HDFC Bank Limited having its branches all over India and a branch at Bandal Branch, Tehsil & District Bathinda, Punjab. ……..Applicant Vs. 1. Makhan Singh s/o Sh. Kunda Singh, r/o Village Raike Kalan, Dhani on Kalhjarani Road, Tehsil & District Bathinda, Punjab. 2. Gurjit Kaur w/o Sh. Kunda Singh (alias Murti, daughter of Sh. Harbans Singh), r/o Village Raike Kalan, Dhani on Kalhjarani Road, Tehsil & District Bathinda, Punjab. ……….Defendants Advocates Sh. Ankur Jindal, Counsel for the applicant bank. Defendants - ex parte vide order dated 01.03.2023 . OA for the Recovery of Rs.27,59,080.55p with interest @16% per annum with half yearly rests from 27.05.2022. ORDER 1. HDFC Bank Limited has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.27,59,080.55p with interest against Sh. Makhan Singh and another (defendants). 2. Bank’s case is that on 10.02.2015, it had granted a C.C. Limit of Rs.8.20 Lacs and a Term Loan of Rs.2.70 Lacs to defendant Nos. 1 & 2 in for agricultural purpose. To secure the loan, Defendant No.2 had mortgaged her land (fully detailed in para No.3A of the application). The loans were chargeable to interest @16% per annum with half yearly rests. On 29.06.2019, the amount due in the Cash Credit Facility was converted
