Debts Recovery Tribunals and Appellate Tribunals
UNION BANK OF INDIA vs GANESH EKNATH on 13 February 2019
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IN THE DEBTS RECOVERY TRIBUNAL . III AT MUMBAI
DATED THIS 13th DAY OF FEBRUARY 2019
PRESENT : SHRI. T S ASO(RAJ
PRESIDING OFFICER
T O A No. 1666 of 2016
Union Bank of India,
a body corPorate constitutcd untlcr tllc Llanking Companics (Acquisition & TransIcl o[ U
Ai:t, 1970 and having its Central Officc at Union Bhava1.I, 239, Viclhan Bhavan NIarg, N{Lnrbai - and am()rlg other branches one Branch at ,122 / 23, "Nlarathn Nlanclir/' Brril,-ling, \{
Clandhi ltoacl, ^\ashik -'122 001 through Brarch llcad and Chref \lauager'
VERSUS
L N{r'. Ganesh Eknath Lonclh-",
-!la t No. E, Avani
Tlimlllti Cho* k,
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APplicant
De{enLlaut No. I
2. NIrs. Chhava
IIat No. 8,
Durga Nagar,
Tdm
- 422 008
Delcnllant No. 2
ar.lsaheb (lairntlr,
a t Iousing Socictl,
Nirgar, Kamiltrvadc Shivar,
Dcierldant No. 3
Trim
Chortk, CIDCO Nashik 122 (lOE
Present
Shri. Vilas D Deshmane, A(ivocate, Coutscl Iol APPlicant Bank Defeldanls rcmaiicd ex-Par'tc 'lhis Original APPjiratiolr (O,\) is liletl b) ApPkant urrdcr Scctirn 19 of the llccover',v oI Debts Due to Llalks ancl Fjnancial hrtitutions Act, 1993 ("RDDB ''\ct")
(sjncc changell to "Recoverv of Delts an.l Earkruptc)' Act, 1993") ilgirjnst the Defenddnts Ior the rccover'! of a surl agglegating to Rs' 26,13,106/ (Rupces 'I'$ ent]'
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br1.,
Presented on | 06/07/2075
Registered on I 19/05/2016
Transf er1ed on : 03/10/2016
Decided or.:.a3/042079
Duiation : 24(D)/08(M) 2(Y)
k"t#
Order ToA I 666 ol 20 I 6 (E\-pate)(liinal)
Six lacs l'hiltecn thoustrnrl One hunc{r-e,.l and Six onl)) in rcsPect oi thc crellit facilit}
mcntioned i1 the ()A alon8\\'ith cost, chdrgcs, l7e,de,1i{'Lir'Iuture hierest as stated therein frolr thc clate oI filing of this OA till its lcalisatioll'
Applic.lnt is a Bank within Scc. 2(l) of the RDI)B Act dnd lerl'lcr ot (rL'dit facilitl lo Dcfc,:ndant No. I and 2.
I)efp dant No. 1 to 3 a1e individuals. Delcndant No. 1 and 2 jo facilitv by way of housulg loan fro[r the ,'\pp Ior provicled additiolal sccuritY b-\'r{'av oI personal 2 and on the basis oi Factual matrix :
Citations and Judicial Treatment
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1. (a) As pcr- OA, at the requcst oI h respect
(b) No. 1 Delcndant No. 3 olferilrg personal gueralltee, Applicant provided to Defendant No. 1 and 2, a lluPcc I'erm Loan ol Rs. 22,66,000/- (Hl-") for the puriase of Flat baseLl on the .locu mentation arld sccuritv creation bv Dcfcldant No' 1 and 2 and the additional s of persol1al Suarantee bv Defe[dant No. 3- As se.udtv for the No. 1 ancl 2 crecutccl a Sinple \'lortgirgc Deed Iavour of the /\Ppli.ant and legisterccl thc cl irr Assur'ancr'. Nashil t No. I and 2lailcd and ncSlectccl to rePav thc dues in and also neglecied to obscrve thc terms arld conclitions the HL \a.as sanctiolell as statccl in the O,'\. Iurther it is that Dcferlllant No. I ancl2 alongt'ith a ferv othcrs comnriltell fraull ir rcsfe.t of thc Flat nlortgag(:d to lhe ,\PPliialrt ancl .\pplicirnt iilcd IIR rvith Sarkarlvada Policc Stattnl, Nashik -\pfli.irIrt, conscquenllJ, issued Recall Noticc through its Advocate to the Defen(la[ts calling uiron thent to repav the entirc outstanding arnou t of the HL and, on lhe fajlure to repir\', the OA hirs been filed Parties l O,Jer IOA l{j66oi 2lrl6 (E\-po.lc)(l i.al)
2. (a) l'ribunal, aFt-"r siltis8'ing itself oF thc OA being l\'ithill ljrritirtion ancl falling '!!ithirl its tcrritorial jurislli.tion as Pcr RDDB /\ct, ()rdered issul'arf Suln onsto Dcfenclants.
