Allowed

Punjab National Bank v. Smt. Jasvir Kaur @ Jasveer

DRT23 Dec 2025OA/1040/2023

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the applicant bank's application for recovery of Rs. 21,02,743.40 with interest. The court found the loan advanced and acknowledged the debt, permitting recovery from mortgaged land and other properties via a Recovery Certificate.

What did the court decide?

Recovery of Rs. 21,02,743.40 with interest; issuance of Recovery Certificate; directed sale of mortgaged land.

Punjab National Bank versus Smt. Jasvir Kaur @ Jasveer — Execution and Attachment | 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: 1040/2023 Date of Institution: 26.05.2023 Date of Decision: 23.12.2025

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Punjab National Bank having its branches all over India and a branch at Railway Road, Garhshankar, Distt. Hoshiarpur, Punjab

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……..Applicant Vs.

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Smt. Jasvir Kaur @ Jasveer w/o Sh. Kulwinder Singh, R/O Village Bharatpur Jattan, Tehsil Garhshankar, District Hoshiarpur, Punjab.

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……….Defendant

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Advocates Ms. Ritika Kansal proxy counsel for Sh. M.N. Sharma, Counsel for the applicant bank. Defendant- ex parte vide order dated 13.08.2025 .

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OA for the Recovery of Rs.21,02,743.40p with interest @9.75% per annum with half-yearly rests from 26.05.2023.

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ORDER

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Punjab National Bank has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.21,02,743.40p with interest against Smt. Jasvir Kaur (defendant).

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Bank’s case is that on 16.04.2019, it had granted a loan of Rs.15.00 Lacs to defendant in the form of K.C.C Limit for agricultural purpose. To secure the loan, Defendant had mortgaged her land (fully detailed in para No.3A of the application). The loan was chargeable to interest @9.75% per annum with half-yearly rests. Defendant had duly acknowledged his liability towards the debt on 01.07.2019, 30.06.2020. On 16.04.2023, a sum of Rs.21,02,743.40p was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this application.

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On 17.07.2023, summons was sent to the defendant by registered post, which was duly served. However, defendant did not put in appearance. Vide order dated 13.08.2025, he was proceeded ex parte .

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In order to prove its case, the Bank has placed on record the affidavit of Mr. Rahul Chawla, Senior Manager along with the loan and security documents and marked them as Exhibit A-1 to A-15. 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 the loan of Rs.15.00 Lacs and on 16.04.2023, a sum of Rs.21,02,743.40p was due. 6. Accordingly, the application of the bank for the recovery of Rs.21,02,743.40p (Rupees Twenty One Lacs Two Thousand Seven Hundred Forty Three and Paise Forty Only) with interest @9.75% per annum with half-yearly rests from 26.05.2023, till the date of payment is hereby allowed with costs. 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 defendant.

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Pending IAs, if any, stand disposed of. 8. Recovery Certificate be issued accordingly. 9. Party is directed to appear before Recovery Officer on 28.01.2026, who is directed to distribute the sale proceeds of the mortgaged land and standing crops as per the provisions of Section 19(20-AB) of the Act . 10. A Copy of this order along with Recovery Certificate be sent to the Recovery Officer as well as the party. Pronounced in the open Court. (A S Narang) Dated: 23.12.2025 Presiding Officer DRT-1, Chandigarh

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MANOJ KALRA

Punjab National Bank v. Smt. Jasvir Kaur @ Jasveer

Case brief

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Punjab National Bank v. Smt. Jasvir Kaur @ Jasveer

Case brief

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