PUNJAB AND SIND BANK vs SH. HARISH BHASIN AND ORS.

Judgment text excerpt

$~44 * IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 30th APRIL, 2025 IN THE MATTER OF: + W.P.(C) 12001/2018 PUNJAB AND SIND BANK .....Petitioner Through: Ms. Seema Gupta, Adv. versus SH. HARISH BHASIN AND ORS. .....Respondents Through: Mr. Tushar Thareja and Ms. Archisha Satyarthi, Advs. CORAM: HON'BLE MR. JUSTICE SUBRAMONIUM PRASAD HON’BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR JUDGMENT (ORAL) SUBRAMONIUM PRASAD, J. 1. The Petitioner herein seeks to challenge a Judgment and Order dated 21.08.2018 passed by the Debt Recovery Appellant Tribunal (hereinafter referred to as “DRAT”) setting aside the Order dated 05.09.2014 passed by the Debt Recovery Tribunal (hereinafter referred to as “DRT”), whereby the DRT has disposed of an original application being O.A. No.56/2004 filed by the Petitioner herein and directed the Registry of the DRT to issue a recovery certificate for the sum of Rs.3,38,34,981.32/- alongwith the accrued interest @ 10% from the date of filing of the said application. The entire order of the DRT is reproduced hereinunder:- “The ld counsel for the applicant bank submits that the Signature Not Verified Digitally Signed By:HARIOM SINGH KIRMOLIYA W.P.(C) 12001/2018 Page 1 of 5 Signing Date:15.05.2025 16:53:49 applicant has already received a sum of Rs.2.05 crores from the defendants no.3, 4 and 7 and in view of the same these defendants no.3, 4 and 7 have been released from this matter. She further submits that this Tribunal, vide its order dated 31.01.2013, directed the defendants no.5 and 6 to clear the balance dues of the applicant bank alongwith future interest @ 10% simple within a period of 60 days but till date these defendants have not cleared the balance dues of the applicant bank and she has also prayed for issuance of recovery certif