The Debts Recovery Tribunal allowed the bank's application for recovery of Rs.39.72 lakhs plus interest due from the defendant, who appeared ex parte, ordering the sale of mortgaged land and issuance of a recovery certificate.
Recovery application allowed; recovery of Rs.39,72,369.15 plus interest directed via sale of mortgaged land and 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: 1287/2022 Date of Institution: 23.06.2022 Date of Decision: 16.01.2024
Canara Bank, branch office at various places in India including a branch at Shankar, Tehsil Shankar, District Jalandhar, Punjab.
……..Applicant Vs.
Sh. Tara Singh S/o Sh. Gajjan Singh, R/o H.No.180, Village Sichewali, Tehsil Shahkot, District Jalandhar, Punjab – 144701. 2nd Address:- Village Talwara, Tehsil Shahkot, District Jalandhar, Punjab – 144624.
……….Defendant
Advocates
Sh. PK Arora, Counsel for the applicant bank. Defendant – ex parte
OA for the Recovery of Rs.39,72,369.15p with interest @9.85% per annum with half yearly rests from 31.03.2022.
ORDER
2
1 issue framed by the court
Whether the bank proved its case for recovery of the outstanding amount and interest against the defaulting borrower.
2 provisions across 1 enactments
Canara Bank
Sh. Tara Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
