The Debts Recovery Tribunal allowed the applicant bank's application for recovery of Rs. 53,53,514.54 plus interest against the defendant vide mortgage and personal property sale, finding the bank's case proved.
Recovery Certificate issued for Rs. 53,53,514.54 with interest; recovery to be effected by sale of mortgaged land and personal property.
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: 323/2022 Date of Institution: 08.07.2021 Date of Decision: 27.07.2023 State Bank of India, one of its branches situated at Talwandi Bhai, Tehsil ……..Applicant Vs.
State Bank of India, one of its branches situated at Talwandi Bhai, Tehsil and District Ferozepur, Punjab.
Buta Singh S/o Sh. Teja Singh, R/o Ward No.12, Moga Link Road, Talwandi Bhai, Tehsil and District Ferozepur, Punjab.
……….Defendant
Advocates
Sh. Atul Mahajan, Counsel for the applicant bank. Defendant – ex parte OA for the Recovery of Rs.53,53,514.54p with interest @11.40% per annum with half yearly rests from 08.07.2021.
ORDER
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(fully detailed in para No.3(A) of the application). The said loans were chargeable different rate of interests with half yearly rests. On 08.07.2021, a sum of Rs.53,53,514.54p was due from the defendant. Despite repeated request, defendant did not make the repayment. Hence, this application.
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2 issues framed by the court
Whether the bank has proved its case for recovery of the loan amount and interest against the defendant.
Whether the application for recovery of dues under Section 19 of the RDB Act should be allowed.
2 provisions across 1 enactments
State Bank of India
Buta Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
