recovery Certificate from the defendant in accordance with law. vi) Ld. Registrar of this Tribunal is directed to deliver recovery certificate in term of the final order/judgment for recovery of the sum against the defendants in favour of the Applicant Bank under Section 19 (22) of the Recovery of Debts due to the Bank and Financial Institutions Act, 1993 now known as Recovery of Debts and Bankruptcy Act, 1993. vii) The parties are directed to appear before the Recovery Officer-II on 25/08/2026 for further action in accordance Rina S. with law in the event the entire amount is not paid by the said date. Accordingly, the Original Application being T.A. No. 744 of 2013 is allowed and stands disposed of. All the IAs, if any, are also disposed of. Copy of the Judgment/Final Order be uploaded in the Tribunal’s website. File is consigned to the Record Room. (Dictated to P.S., transcribed by her, corrected, signed and pronounced by me in the open Court on this the day 17th July, 2026) Place: Kolkata ( Ambuja Mohan Das ) Date: 17th July, 2026 Presiding Officer
Rina S. Page No.- Order Sheet (continuation) Case No. TA/744/2013 PUNJAB NATIONAL BANK–Vs- SUBRATA BHOWAL Date of the order Order with signature Office action w date and dat signature o parties whe necessary 17th July, 2026 Ld. Advocate, Ms. A Rao appeared for the applicant bank. None appeared on behalf of the Defendants. Matter was heard in open Court on this the day of 22/04/2026. The detailed order in three pages annexed separately. The gist of the order is as follows:
O R D E R
i) Claim of the Applicants is allowed with cost. ii) The Defendant is liable to pay Rs. 20,60,350/- with interest @13.50% with monthly rest from 16.06.2012 till payment or realization. iii) It is declared that the claim is secured by hypothecation of movables as mentioned in the OA. iv) Let, a certificate be issued accordingly. v) Ld. Recovery Officer shall realize the amount as per the Recovery Certificate from the defendant in accordance with law. vi) Ld. Registrar of this Tribunal is directed to deliver recovery certificate in term of the final order/judgment for recovery of the sum against the defendants in favour of the Applicant Bank under Section 19 (22) of the Recovery of Debts due to the Bank and Financial Institutions Act, 1993 now known as Recovery of Debts and Bankruptcy Act, 1993. vii) The parties are directed to appear before the Recovery Officer-II on 25/08/2026 for further action in accordance with law in the event the entire amount is not paid by the said date. Accordingly, the Original Application being T.A. No. 744 of 2013 is allowed and stands disposed of. All the IAs, if any, are also disposed of. . Copy of the Judgment/Final Order be uploaded in the Tribunal’s website. File is consigned to the Record Room. (Dictated to P.S., transcribed by her, corrected, signed and pronounced by me in the open Court on this the day 17th July, 2026) Place: Kolkata ( Ambuja Mohan Das ) Date: 17th July, 2026 Presiding Officer