The Tribunal allowed an application under Section 19 of the RDB Act. It held that the bank proved the loan of Rs.20 Lacs was advanced. The due amount of Rs.45,41,164/- was directed to be recovered via sale of mortgaged land from the defendant.
Recovery of Rs.45,41,164/- allowed; Recovery Certificate to be issued; Recovery Officer to sell mortgaged land.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 311/2022
Date of Institution: 04.02.2022 Date of Decision: 05.09.2023
Punjab National Bank, a branch amongst at G.T Road, Jalandhar.
……..Applicant
Vs.
Sh. Swaran Singh S/o Sh. Kesar Singh, R/o Village Dhaliwal Dona, PO Mansurwal, Tehsil and District Kapurthala.
……….Defendant
Advocates
Ms. Puja Sharma, Counsel for the applicant bank. Defendant – ex parte
OA for the Recovery of Rs.45,41,164/- with interest @10.80% per annum with half yearly rests from 31.12.2021.
ORDER
2
2 issues framed by the court
Whether the applicant bank is entitled to recover the dues of Rs.39,54,100/- from the defendant.
Whether the mortgage land can be sold to recover the dues.
2 provisions across 1 enactments
Punjab National Bank, a branch amongst at G.T Road, Jalandhar
A S NARANG
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