(b) Transfcr Noti.es alongwith Or\ copjcs welc scnl k) thc l)eiendirnts through Rcgistered SPec,-l I'ost. As per dorvn[rarl Ilonl the.ompulerised posta] ,r-ti'le delivery hacking 5\'stern, the Posttll covers havc been rleliverecl on the respccti.!,e Defendants. Applicant lilcd necessaly Affidavit in \lrilten Stalencuts, the Defetdants lier-6 sct cx-Parte on Order of the Tdbunal. Proceedings: ,\s Llirectcd bv the Tribunal, Aplltnnt filcd, through Nlrs Bhagl'ashree Ajil Samant, Senio Nlirnailcr, ClaiDl Affidirvit cncl()sing valiotrs lJocllmL'nts as file an 'S*
Annexulcs (which have Lreen taken on record b,v the Tlibunal and markcd as "Exhibits") and also filed a recovery [rade after Iiling s the OA (marked as E -/\ccount to A.t, 2000 and Documerlts erlclosing Certificcl Statement oI t issuerl uncL,r Tnformatior Technololil Books oI Eviclencc Aci, 1E91. Of the .l gone thlough by the lribunal, the Iollorving ribunal to consider and dispose of the OA on merit. S. No Itlcility Doculnent Exhibit I :!. Rupee'lerm l-oan (Rs. 22,66,000/ ) Housing Loan Sanction [,etler (C)liice Cop] ) "74" Simplc NlolgilgL' Det'cl i/r of FJat purchasecl out of HL(Regd rvith SRO, Nashik-5) (Orignlal) "7'1" D-"mand Plomissory Notc (Orignral) " 12" Housing Loan Agreenlent (Original) "13" Personal Cuarantee of Def 3 (Od) "15" Itccall Notn:e (Officc Copl ) this regarcl.
(c) As Defenclants did not appcal ci rt'r in pcrson or tlnough "-t8"
Orlcr IOA 1666 ol 20l6 (i:\ nancl(Fin.l) Observatio1r on Evidences provided& Claim 43!9: Thc Statcrncnt of Accouni filed b1. thc Applicant, certiJied as per Bankers Books oI Evidence Act, 1891 reacl rvith the Ptusis (Exhibit "25") $'herebY it rvas in.li.ateLl thai, altcr liling OA, the Dcfcncldnts LlepositL'cl Rs. 19,5t10/ , tatli,'d rvith claim in OA leavrng Rs. 25,91,606/ (RuPees Th'enh ljive ldcs NinetY Thrce thousl d Six hundrcd anrl Six ori\J to be re.ovcrcd Further, d1c case oI
4. the Applicant js baserl on valioLts I)o.umcnts (hcluding r'clerred lxhibits) filcd alongi{,ith Clai1}l Affidavit, l{'hich is a srv Erhibits anr-l Claim -Affidavil ancl oth-"r cvid which let in b1e t and the Aplrtica[t has provcd its case be]'ond sanctionilg thc HL, completing the extcnt ol bursement of thc Hl.. The -,\pplicant has claimcc{ inler-.st at the late oI 10.2596 P.a. \\ith nrollthh rests and pcnaljnleresl at the rate oI 2.00j1, p.a. (on sirrPle irtcrcsl basis) boih from lh.'dale of lilin8 of the O,\ til1 its rcaljsalior. IlaYing rcgarcls to Sec. 19(20) of tlle RDDB Act (which is to Sec. .1.1 of Civil l'ro.e.lure Code, I90E) the contract filing of the future in Ia.ility, Lretween the d Defendants conres to a cnd on lh-D discretior in awardirlg Pencicntehte and rate of intclcst charged by banks lor si1rrilar' that jrtcrest of justicc t'ill be served if the rate rate oi 10.009" p.a. on simple rnterest basis In t of abovc discussions, the Original Application is beirg allowed and C)rder passecl on lhe ioll(xvin8 hrms ORI)ER
