DEBT RECOVERY APPELLATE TRIBUNAL
Mr. Justice Anil Kumar Srivastava, CJ
State Bank of India – Appellant
Versus
M/s. Kamyab Television Private Limited – Respondent
| Table of Content |
|---|
| 1. background of the appeal and parties involved. (Para 1 , 2 , 3) |
| 2. arguments regarding the one time settlement scheme. (Para 4 , 5 , 6) |
| 3. court's analysis on the ots scheme and its implications. (Para 7 , 8 , 9) |
JUDGMENT : 7th July, 2025
THE APPELLATE TRIBUNAL :
1. Heard the Learned Counsel for the Appellant and perused the record. None appears for the Respondents despite service.
2. Instant appeal has arisen against judgment and order dated 21.2.2019, passed by Learned DRT, Cuttack, allowing M.A. 09 of 2019. (State Bank of India -vs- M/s. Kamyab Television Private Limited & Others).
3. As per the pleadings of the parties, it appears that an O.A. was filed by the Bank for realization of a sum of Rs.5,81,26,384.02p wherein the Respondents No. 4 and 5 herein were a mortgagors. It appears from the record that the Respondent, namely, Manoj Dash, was in judicial custody in some matter. One OTS Scheme, being SBI One Time Settlement-2017 was floated by the Appellant Bank for settlement of N.P.A. and Aucas in Manufacturing Trade, Services and Agricultural Sector, being SBI OTS 2017, which was in force wherein the proposal for One Time Settlement was arrived at between the part
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