The Presiding Officer allowed the recovery application filed by Bank of India against the defendants for Rs. 27,16,532 along with interest. Directing recovery from the mortgaged property and personal assets of the defendants.
Allowed recovery of Rs. 27,16,532 with interest; issued recovery certificate; directed sale of mortgaged property.
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-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 1046 of 2022 Date of Institution: 26.05.2022 Date of Decision: 23.01.2025
Bank of India, having branches all over India having a branch at Bhogpur, Tehsil & District Jalandhar, Punjab.
……..Applicant
Vs.
……….Defendants
Advocates
Ms. Meena Malhotra, Counsel for the applicant bank. Defendants – ex parte
OA for the Recovery of Rs. 27,16,532/- with interest @ 11.35% per annum with half-yearly rests from 26.05.2022.
ORDER
2
defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.
3
2 issues framed by the court
Whether the applicant bank has established its debt of Rs. 27,16,532/- against the defendants.
Whether the recovery application u/s 19 of the RDB Act should be allowed.
2 provisions across 1 enactments
Bank of India
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
