Appeal No. 14 of 2008. Case: Balkrishna Sandeepkumar Vs Union Bank of India. Mumbai Debt Recovery Tribunals
| Case Number | Appeal No. 14 of 2008 |
| Judges | K.J. Paratwar, J. (Presiding Officer) |
| Issue | Banking |
| Judgement Date | Friday October 10, 2008 |
| Court | Mumbai Debt Recovery Tribunals |
Judgment:
K.J. Paratwar, J. (Presiding Officer)
The order Dt. 24.01.2008 passed by Recovery Officer [R.O.] [Shri Udai Pal Singh] of this Tribunal dismissing the Appellant's-Intervener's application in Recovery Proceeding [R.P.] No. 40 of 2006 for protecting occupancy rights in the following properties under challenge in this Appeal;
i. Godown No. 201, Building No. C, Antop Hill Warehousing Co. Ltd., Antio Hill Warehousing Complex, Wadala [East], Mumbai 400 037;
ii. Plinth No. 3 and,
iii. Plinth No. 4 both situated at Sakharam Compound, Village Rahahal, Taluka Bhiwandi, District Thane.
In the Recovery Certificate [R.C.], the property has been declared by this Tribunal to be mortgaged.
The Appellant's case before the learned R.O. and this Tribunal is that the Certificate Debtor No. 1 had purchased the property in February - March 2000 from the funds [Rs. 15 Lacs] advanced by it with understanding that the Appellant-Intervener can use and occupy the property until the repayment. The parties had accordingly entered into an agreement of lease Dt. 21.09.2000. The terms were confirmed by deed of lease Dt. 30.12.2000. It is the Appellant's case that the Certificate Debtor No. 1 confirmed receipt of the security deposit in its audited balance sheet as on 31.03.2001. The contention is that the disposal of the attached property can be done subject to his occupancy rights.
Vide reply in the nature of affidavit of Mr. S.B. Sapkale, the Respondent Bank resisted the application by contending that the Intervener [who was Director of Certificate Debtor No. 1 Company] was party to the O.A. and is thus Certificate Debtor. In the O.A. he did not bring on record the facts averred in this matter. The...
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