Axis Bank v. Baldev Singh
Case brief
What is this about?
Allowed the bank's application under Section 19 of the RDB Act for recovery of a dues of approximately Rs.25 lakhs with interest, directing joint and several liability and sale of mortgaged properties.
What did the court decide?
Recovery of Rs.24,98,820.40p with interest @12.50% per annum allowed; liability joint and several; mortgage property and personal assets saleable; Recovery Certificate issued.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 1150/2022 Date of Institution: 03.06.2022 Date of Decision: 06.11.2025
Axis Bank Limited having its branches all over India and a branch at Ram Tirath Jaga Bathinda, Punjab.
……..Applicant
Vs.
- Baldev Singh s/o Sh. Ajaib Singh, r/o H.No.241, Village Kutiwal Khurd, Peer Kot, Bathinda Kutti Wal Kalan, Bathinda, Punjab.
- Shivcharan Singh s/o Sh. Baldev Singh, r/o r/o H.No.241, Village Kutiwal Khurd, Peer Kot, Bathinda Kutti Wal Kalan, Bathinda, Punjab.
……….Defendants
Advocates
Sh. Deepak Jain, Counsel for the applicant bank. Defendants - ex parte vide order dated 16.03.2023 .
Issues for consideration
1 issue framed by the court
Whether the applicant bank is entitled to recover the outstanding loan amount of Rs.24,98,820.40p with interest against the mortgaged property and personal assets of the defendants.
Parties & counsel
- applicant
Axis Bank Limited
- respondent
Baldev Singh
- respondent
Shivcharan Singh
Coram
Case details
As recorded by the court registry
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