Allowed

State Bank of India v. Teja Singh

DRT19 Dec 2025OA/1250/2022

Case brief

AI extract

What is this about?

SBI filed an application under Section 19 of the RDB Act for recovery of dues of Rs.37,68,254/- with interest against two defendants. The court found the bank proved its case regarding the loan advance and outstanding dues. The application was allowed, and a recovery certificate was issued with directions for execution.

What did the court decide?

Recovery of Rs.37,68,254/- with interest and costs allowed; Recovery Certificate issued; Directions given for execution of sale proceeds.

State Bank of India versus Teja 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: 1250/2022

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Date of Institution: 11.05.2022 Date of Decision: 19.12.2025

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SBI having its branches all over India and a branch at SARB, Aman Plaza, Lajpat Nagar, Ambedkar Chowk, Jalandhar, Punjab.

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……..Applicant

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Vs.

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Teja Singh s/o Sh. Satnam Singh, r/o H.No.153, Village Indana Klaske, Post Office Dasanjh Kalan, Tehsil Phillaur, District Jalandhar, Punjab.

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Gurmail Kaur w/o Sh. Satnam Singh, r/o H.No.153, Village Indana Klaske, Post Office Dasanjh Kalan, Tehsil Phillaur, District Jalandhar, Punjab.

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……….Defendants

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Advocates

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Sh. Yogesh Kumar proxy counsel for Sh. Rakesh Gupta, Counsel for the applicant bank.

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Defendants - ex parte vide order dated 08.05.2024 .

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OA for the Recovery of Rs.37,68,254/- with interest @12% per annum with half-yearly rests from 11.05.2022.

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ORDER

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SBI has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.37,68,254/- with interest against Sh. Teja Singh and another (defendants).

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Bank’s case is that on 27.01.2015, it had granted a loan of Rs.20.00 Lacs 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 guarantor vide guarantee agreement dated 27.01.2015. The loan was chargeable to interest @12% per annum with half-yearly rests. Defendants had duly acknowledged their liability towards the debt on 17.01.2018. On

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30.04.2022, a sum of Rs.37,68,254/- was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.

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On 12.07.2022, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 08.05.2024, they were proceeded ex parte .

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In order to prove its case, the Bank has placed on record the affidavit of Sh. J.S. Kajla, Chief Manager along with the loan and security documents and marked them as Exhibit A-1 to A-11.

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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 30.04.2022, a sum of Rs.37,68,254/- was due. 6. Accordingly, the application of the bank for the recovery of Rs.37,68,254/- (Rupees Thirty Seven Lacs Sixty Eight Thousand Two Hundred Fifty Four Only) with interest @12% per annum with half-yearly rests from 11.05.2022, 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.

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Pending IAs, if any, stand disposed of. 8. Recovery Certificate be issued accordingly. 9. Parties are directed to appear before Recovery Officer on 23.01.2026, 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 .

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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: 19.12.2025 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

State Bank of India v. Teja Singh

Case brief

What is this about?

What did the court decide?

State Bank of India v. Teja Singh

Case brief

What is this about?

What did the court decide?

What the court decided

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