PUNJAB NATIONAL BANK vs MR. TRIPTESH DAS on 22 July 2022

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 of Banking all over India

Rina S. including from its Branch Office at 56,Gariahat Road, Kolkata-700 019 commonly known as Ballygunge Branch within the jurisdiction of this Tribunal P.S. Gariahat, for recovery of Rs. 15,97,436/- with interest @ 11.75% p.a. compounded monthly from 01.07.2012 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 ‘Telegraph ’ (in English) and in the ‘Ananda Bazar Patrika’(in Bengali) on 22/09/2015 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 24/06/2022.

3. The Applicant in support of its contention filed Evidence on Affidavit duly affirmed by Mr. Shambhu Nath Gupta, Manager of the 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 Defendants no. 1 and 2 are jointly and severally liable to pay Rs. 15,97,436/- with interest @ 11.75% p.a. compounded monthly from 01.07.2012 against the Defendants till payment and/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 in the OA at page 14. iv) Let, a certificate be issued accordingly. v) Ld. Recovery Officer shall realize the amount as per the

Rina S. 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 on 24/08/2022 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.845 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 Steno, transcribed by her, corrected, signed and pronounced by me in the open Court on this the day 22nd July ,

Place: Kolkata ( Ambuja Mohan Das ) Date: 22/07/2022 Presiding Officer

Rina S. Page No.- Order Sheet (continuation) Case No. TA/845/2013 Punjab National Bank vs Mr. Triptesh Das & Ors. Date of the order Order with signature Office action with date and dated signature of parties when necessary 22/07/2022 Ld. Advocate Mr. Onkar Ganguly appeared for the Applicant Bank. None is present on behalf of the Defendants. Matter was heard in open Court on this the day of 24/06/2022. 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 no. 1 and 2 are jointly and severally liable to pay Rs. 15,97,436/- with interest @ 11.75% p.a. compounded monthly from 01.07.2012 against the Defendants till payment and/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 in the OA at page 14. 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 on 24/08/2022 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.845 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 Steno, transcribed by her, corrected, signed and pronounced by me in the open Court on this the day 22nd July , 2022) Place: Kolkata ( Ambuja Mohan Das )

Rina S. Date: 22/07/2022 Presiding Officer