Allowed

Punjab National Bank v. Bhajan Singh

DRT21 Aug 2025OA/1192/2022

Case brief

AI extract

What is this about?

This order allowed the applicant bank's application to recover Rs. 21,20,877/- with interest against two defendants. The Presiding Officer found the loan advanced and funds due proved via affidavit evidence, permitting recovery through sale of mortgaged land and personal property.

What did the court decide?

Recovery of Rs. 21,20,877/- with interest allowed; Recovery Certificate issued; Mandating sale of mortgaged land and crops.

Punjab National Bank versus Bhajan Singh — Company and Corporate | 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: 1192/2022 Date of Institution: 04.06.2022 Date of Decision: 21.08.2025

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

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……..Applicant

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Vs.

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Bhajan Singh s/o Sh. Diyal Singh

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Bhupinderjit Singh s/o Sh. Bhajan Singh

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Both r/o Village Kalian, 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.21,20,877/- with interest @8.80% per annum with 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.21,20,877/- with interest against Sh. Bhajan Singh and another (defendants).

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Bank’s case is that on 09.09.2015, it had granted a loan of Rs.15.00Lacs 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 @8.80% per annum with yearly rests. On 28.02.2022, a sum of Rs.21,20,877/- was due from the defendants. Defendants had duly acknowledged their liability towards the debt on 12.07.2018 & 28.07.2019 & 29.01.2022. Despite repeated requests, defendants did not make the repayment. Hence, this application.

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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-11. 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.15.00Lacs and on 28.02.2022, a sum of Rs.21,20,877/- was due. 6. Accordingly, the application of the bank for the recovery of Rs.21,20,877/- (Rupees Twenty One Lacs Twenty Thousand Eight Hundred Seventy Seven Only) with interest @8.80% per annum with 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 30.09.2025, who is directed to distribute the sale proceeds of the mortgaged land and standing crops as per the provisions of Section 19(20AB) 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: 21.08.2025 Presiding Officer DRT-1, Chandigarh

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MANOJ KALRA

Punjab National Bank v. Bhajan Singh

Case brief

What is this about?

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Punjab National Bank v. Bhajan Singh

Case brief

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What did the court decide?

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