Punjab National Bank Loan Default: Debt Recovery Tribunal Restrains Liquor Baron Shiv Lal Doda From Leaving Country

The Chandigarh Debt Recovery Tribunal has restrained liquor baron Shiv Lal Doda from leaving the country in a case involving a default of Rs 17-crore loan he had availed from the Punjab National Bank (PNB).

Incidentally, Doda and 23 others were also sentenced to life imprisonment recently for the murder of his former employee Bhim Sain Tank in December 2015.

The tribunal has asked asked Doda, his brothers Joginder Pal and Avinash Doda, Joginder’s son Sanal Doda, Shiv Lal’s wife Sunita Doda, their son Gagan Doda, daughter-in-law Suhani Doda and five others to submit details of their passports and properties within 15 days.

Further, the tribunal has also restrained them from transferring their properties in someone else’s name.

The tribunal passed the order based in response to a petition filed by the Punjab National Bank against Gagan Wine Trade and Financers, in which Doda is a director. His family members and others who have also been put on notice are either directors or mortgagers.

The loan of was secured for Gagan Wine Trade and Financers.

The bank had pleaded that Doda and others be directed to give details of their properties and a commissioner be appointed to take inventory of their assets. It was also demanded that they be asked to deposit their passports.

It was argued that sureties pledged are not sufficient to discharge the entire liability and they may flee the country.

The tribunal has appointed a court commissioner to prepare an inventory of their assets.

Copies of the order have also been sent to the passport offices in Chandigarh, Jalandhar and Delhi so that the accused cannot flee India.