The DRT allowed the bank's application under Section 19 of the RDB Act for recovery of Rs.29,85,105/- plus interest granted on a KCC loan from the agricultural season of 2014-15 with security of mortgaged land.
The Recovery Certificate shall be issued accordingly and the recovery officer is directed to distribute sale proceeds as per Section 19(20-AB) of the Act.
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: 1084/2022 Date of Institution: 02.06.2022 Date of Decision: 15.09.2025
Punjab National Bank having its branches all over India and a branch at Qadian Road, Batala, Tehsil Batala, District Gurdaspur, Punjab.
……..Applicant Vs.
Satnam Singh s/o Sh. Jasbir Singh, r/o Village Bhoma Bohja, Tehsil Batala, District Gurdaspur, Punjab.
……….Defendant
Advocates
Sh. Ankit Kaushal, Counsel for the applicant bank. Defendant- ex parte vide order dated 01.03.2023 . OA for the Recovery of Rs.29,85,105/- with interest @9.25% per annum with half-yearly rests from 02.06.2022.
ORDER
2
1 issue framed by the court
Whether the application filed by the bank for recovery of debt amounting to Rs.29,85,105/- along with interest is maintainable and deserves to be allowed.
1 provisions across 1 enactments
Punjab National Bank
Satnam Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
