Debts Recovery Tribunals and Appellate Tribunals
PRAMOD JOSHI vs BANK OF INDIA on 1 October 2026
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**ORDER-SHEET** Page No. ....
**DEBTS RECOVERY TRIBUNAL, DEHRADUN**
**S.A. No. 268 of 2026**
**Pramod Joshi Vs. Bank of India & Anr.**
**Date: 01.10.2026**
Item No.12
Present: Sh. Jitendra Joshi, borrower/brother of Applicant Sh. M. K. Sherwani, Ld. Counsel for the Applicant Sh. Swaran Singh, Ld. Counsel for respondent bank Ms. Simmi Chaudhary, Ld. Nodal Officer for respondent bank Sh. Chandra Mohan Kandpal, Auction Purchaser in person Called out, Ld. Counsel for the parties present. Ld. Nodal Officer of respondent bank present. The borrower/brother of applicant and Auction Purchaser in person present.
The property was mortgaged by applicant Sh. Pramod Joshi in relation to financial assistance. Mr. Jitendra Joshi is the borrower and Respondent and approached this Tribunal against auction sale after issuance of notice by the respondent bank.
The Auction Purchaser Sh. Chandra Mohan Kandal and Respondent Sh. Jitendra Joshi has appeared today. The Respondent/borrower Sh. Jitendra Joshi and Auction Purchaser Sh. Chandra Mohan Kandpal have arrived at settlement in relation to the property in question.
The property description – Khasra No. 86,87,88,89,92,93,95(Pvt. Shop No. 08 area 300 sq ft. or 22.88 sq mtrs. at village Gorakhpur Talla Haldwani Distt. Nainital in the name of Pramod Joshi.
Sh. Jitendra Joshi has paid the amount in relation to the auction money as settled between the parties the Respondent/borrower and Auction Purchaser.
The Auction Purchaser surrendered his right in relation to the auctioned property which was auctioned on 18.03.2025. The Auction Purchaser has provided photocopy of sale certificate with endorsement that Auction Purchaser shall provide original sale certificate dated 10.06.2026 within a period of one week to the borrower.
**ORDER-SHEET** Page No. ....
**DEBTS RECOVERY TRIBUNAL, DEHRADUN**
**S.A. No. 268 of 2026**
**Pramod Joshi Vs. Bank of India & Anr.**
In the light of settlement between the Auction Purchaser and borrower in relation to the property auctioned, the respondent bank is directed to cancel the sale certificate in question within a period of 10 days from the date of this order.
If any amount due against the borrower in relation to loan account in question for which respondent bank is entitled to recover, borrower Sh. Jitendra Joshi shall be liable to pay for the said amount as the respondent bank has already recovered amount against the mortgaged asset. It is expected from the respondent bank, if there is any possibility for settlement by granting any relief to the borrower, the respondent bank shall take step amicably for settlement and the borrower shall also approach the respondent bank for the same within a period of 10 days from today.
In relation to settlement, previous order passed in S.A. No. 103 of 2025 Pramod Joshi Vs. Bank of India and M.A. No. 46 of 2026, the Auction Purchaser and borrowers shall be bound by the said orders and the Auction purchaser has no right to claim against the auctioned property after passing this order and sale certificate has become infructuous.
After settlement between the Auction Purchaser and borrower, no controversy rest between the borrower and Auction Purchaser after passing this order.
Hence this Securitization Application No. 268 of 2026 and M.A. No. 46 of 2026 is disposed off accordingly.
Interim order, if any vacated. All Interim Applications are disposed off in the light of above.
Record be consigned.
Copy of this order be placed on M.A. No. 46 of 2026 Pramod Joshi Vs. Bank of India (Umesh Kumar Sharma) Presiding Officer DRT, Dehradun
01.10.2026