Allowed

Canara Bank v. Amarjit Singh

DRT26 Nov 2025OA/1197/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal, Chandigarh, allowed an applicant bank's ex parte application for recovery of a of 24.78 lacs plus interest against defendants who failed to appear. The court permitted recovery via sale of mortgaged land or other assets.

What did the court decide?

Recovery of Rs.24,78,577.45 with interest at 10% p.a. allowed; recovery via sale of mortgaged land or other property; Recovery Certificate issued.

Canara Bank versus Amarjit Singh — Banking and Recovery | 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: 1197 of 2022 Date of Institution: 09.06.2022 Date of Decision: 26.11.2025

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Canara Bank having its branches all over India and a branch at Ramgarh, Phillaur, Jalandhar, Punjab.

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……..Applicant

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1. Amarjit Singh s/o Pritam Singh r/o ZH.no.469, Ward no.4, Mohalla Kazian, Phillaur, District Jalandhar, Punjab.

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1. Lakhvinder Singh s/o Amrik Singh r/o Village Ganna Pind, Phillaur, District Jalandhar, Punjab.

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……….Defendants

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Advocates

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Ms. Kanchan Sehgal, Counsel for the applicant bank. Defendants - ex parte . OA for the Recovery of Rs.24,78,577.45p with interest @10% per annum with half-yearly rests from 09.06.2022.

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ORDER

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Canara 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.24,78,577.45p with interest against Sh. Amarjit Singh and another (defendants).

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Bank’s case is that on 02.07.2013, it had granted a loan of Rs.15.00Lacs to defendant no.1 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). Defendant no.2 stood as the guarantor. The loan was chargeable to interest @10% per annum with half-yearly rests. The defendants had acknowledged the liability towards the debt on 13.07.2015, 18.12.2017 and 01.12.2020. On 17.05.2022, a sum of Rs.24,78,577.45p was due from the defendants.

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Despite repeated requests, defendants did not make the repayment. Hence, this application.
3. On 07.07.2022, summonses were sent to the defendants by
registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 18.04.2023, they were proceeded_ex_ parte.
4. In order to prove its case, the Bank has placed on record the
affidavit of Mr. Haribhajan Kailey, Authorised Officer along with the loan and security documents and marked them as Exhibit A-1 to A-13.
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 17.05.2022, a sum of Rs.24,78,577.45p was due.
6. Accordingly, the application of the bank for the recovery of
Rs.24,78,577.45p (Rupees Twenty Four Lacs Seventy Eight Thousand
Five Hundred and Seventy Seven and Forty Five Paise Only) with interest @10% per annum with half-yearly rests from 09.06.2022, 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
01.01.2026,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: 26.11.2025 Presiding Officer DRT-1, Chandigarh

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(Law Researcher)

Canara Bank v. Amarjit Singh

Case brief

What is this about?

What did the court decide?

Canara Bank v. Amarjit Singh

Case brief

What is this about?

What did the court decide?

What the court decided

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