BANK OF INDIA vs M/S SENCO JEWLLERY PALACE & Ors. on 10 September 2025

J U D G M E N T

1. The present Recovery Application is filed by the Bank of India, nationalized Bank carrying on business of Banking all over India including from its Branch Office at its Bow Bazar Branch, 167C & 167C/1, B.B. Ganguly Street, Bowbazar, P.S. Muchi Para, Kolkata – 700012, for recovery ofRs.36,48,866.59P., with interest @18.25% p.a. with monthly rest from 1.2.2012 against the Defendants till payment and/or realization. The Defendants are the borrower/guarantor/mortgager.

2. The service of summons could not be effected upon the Defendants in usual mode of postal service. Hence, by the order of this Tribunal, the summons were served by substitute service by publishing in the newspapers in ‘The Statesman’ (in English) and in the ‘Ei Samai’(in Bengali)on 30.3.2017 published from Kolkata. Despite substituted 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 exparte on 20.06.2025.

3. The Applicant in support of its contention filed Evidence on Affidavit duly affirmed by Ms. Reshmi Kumari, Assistant Managerof the Bank,annexing the various documents which are exhibited.

4. I have perused the documents and Evidence and heard the Ld.

Rina S. 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 Defendants are jointly and severally liable to pay Rs.36,48,866.59P., with interest @ 18.25% p.a. with monthly rest from 01.02.2012 against the Defendants till payment or realization. iii) It is declared that the claim is secured by hypothecation of moveable and mortgage of immoveable property described in the Schedule of immoveable property as described in the Schedule ‘X’ in the OA at page 159. iv) Let, a certificate be issued accordingly. v) Ld. Recovery Officer shall realize the amount as per the Recovery Certificate from the defendants 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-I on 11/11/2025 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.623 of 2013 is allowed and stands disposed of. All the IAs, filed in connection with this OA, are also disposed of. Copy of the Judgment/Final Order be uploaded in the Tribunal’s website.

Rina S. File be 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 10th September,2025) Place: Kolkata ( Ambuja Mohan Das ) Date:10th September,2025 Presiding Officer Page No.- Order Sheet (continuation) Case No. TA 623 of 2013 Bank of India -vs- M/s. SencoJewellery Palace &Ors. Date of the order Order with signature Office action with date and dated signature of parties when necessary 10th September,

Ld. Advocate Ms. Paromita Banerjee, appeared for the Applicant Bank. None appeared on behalf of the Defendants. Matter was heard in open Court on 20.6.2025. 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 Defendants are jointly and severally liable to pay Rs Rs.36,48,866.59P., with interest @ 18.25% p.a. with monthly rest from 1.2.2012 against the Defendants till payment or realization. iii)It is declared that the claim is secured by hypothecation of moveable and mortgage of immoveable property described in the Schedule of immoveable property as described in the Schedule ‘X’in the OA at page

159. iv)Let, a certificate be issued accordingly. v)Ld. Recovery Officer shall realize the amount as per the Recovery Certificate from the defendants 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-I on 11/11/2025 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. 623 of 2013 is allowed and stands disposed of. All the IAs, filed in connection with this OA, are also disposed of. Copy of the Judgment/Final Order be uploaded in the Tribunal’s website.

Rina S. File be 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 10th September,2025) Place: Kolkata (Ambuja Mohan Das) Date:10th September,2025 Presiding Officer