The Debts Recovery Tribunal allowed the applicant bank's application under Section 19 of the RDB Act for the recovery of a loan of Rs. 26.02 lakhs plus interest against the defendant, who appeared ex parte, directing recovery via sale of mortgaged property.
Application for recovery of Rs. 26,02,134/- with interest allowed; Recovery Certificate to be issued.
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IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 1085 of 2022 Date of Institution: 17.05.2022 Date of Decision: 23.08.2024
Punjab National Bank, Branch Office Qadian Road, Batala, Tehsil Batala, District Gurdaspur, Punjab-143519.
……..Applicant
Vs.
Puran Singh S/o Ajaib Singh, R/o Village Pandori, Tehsil Batala, District Gurdaspur, Punjab-143519.
……….Defendant
Advocates
Sh. Ankit Kaushal, Counsel for the applicant bank. Defendant- Ex parte.
OA for the Recovery of Rs.26,02,134/- with interest @11.25% per annum with yearly rests from the date of filing the present application i.e. 17.05.2022.
ORDER
2
1 issue framed by the court
Whether the application for recovery of dues against a non-appearing defendant should be allowed in an ex parte proceeding.
2 provisions across 1 enactments
Punjab National Bank
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
