Debts Recovery Tribunals and Appellate Tribunals
SMT SHAHANA BEGUM WO SH SH AKHTAR ALI vs STATE BANK OF INDIA on 18 March 2026
**ORDER-SHEET** Page No. ....
**DEBTS RECOVERY TRIBUNAL, DEHRADUN**
**M.A. No. 89 of 2024**
**Smt. Shahana Begam Vs. State Bank of India**
**Date: 18.03.2026**
Item No.16
Present: Applicant in person
Sh. A. K. Bansal, Counsel for the Applicant Sh. Vijay Bhushan Pandey, Ld. Counsel for Respondent Bank Sh. Sharad Singhal, Ld. Nodal Officer for Respondent Bank Smt. Chanderkala Bhoj, Ld. Chief Manager of Respondent Bank Called out, Ld. Counsel for the parties present. Ld. Nodal Officer for respondent bank and Ld. Chief Manager of Respondent Bank in person present. Applicant in person present.
The Applicant is purchaser of the Secured Assets and has already repaid Rs.20,50,000/- (Rupees Twenty Lacs Fifty Thousand only).
Today the applicant has proposed Rs.28.00Lacs for settlement and also stated that he is not in a position to repay any single pie more than that. On the other hand, Ld. Authorized Officer of the Respondent Bank has stated that after calculation and exercise again and again the respondent bank is not in a position to settle the matter below Rs.33.00Lacs today.
After considering whole of the situation and auction sale notice dated 27.02.2024, which was issued by the respondent bank by fixing reserve price on Rs.31,20,000/- and some other circumstances submitted before the Tribunal by the Applicant, it shall be expedient for both the parties, if the applicant shall repay Rs.10,50,000/- in addition to the amount of Rs.20,50,000/- which has already been paid by the applicant to the respondent bank during hearing by the Tribunal Securitization Application and in this Miscellaneous Petition, shall be fruitful for the applicant as the applicant has already paid purchase price to the seller, who is the borrower/mortgagor of the property in question. The said situation shall be fruitful for the respondent bank as litigation come to an end by recovery of Rs.31,00,000/- (Rupees Thirty One Lacs only) after classification of account as NPA in 2019.
The Applicant shall repay Rs.10,50,000/- (Rupees Ten Lacs Fifty Thousand only) in the following manner.
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1. 1. Rs.2,50,000/- (Rupees Two Lacs Fifty Thousand only) on or before 30.03.2026
2. 2. Rs.2,50,000/- (Rupees Two Lacs Fifty Thousand only) on or before 30.04.2026
**ORDER-SHEET** Page No. ....
**DEBTS RECOVERY TRIBUNAL, DEHRADUN**
**M.A. No. 89 of 2024**
**Smt. Shahana Begam Vs. State Bank of India**
1. 3. Rs.3,00,000/--(Rupees Three Lacs only) on or before 30.05.2026
2. 4. Rs.2,50,000/--(Rupees Two Lacs Fifty Thousand only) on or before 30.06.2026.
After deposition of the settlement amount by the applicant, the respondent bank shall transfer physical possession of the property in question to the applicant within a period of ten days.
If the Applicant shall fail in repayment of amount, at any stage, as mentioned above, in this order, the respondent bank shall be free to take action for recovery in accordance with law.
This settlement is only up to the extent of secured assets those are purchased by the applicant. The borrower shall not be entitled for any benefit of this settlement. The applicant shall also be entitled to recover from the seller of the property in question through legal recourse available to him as the applicant has paid Rs.30,50,000/- to the secured creditor against the borrowed money on the basis of mortgage of secured assets, mortgaged by the seller in favour of respondent bank at the time of getting financial assistance.
No any purchaser of the secured assets in other cases shall be entitled to take benefit of this order in frequent manner.
In the light of above observations, the petition is disposed off accordingly. No order as to cost.
Interim order, if any, vacated. All interim applications are disposed off accordingly.
Record be consigned.
(Umesh Kumar Sharma) Presiding Officer DRT, Dehradun
18.03.2024