The Debts Recovery Tribunal allowed the Union Bank of India's application for recovery of outstanding loan dues from two defendants, one as borrower and one as guarantor, following default on repayment.
Application allowed; recovery of Rs.24,95,495/- with interest granted; Recovery Certificate issued; directed to sell mortgaged land and standing 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-II, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 508/2023 Date of Institution: 14.03.2023 Date of Decision: 15.03.2024
Union Bank of India at SCO No.12, HUDA, Sector-12, Panipat, Haryana-132103
Vs.
……….Defendants
Advocates
Sh. Akaant Kumar Mittal, Counsel for the applicant bank. Defendants- ex parte
OA for the Recovery of Rs.24,95,495/- with interest @10.15% per annum with half yearly rests from 14.03.2023.
ORDER
2
| Pronounced in the open court. | (A S Narang) |
|---|---|
| Dated: 15.03.2024 | Presiding Officer |
| DRT-2, Chandigarh | |
| (Additional charge) |
1 issue framed by the court
Whether the application for recovery of dues under Section 19 of the RDB Act was legally maintainable.
2 provisions across 1 enactments
Union Bank of India
Sh. Ajmer Singh
Sh. Vikas
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
