Allowed

Punjab National Bank v. Baljinder Singh

DRT13 Aug 2025OA/1191/2022

Case brief

AI extract

What is this about?

Punjab National Bank filed an Original Application under Section 19 of the RDB Act for recovery of a defaulted agricultural loan. The Tribunal found the bank had proved its case regarding the loan advance and outstanding dues. As the defendants appeared ex parte, the Tribunal reasoned on the evidence and granted the relief. The application was allowed.

What did the court decide?

Recovery of Rs.37,53,872 with interest allowed; recovery certificate to be issued; recovery via sale of mortgaged land and personal property directed.

Punjab National Bank versus Baljinder Singh — Execution and Attachment | 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: 1191/2022 Date of Institution: 04.06.2022 Date of Decision: 13.08.2025

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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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Baljinder Singh s/o Sh. Gurdeep Singh

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Rajbir Kaur w/o Sh. Baljinder Singh

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Both r/o Village Harpura, 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 vide order dated 14.02.2023 .

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OA for the Recovery of Rs.37,53,872/- with interest @9.25% per annum with half-yearly rests from 04.06.2022.

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ORDER

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Punjab National Bank has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.37,53,872/- with interest against Sh. Baljinder Singh and another (defendants).

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Bank’s case is that on 21.12.2015, it had granted a loan of Rs.20.00 Lacs to defendant Nos. 1 and 2 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 half-yearly rests. On 31.03.2022, a sum of Rs.37,53,872/- was due from the defendants. The defendants had duly acknowledged their liability towards the debt on 15.10.2018 & 27.08.2021. Despite repeated requests, defendants did not make the repayment. Hence, this application.

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3. On 06.07.2022, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 14.02.2023, they were proceeded_ex parte_.
4. In order to prove its case, the Bank has placed on record the affidavit of Sh. Naresh Gupta, Authorized 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.20.00 Lacs and on 31.03.2022, a sum of Rs.37,53,872/- was due.
6. Accordingly, the application of the bank for the recovery of
Rs.37,53,872/- (Rupees Thirty Seven Lacs Fifty Three Thousand Eight
Hundred Seventy Two Only) with interest @9.25% per annum with half- yearly rests from 04.06.2022, till the date of payment is hereby allowed with costs. The liability of both 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
23.09.2025,who is directed to distribute the sale proceeds of the
mortgaged land 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 parties.
Pronounced in the open Court. (A S Narang) Dated: 13.08.2025 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Punjab National Bank v. Baljinder Singh

Case brief

What is this about?

What did the court decide?

Punjab National Bank v. Baljinder Singh

Case brief

What is this about?

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