R.K.GUPTA
Achala Gupta – Appellant
Versus
Bank of Baroda – Respondent
R.K. Gupta, Chairperson, J.—The present Appeal has been preferred by the appellants under Section 20 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 challenging the order passed by the Tribunal on 12th July, 2013 while exercising the powers vested with it under Section 30 of the said Act, 1993.
2. The relevant facts for adjudication of the present case are that according to the appellant No. I she is the owner-of the property in question: The appellant No. 2 was the guarantor and the loan transaction was made in favour of the Certificate Debtor firm namely United Soya Products Ltd. The Bank filed a Civil Suit for recovery of its dues and ultimately the said Civil Suit could not be decided by the Civil Court and after promulgation of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, the said Civil Suit was transferred to Debts Recovery Tribunal which was registered as T.A. No. 1172/1998 and the same was allowed by the Debts Recovery Tribunal by its order dated 16th August, 2000 and the Recovery Certificate was issued. The appellant No. 2 was also jointly and severally held liable to the due alongwith principal borrower.
3. Afte
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