Application under Section 19 RDB Act for recovery of Rs.29 Lakhs against a defaulter who failed to appear. Tribunal allowed the application and directed issuance of recovery certificate to sell mortgaged land via Recovery Officer.
Recovery of Rs.29,51,147 with interest; delivery of mortgage land for sale; issuance of Recovery Certificate.
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: 1159/2022 Date of Institution: 31.05.2022 Date of Decision: 27.09.2024
Indian Bank, (erstwhile Allahabad Bank), branches at various places including at Fazilka Branch, District Fazilka.
……..Applicant Vs.
Surinder Kumar S/o Sh. Mohan Lal, R/o Village Bajidpur Kattianwali, Tehsil and District Fazilka, Punjab.
……….Defendant
Advocates
Sh. Lekh Raj Nandal, Counsel for the applicant bank. Defendant – ex parte
OA for the Recovery of Rs.29,51,147/- with interest @9.95% per annum with yearly rests from 31.05.2022.
ORDER
2
1 issue framed by the court
Whether the bank has proved its case for recovery of the outstanding loan amount against the defendant.
2 provisions across 1 enactments
Indian Bank
Surinder Kumar
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
