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IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA
(ApplNo. 183 of 2018)
(Arising out of S. A. 02 of 2017 in DRT-2,Hyderabad)
THE HON’BLEMR. JUSTICE ANIL KUMAR SRIVASTAVA
CHAIRPERSON
1.
Smt. Doddu Sharadha, W/o. Late Sri. D. Jangaiah, Aged about 55
years, R/o 3-4-151 Sy. No. 41/13, LB Nagar, Ranga Reddy District.
…Appellant
-Versus-
1.
Authorised Officer, State Bank of India(Formerly known as State Bank of
Hyderabad) Nandyal Branch, Deshpande Buildings, Tekke, Nandyal -
518501, Kurnool District, A.P.
2.
M/s. SPR Rural Godowns, Represented by its partners, Smt.Seelam
Aparna, W/o. Sri. S. Pratap Deddy,H.No. 28-783/B5, NGO’s Colony,
Nandyal, Kurnool District, AP.
3.
Sri Doddu Satyanarayana, S/o. late Sri DodduJangaiah R/o. 2-4-680/23,
Kachiguda, Sundernagar, Hyderabad.
THE APPELLATE TRIBUNAL :
JUDGMENT
:
On 24th August 2022
The instant Appeal has arisen against a judgment and
order dated 14th September, 2018 passed by Learned DRT
Hyderabad in SA No. 02 of 2017 whereby the Learned DRT has
dismissed the SA filed by the Appellant.
As far as pleadings of the parties are concerned, the
Appellant is a third party to the SARFAESI proceedings. Her
husband namely Sri D.Jangaiah was allotteeof plot of land
bearing plot No. 204, measuring 240 sq. yards forming part of
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Sy. No. 49/13, Bahadurguada, Ranga Reddy District. Her
husband died. A gift deed was executed by her in favour of
her son Sri D. Satyanarayana who is Respondent No. 3. It is
alleged that gift deed was fraudulently obtained by the
Respondent No. 3 which is under challenge before the Civil
Court.
Respondent No. 3 executed a General Power of
Attorney in favour of one Sri Jitendra Lal and Sri Pratap Reddy
who in turn sold and transferred the said property to the 2nd
Respondent namely M/s SPR Rural Godowns who is partners of
Smt. Seelam Aparna, wife of S. Pratap Reddy who in turn
mortgaged the property in favour of the Respondent No. 1 for
availing the loan facility.
A sale notice was issued by the Respondent No. 1 on
21.10.2015. Appellant came to know about the mortgage.
Accordingly, he filed a SARFAESI Application with the aforesaid
facts before the DRT.
Respondent No. 1 and 2 filed their reply and stated that
the Respondent No. 3 had executed the General Power of
Attorney in favour of Sri Jitendra Lal and Sri Pratap Reddy.
Respondent No. 3 got the property on the basis of the gift
deed executed by the Appellant. Thereafter, the General
Power of Attorney holders sold the property to Respondent No.
2 who in turn mortgaged the same to the Respondent No. 1.
When the loan account was irregular, it became NPA and
proceedings
under
SARFAESI
Act
were
initiated
on
21.10.2015. It is alleged that the scheduled property belongs
to the Respondent No. 3.After the death of her husband
Appellant inherited the property who executed the gift Deed in
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favour of the Respondent No. 3. On the basis of the gift Deed,
General Power of Attorney was executed. Secured asset forms
part of Sy. No. 49/13 which is listed as one of the properties
which
are
listed
in
the
list
of
prohibited
properties.
Accordingly, SA is liable to be dismissed.
After going through the record, Ld.DRT recorded a finding
that there is no dispute regarding the identity of the
mortgaged property mortgaged to the 1st Respondent Bank by
2nd Respondent in favour of the Respondent No. 1 who
executed survey No. 49/1. Accordingly, SARFAESI Application
was dismissed.
Learned Counsel for the Appellant submitted that initially,
the patta was executed in favourof Late Jitendra Lal, husband
of the Appellant. Admittedly he died in the year 1996. In the
Patta certificate survey Number is mentioned as Sy. No. 49/13
while in the secured asset it is mentioned as Sy. No. 49/1. In
the gift deed survey number is mentioned as 49/1. Hence, the
property is not identifiable. It is further submitted th
…