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Sunday, August 11, 2019

Doda, others barred from leaving country


Doda, others barred from leaving country

Saurabh Malik

Tribune News Service

Chandigarh, August 10

Acting on a bank’s plea claiming that Rs 17.58 crore was due towards Gagan Wine Trade and Financers Limited and its functionaries, Chandigarh Debt Recovery Tribunal-I has restrained its director Shiv Lal Doda and nine others from leaving the country without prior information to the court. Doda and 23 others already stand convicted and sentenced to life imprisonment for the murder of a former employee Bhim Sain Tank.

“The defendants, their agents, heirs, servants, assignees, etc, are also restrained from transferring, alienating, selling or otherwise dealing with, or disposing of mortaged properties in any manner, whatsoever, till the disposal of this case,” DRT-I presiding officer Harcharn Singh added.

The directions came on an application filed by Punjab National Bank against Gagan Wines and 11 others for recovery of Rs 17.58 crore. Appearing before the tribunal, bank counsel claimed that a huge amount was due towards the defendants for which a suit was pending against them.

The tribunal was told there were apprehensions that the defendants may flee from the country in order to frustrate recovery proceedings and evade liability as “the bank is most likely to have a decree against them”. Taking up the matter, presiding officer Harcharn Singh asserted that it had been found that the banks coming out of slumber were not providing sufficient information relating to passports so that the “defaulters of the nation” could be rounded up before they took the financial institutions and the courts for a ride and tarnish the country’s image by destroying national resources for own luxurious life.

Presiding officer Harcharn Singh added that the tribunal had found that the defendants failed to pay their dues after their accounts were declared non-productive assets, for which the bank was pursuing the matter under the SARFAESI Act. Before parting with the order, the tribunal also appointed a local commissioner to prepare inventory.

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