Allowed

Punjab National Bank v. Gurcharan Singh

DRT4 Sept 2025OA/1079/2023

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the Punjab National Bank's application for recovery of Rs.20,43,531/- with interest against Gurcharan Singh. The court found the bank proved its case based on loan documents and direct evidence, despite the defendant being absent.

What did the court decide?

Application for recovery of Rs.20,43,531/- with interest allowed; Recovery Certificate issued; Sale of mortgaged land ordered.

Punjab National Bank versus Gurcharan Singh — Contract and Commercial Disputes | DRT (2025)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH

¶2

BEFORE: A S NARANG, PRESIDING OFFICER

¶3

OA No: 1079 of 2023 Date of Institution: 03.06.2023 Date of Decision: 04.09.2025

¶4

Punjab National Bank having its branches all over India and a branch at Qadian, District Gurdaspur, Punjab.

¶5

……..Applicant Vs.

¶6

Gurcharan Singh s/o Sh. Wassan Singh r/o Village Bham, Tehsil Batala, District Gurdaspur, Punjab.

¶7

……….Defendant

¶8

Advocates Sh. Bharat Kawal, Proxy Counsel for Sh. K.S. Manhas, Counsel for the applicant bank. Defendant - ex parte .

¶9

OA for the Recovery of Rs.20,43,531/- with interest @8.75% per annum with yearly rests from 03.06.2023.

¶10

ORDER

¶11

Punjab National 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.20,43,531/- with interest against Sh. Gurcharan Singh (defendant).

¶12

Bank’s case is that on 11.06.2015, it had granted a loan of Rs.10.00Lacs to defendant in the form of K.C.C. Limit for agricultural purpose. To secure the loan, Defendant had mortgaged his land (fully detailed in para No.3A of the application). The loan was chargeable to interest @8.75% per annum with yearly rests. The defendant had duly acknowledged the liability towards the debt on 18.05.2018 and 10.05.2021. On 31.03.2023, a sum of Rs.20,43,531/- was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this application.

¶13

¶14

On 30.06.2023, summons was sent to the defendant by registered post, which were duly served. However, defendant did not put in appearance. Vide order dated 19.07.2024, he was proceeded ex parte . 4. In order to prove its case, the Bank has placed on record the affidavit of Ms. Manisha Arora, Manager along with the loan and security documents and marked them as Exhibit A-1 to A-10. 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.10.00Lacs and on 31.03.2023, a sum of Rs.20,43,531 was due. 6. Accordingly, the application of the bank for the recovery of Rs.20,43,531/- (Rupees Twenty Lacs Forty Three Thousand Five Hundred and Thirty One Only) with interest @8.75% per annum with yearly rests from 03.06.2023, 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. 7. Pending IAs, if any, stand disposed of. 8. Recovery Certificate be issued accordingly. 9. Party is directed to appear before Recovery Officer on 14.10.2025, 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 . 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: 04.09.2025 Presiding Officer DRT-1, Chandigarh Amanpreet (Law Researcher)

Punjab National Bank v. Gurcharan Singh

Case brief

What is this about?

What did the court decide?

Punjab National Bank v. Gurcharan Singh

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

Similar cases

Punjab National Bank versus M/s Hotel Azim Palace

Canara Bank versus Ms Mangalam Water Products

Ms Pihu Agro Tech and Others versus Punjab National Bank

Smt Anshu Sahani versus Tata Capital Financial Services Limited

Punjab National Bank versus Sh. Mahinder Singh

Chander Bhushan versus the Citizens Urban Co. Operative Bank Ltd.