The Debts Recovery Tribunal allowed the applicant bank's application for recovery of Rs. 22,81,286/- with interest against the defendant after considering mortgage documents and serving summons ex parte.
Allowed recovery of Rs. 22,81,286/- with interest; ordered sale of mortgaged land and attachment of other properties; directed issuance of Recovery Certificate.
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IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 1862/2022 Date of Institution: 05.09.2022 Date of Decision: 14.11.2024
Punjab Gramin Bank, having its branches at different places including one at Verka, Tehsil and District Amritsar, Punjab.
……..Applicant
Vs.
Sh. Bhajan Singh S/o Sh. Jarnail Singh, Village Jethuwal, Tehsil and District Amritsar, Punjab.
………. Defendant
Advocates
Sh. Arun Kumar, proxy Counsel for Sh. Bhushan Bhatia, Counsel for the applicant bank. Defendant – ex parte
OA for the Recovery of Rs.22,81,286/- with interest @10% per annum with yearly rests from 05.09.2022.
ORDER
2
2 issues framed by the court
Whether the applicant bank proved its case for recovery of the principal amount and interest due against the defendant.
Whether the application for recovery of debt with mortgage security allowed under the RDB Act merits admissibility and disposal.
2 provisions across 1 enactments
Punjab Gramin Bank
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
