This order allowed an applicant bank's application for recovery of Rs.37,08,707/- and interest under Section 19 of the RDB Act against a defaulting defendant who failed to appear. The court validated the loan evidence and directed recovery via sale of mortgaged property.
Recovery of Rs.37,08,707/- with interest @12% p.a.; directions for sale of mortgaged land and crops.
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: 33/2022 Date of Institution: 17.12.2021 Date of Decision: 13.09.2024
Canara Bank, branch at Pachranga , District Jalandhar.
……..Applicant
Vs.
Harnek Singh S/o Sh. Mohinder Singh, R/o Village Kingra Chowala, Tehsil and District Jalandhar, Punjab – 144201.
……….Defendant
Advocates
Sh. Lovish, proxy Counsel for Sh. Neeraj Madaan, Counsel for the applicant bank.
Defendant – ex parte
OA for the Recovery of Rs.37,08,707/- with interest @12% per annum with half yearly rests from 17.12.2021.
ORDER
2
1 issue framed by the court
Whether the application for recovery of dues under Section 19 of the RDB Act should be allowed given the defendant's failure to appear.
2 provisions across 1 enactments
Canara Bank
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
