Debts Recovery Tribunals and Appellate Tribunals
SMT.SEEMA TYAGI vs UTTARANCHAL GRAMIN BANK & ORS on 15 October 2026
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**ORDER-SHEET** Page No. ....
**DEBTS RECOVERY TRIBUNAL, DEHRADUN**
**Appeal No. 01 of 2025**
**Smt. Seema Tyagi Vs Uttarakhand Gramin Bank & Ors.**
**Date: 15.10.2026**
Item No.09
Present: Sh. Abhijay Panwar, Ld. Counsel for the Applicant Sh. Ravindra Prasad, Ld. Counsel for respondent bank Called out, Ld. Counsel for the parties has appeared through VC.
The appellant has approached this Tribunal against order dated 05.05.2025 passed by Ld. Recovery Officer DRT-II, Dehradun.
Appellant has also submitted order dated 11.10.2024 in which it is clearly mentioned that the original application No. 199/2012 of the Applicant Bank for issuance of recovery Certificate to the tune of Rs.66,85,258(Rupees Sixty Six Lacs Eighty Five Thousand Two Hundred Fifty Eight only) together with pedente-lite and future interest @12%per annum from the date of filing of the Original application i.e. 27.03.2012 till the loan is fully liquidated and cost succeeds and hereby allowed exparte against Defendant No. 1 to 3 jointly and severally also given finding that the interest was awarded simple interest.
Even though nothing is clear whether the interest is simple or compound in the award only interest @12% per annum. In the order dated 11.10.2024, it is also mentioned that as per calculation sheet filed by CH Bank today @12% per annum simple interest after adjustment multiple deposition made by CDs till date outstanding dues as on 31.07.2024 stands of Rs.1,19,63,542/-. It is much lower than the claimed outstanding dues of Rs.2,22,29,372/- calculated by CH Bank with 12% per annum compound interest.
No any party has challenged the order dated 11.10.2024 against the finding by Ld. Recovery Officer about outstanding of Rs.1,19,63,542/- as on 31.07.2024. Ld. Recovery Officer has also mentioned that the undersign is convinced with outstanding dues calculated as per RC stands of Rs.1,19,63,542/- as on 31.07.2024.
As per order dated 05.05.2025 by Ld. Recovery Officer-II DRT Dehradun the amount in question was of Rs.1,31,43,046.57ps as on 05.06.2023 and again after adjustment amount of Rs.15.00Lacs deposited by the CDs on 26.05.2025. The amount was of Rs.1,18,51,969.72ps. Prior the said amount CDs has deposited **ORDER-SHEET** Page No. ....
**DEBTS RECOVERY TRIBUNAL, DEHRADUN**
**Appeal No. 01 of 2025**
**Smt. Seema Tyagi Vs Uttarakhnd Gramin Bank & Ors.**
Rs.10.00Lacs on 12.11.2024. The Ld. Recovery Officer in order dated 11.10.2024 as mentioned amount due against the CDs was of Rs.1,19,63,542/- as on 31.07.2024 and nothing has been challenged by the Certificate Holder about the said amount also.
It shall be appropriate for the Ld. Recovery Officer concerned to take action for recovery on the basis of amount mentioned in order dated 11.10.2024 of Rs.1,19,63,542/- as on 31.07.2024 which was mentioned by the then Ld. Recovery Officer on the basis of outstanding submitted by CH Bank through calculation on 11.10.2024 as per order dated 11.10.2024. The said amount has not been challenged by any party. Not by Certificate Holder or by Certificate Debtor.
In the light of above, it shall be expedient for the Ld. Recovery Officer concerned to take action for recovery in the relation to recovery Certificate in question on the basis of calculation sheet submitted by the CH Bank for an amount of Rs.1,19,63,542/- as on 31.07.2024 which is mentioned by the then Ld. Recovery Officer in order dated 11.10.2024 and there is no need to Ld. Recovery Officer to enter in previous calculation or statement of the parties after the said situation.
In the opinion of the Tribunal, the Appeal is liable to be allowed partly and the Ld. Recovery Officer concerned is directed to take steps on the basis of amount which was due on 31.07.2024 i.e. Rs.1,19,63,542/- (Rupees One Crore Nineteen Lacs Sixty Three Thousand Five Hundred Forty Two only) as per certificate holder with further interest as per award/recovery certificate and other expenses charges etc.
The Appeal is disposed off accordingly.
A copy of this order be sent to concerned Ld. Recovery Officer for further action and also provide to the parties.
(Umesh Kumar Sharma) Presiding Officer DRT, Dehradun
15.10.2026