Special Bulk Applications Recovery Tribunal allowed the applicant bank's application for recovery of Rs 29 lakhs and interest against the defendant who failed to repay the loan despite service of summons and mortgage of agricultural land.
Application allowed; recovery of Rs. 29,06,509/- with interest directed via sale of mortgaged land and personal property.
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IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 574/2022 Date of Institution: 16.12.2020 Date of Decision: 11.10.2023
SBI, one of the branch at Guru Ki Nagri, Mandi Gobindgarh, Punjab and Stressed Assets Recovery Branch situated at SCO 15, (First Floor) Sector 7-C, Madhya Marg, Chandigarh.
……..Applicant
Vs.
Sh. Karam Singh S/o Sh. Kartar Singh, VPO Sanipur, Sirhind, Fatehgarh Sahib, Punjab
……….Defendant
Advocates
Ms. Meena Malhotra, Counsel for the applicant bank. Defendant – ex parte
OA for the Recovery of Rs.29,06,509/- with interest @11.45% per annum with half yearly rests from 26.10.2020.
ORDER
2
1 issue framed by the court
Whether the applicant bank proved its case for recovery of debt and allowing the application for realization.
1 provisions across 1 enactments
SBI
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
