Allowed

Canara Bank v. Sh Harkirat Singh Dhillon

DRT16 Jul 2025OA/1022/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an application filed by Canara Bank for recovery of Rs. 33,72,544/- plus interest against two defendants. The Court held the bank proved its case and directed issuance of a Recovery Certificate and appearance for distribution of proceeds.

What did the court decide?

Recovery of Rs. 33,72,544/- with interest allowed; Recovery Certificate issued; case remanded to Recovery Officer for distribution of sale proceeds.

Canara Bank versus Sh Harkirat Singh Dhillon — Banking and Recovery | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH

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BEFORE: A S NARANG, PRESIDING OFFICER

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OA No: 1022 of 2022 Date of Institution: 07.05.2022 Date of Decision: 16.07.2025

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Canara Bank having its branches all over India and a branch at Faridkot, District Faridkot, Punjab.

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……..Applicant

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Vs.

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Sh. Harkirat Singh Dhillon s/o Hardeep Singh Dhillon r/o Village Chand Baja, District Faridkot, Punjab.

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Sh. Abhayjeet Singh s/o Sh. Sarbjeet Singh r/o VPO Chand Baja, District Faridkot, Punjab.

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……….Defendants

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Advocates

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Sh. Satish Jaswal, Counsel for the applicant bank. Defendants - ex parte . OA for the Recovery of Rs.33,72,544/- with interest @11.75% per annum with half-yearly rests from 07.05.2022.

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ORDER

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Canara Bank (Bank) has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.33,72,544/- with interest against Sh. Harkirat Singh Dhillon and another (defendants).

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Bank’s case is that on 26.12.2014, it had granted a loan of Rs.15.00Lacs to Defendant no. 1 in the form of K.C.C Limit for agricultural purpose. On 30.12.2014, Bank had granted a loan of Rs.5.00Lacs to Defendant no.1 in the form of Term Loan for agricultural purpose. To secure the loan, Defendant no. 1 had mortgaged his land (fully detailed in para no.3A of the application). Defendant no. 2 stood as the guarantor. The loan was chargeable to interest @11.75% per annum with half-yearly rests. On 29.04.2022, a sum of Rs.33,72,544/- was due from

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the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.
3. On 18.06.2022, summonses were sent to the defendants by
registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 06.12.2023, they were proceeded_ex_ parte.
4. In order to prove its case, the Bank has placed on record the affidavit of Mr. Dinesh Kumar, Manager along with the loan and security documents and marked them as Exhibit A-1 to A-18.
5. I have perused the evidence on the record. I am of the considered view that the Bank has proved its case that it had advanced total loan of Rs.20.00Lacs and on 29.04.2022, a sum of Rs.33,72,544/- was due.
6. Accordingly, the application of the bank for the recovery of
Rs.33,72,544/- (Rupees Thirty Three Lacs Seventy Two Lacs Five
Hundred and Forty Four Only) with interest @11.75% per annum with
half-yearly rests from 07.05.2022, till the date of payment is hereby allowed with costs. The liability of both the defendants would be joint and several. Bank can recover its dues by the sale of mortgaged land fully
detailed in para no.3A of the application as well as from the personal
movable and immovable property(ies) of the defendants. 7. Pending IAs, if any, stand disposed of.
8. Recovery Certificate be issued accordingly.
9. Parties are directed to appear before Recovery Officer on
22.08.2025,who is directed to distribute the sale proceeds of the
mortgaged property(ies) and standing crops as per the provisions of Section 19(20-AB) of the Act.

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A Copy of this order along with Recovery Certificate be sent to the Recovery Officer as well as the parties. Pronounced in the open Court. (A S Narang) Dated: 16.07.2025 Presiding Officer DRT-1, Chandigarh Amanpreet (Law Researcher)

Canara Bank v. Sh Harkirat Singh Dhillon

Case brief

What is this about?

What did the court decide?

Canara Bank v. Sh Harkirat Singh Dhillon

Case brief

What is this about?

What did the court decide?

What the court decided

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