DRT allowed bank's Section 19 application for recovery of outstanding loan dues including interest via sale of mortgaged property and issuance of recovery certificate.
Recovery of Rs.26,00,073.49 plus interest; direction to distribute sale proceeds of mortgaged land.
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IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 846/2023 Date of Institution: 15.04.2023 Date of Decision: 04.12.2024
Punjab National Bank, a branch at Talwandi, Rai Dadu, District Amritsar.
……..Applicant Vs.
Sh. Avtar Singh S/o Makhan Singh, R/o Village Chhota Fattewal Tehsil Ajnala, District Amritsar, Punjab – 143102.
……….Defendant
Advocates
Sh. Manish Singla, Counsel for the applicant bank. Defendant – ex parte
OA for the Recovery of Rs.26,00,073.49p with interest @8.75% per annum with half yearly rests from 15.04.2023.
ORDER
2
1 issue framed by the court
Whether the recovery application under Section 19 of RDB Act was maintainable and proved on evidence.
2 provisions across 1 enactments
Punjab National Bank
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
