Allowed

Punjab National Bank v. Baldev Singh

DRT29 Sept 2025OA/1173/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the applicant bank's application for recovery of Rs.26,58,904/- with interest advanced as a loan to the respondents. The court directed the joint and several liability of the respondents and ordered the issuance of a recovery certificate for the distribution of sale proceeds.

What did the court decide?

Recovery of Rs.26,58,904/- plus interest at 9.25% per annum allowed; recovery certificate issued; joint and several liability of all defendants enforced.

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

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IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH

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BEFORE: A S NARANG, PRESIDING OFFICER

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OA No: 1173 of 2022 Date of Institution: 04.06.2022 Date of Decision: 29.09.2025

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

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……..Applicant

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Vs.

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Baldev Singh s/o Bishan Singh

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Jatinder Singh s/o Didar Singh

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Both residents of Village Dadiala Nazara, Tehsil Batala, District Gurdaspur, Punjab.

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……….Defendants

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Advocates

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Sh. Ankit Kaushal, Counsel for the applicant bank. Defendants - ex parte .

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OA for the Recovery of Rs.26,58,904/- with interest @9.25% per annum with yearly rests from 04.06.2022.

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ORDER

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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.26,58,904/- with interest against Sh. Baldev Singh and another (defendants).

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Bank’s case is that on 07.06.2014, it had granted a loan of Rs.13.00Lacs to defendants in the form of K.C.C. Limit for agricultural purpose. To secure the loan, Defendant no. 1 had mortgaged his land (fully detailed in para No.3A of the application). The loan was chargeable to interest @9.25% per annum with yearly rests. The defendants had acknowledged the liability towards the debt on 04.03.2017 and 18.12.2019. On 31.03.2022, a sum of Rs.26,58,904/- was due from the

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defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.
3. On 30.06.2022, summonses were sent to the defendants by
registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 22.11.2023, they were proceeded_ex_ parte.
4. In order to prove its case, the Bank has placed on record the affidavit of Mr. Naresh Gupta, Authorised Officer 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.13.00Lacs and on 31.03.2022, a sum of Rs.26,58,904/- was due.
6. Accordingly, the application of the bank for the recovery of
Rs.26,58,904/- (Rupees Twenty Six Lacs Fifty Eight Thousand Nine
Hundred and Four Only) with interest @9.25% per annum with yearly
rests from 04.06.2022, till the date of payment is hereby allowed with
costs. The liability of all the defendants would be joint and several. 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 defendants. 7. Pending IAs, if any, stand disposed of.
8. Recovery Certificate be issued accordingly.
9. Parties are directed to appear before Recovery Officer on
03.11.2025,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.

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A Copy of this order along with Recovery Certificate be sent to the Recovery Officer as well as the parties. Pronounced in the open Court. (A S Narang) Dated: 29.09.2025 Presiding Officer DRT-1, Chandigarh Amanpreet (Law Researcher)

Punjab National Bank v. Baldev Singh

Case brief

What is this about?

What did the court decide?

Punjab National Bank v. Baldev Singh

Case brief

What is this about?

What did the court decide?

What the court decided

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