Punjab and Sind Bank v. Manoj Rai
Case brief
What is this about?
The DRT allowed the bank's application for recovery of dues of Rs.25,39,069/- with interest against four respondents, who were proceeded ex parte.
What did the court decide?
Application for recovery of Rs.25,39,069/- with interest allowed; recovery certificate issued; parties directed to appear before Recovery Officer.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 894 of 2022
Date of Institution: 10.03.2022
Date of Decision: 12.09.2023
Punjab And Sind Bank, Sharifpura, Amritsar, Punjab.
……..Applicant
Vs.
- Manoj Rai S/o Sh. Maneshwar Rai, R/o House No.301, Krishna Garden, Backside OCM Mill, Near Railway Lines, Kala Ghanupur, Tehsil And District Amritsar, Punjab.
- Second Address:-
- H. No.1253, Ward No.36, Guru Amar Dass Colony, Near Petrol Pump, Old Naraingarh, Chhehrata, Amritsar-143001. Third Address:-
Plot No.88, Golden Avenue, Hargobindpura, Chheharata, Amritsar, Punjab.
Issues for consideration
1 issue framed by the court
Whether the bank has established a valid cause of action for recovery of dues by the mortgaged property?
Parties & counsel
- applicant
Punjab And Sind Bank
- respondent
Manoj Rai
- respondent
Sarabjit Kaur
- respondent
Kulwant Rai
- respondent
Ashish Kumar
Case details
As recorded by the court registry
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