Canara Bank v. Sukhdev Singh
Case brief
What is this about?
The Debts Recovery Tribunal allowed the bank's application under Section 19 RDB Act for recovery of agricultural loan dues totaling Rs.36.63 lacs with interest, against two defendants who failed to appear.
What did the court decide?
Recovery of Rs.36,63,212.86p with interest @14.45% p.a. from 19.02.2022 granted; joint and several liability ordered; sale of mortgaged property directed.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 358 of 2022 Date of Institution: 19.02.2022 Date of Decision: 16.08.2024
Canara Bank, a branch office at 182/1, Ganda Singh Wala, Majitha Road, Amritsar, Punjab-143001.
- ……..Applicant
- Vs.
- Sukhdev Singh S/o Sh. Banta Singh 2. Jaspal Singh S/o Sh. Sheetal Singh Both R/o House No.55, Village Bhola, P.O. Varyam Nangal Fatehgarh, Tehsil And District Amrtisar, Punjab.
……….Defendants
Advocates
Ms. Kanchan Sehgal, Counsel for the applicant bank. Defendants- Ex parte .
OA for the Recovery of Rs.36,63,212.86p with interest @14.45% per annum with half yearly rests from the date of filing the present application i.e. 19.02.2022.
Issues for consideration
2 issues framed by the court
Whether the application for recovery of agricultural loan amount was maintainable
Whether the dues of Rs.36,63,212.86p with interest were duly proved
Parties & counsel
- applicant
Canara Bank
- respondent
Sukhdev Singh
- respondent
Jaspal Singh
Coram
Case details
As recorded by the court registry
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