(i) This Original Application is allorvecl with.osts and decree to be isslled on the terms set out below; has gone unchallenged. In mv vi('ri,/i Lher'e is no questiot of the by the doubt to
(ii) There shall bc a DL'crcc in lavoul of tllc APtlnant for Iis. 25,93,606/ (Rupees Trventy Fivc lacs Ninetv Thee thousand Six hundred ant1 Six only) alongrvith [ulure intercst rlt the rate of 10.009" P(aI' annurn (on siDrplc interest basis) from thc date of filing of the Original Applicati()Il till the date of rcalisation i] rcsPect oI Housing Loan ("Decreed r\moullt Ior I IL")j
(iii) Defendant No. l and 2, the Bolro\\'els, and Dcierldant No.3, antol, aIc Ordcr IOA 1666 ol20l6 (Ex-pa,le)(Fi,ral) dcclarc, on oalh, to the Rerc\,er)' Olli( er,
(iv) DefenLl.mt No. 1 to a Debts Rccovcr] l ribunal - III, \1umbai, boLh llrovt-able ancl immovcable assets of thcirs for the plrrpose oI ati.lch1nent anrl salc.rs clire.ted undcr Clausc (iii) No. 1 to 3 arc injunciecl flom dealing rvitl1 the asset describcd inExh rlsscts dcclared on oath as pcr Clause (ir) above in anv [laDner (") "11 whitlsoever till the complete recovery of Dccreecl Anount uDcler Clause (ii)
(vi) Iiccovcr,l Certifjcaie be issue.l forth( ith as per dbove dccrcc anrl sent to the Ilccovcr\, C)fficcr, l)ebls lieco|er\. Tribunal lll, N1unll.ai; ordered to pay, joirltly and severallv, to the APPlicant, r"'ithin a Period of 30 ,-la-ys, the De.reerl Anlountfor ITT, nd, in the event oI the Defenclants faili[g to pay anrl clisdrtrrgc the dues as Llircctcd or in lhe cv.rlt of shortfall. the asset, the Ilat, forming securitJ for tltc Housing Loan (covered bv Exh "1l") bc attached / taken possession oI and be sold trnd, aftcr Paf irtg t1n,-l satisfl i g the Decre.d Amount fol HL Lrr the shortfatl, as thc case mav bc, the surPlus, iI any, bc retunled irrd paid to Dclcndant No. 1 and 2. Conlrarily, in the event of IlrrlhPr shortfall, th-" Defcnc{ants be proceeclecl against personally b1 n'av of personal der::ee and personal assets / estat-"s of Dcfenc{ant No. 1 to 3 be attachcci and solcl ior realisir,g the ducs / shottf;rll, as the casc rnay bei Ordcr'lOA l66rj ol20l6 (E\_par1c)(l i.al)
(vii) Parties arc LlirectL'cl to afpe.lr beforc thc Ileoverv C)fiiccl' Dcbts Rccovcrv Tr-ihunal TIL Nlumbai;
(viii) Copics oI {inal orcler bc sent to all concerne'1 Irce oI cost and File be cor'IsiSned
Debts S 1'
- TI, bai. (Plonounced j:u opcn Court) Dated : 13tr' [cbruarY 2019 ,4b qr q '; "-'{ \-'t .3;& * \d _--_\l