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J.M.MALIK
Satish Chander Gupta – Appellant
Versus
State Bank of India – Respondent


JUDGMENT

J.M. Malik, Chairperson—It is transpired that respondent No.1 is a Company. It deems to have been served as this appeal has been filed by the then Magistrate Director himself. Respondent No.3 is one of the alleged guarantors in this case. There is affidavit regarding service on respondents 2 to 4. Notice have been sent to them by Speed Post on 6.11.2009. Order dated 14.12.2009 passed by the Officiating Registrar, DRT-I, Delhi in the O.A. clearly goes to show that counsel for defendants 1, 2, 3, 4 and 5 appeared before the Registrar and stated that the appeal filed by them in DRAT is fixed for hearing on 21.12.2009. Counsel for defendant No.3 was also served with a copy of the appeal before the Officiating Registrar. Consequently, the service stands completed.

2. I have heard the counsel for the State Bank Mr. Bakshi Uday Dip Singh. He contends that the entire settlement amount stands paid. The payment was made by the appellants only. But the Bank has still got claims against the other defendants.

3. The respondent Bank has filed a recovery suit in the sum of Rs. 8,00,48,755.48 along with pendente lite and future interest at the contractual rate against the appellants as wel




























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