Allowed

Hdfc Bank v. Rajesh Kumar

DRT22 Oct 2025OA/1271/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an application by HDFC Bank Limited for recovery of Rs.65,22,673.10p with interest from four defendants. The court found that the loan was due and authorized sale of mortgaged land and movement of personal property for realization.

What did the court decide?

Recovery of Rs.65,22,673.10p with interest @12% per annum allowed; liability declared joint and several; recovery certificate to be issued.

Hdfc Bank versus Rajesh Kumar — 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: 1271/2022 Date of Institution: 17.06.2022 Date of Decision: 22.10.2025

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HDFC Bank Limited, having its branches all over India and a branch at Abohar, Tehsil Abohar & District Ferozepur, Punjab.

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……..Applicant

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Vs.

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Rajesh Kumar s/o Sh. Sukhram, r/o H.No.54, Village Dodewala, Tehsil Abohar, District Ferozepur, Punjab.

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Rajiv Kumar s/o Sh. Sukhram, r/o H.No.54, Village Dodewala, Tehsil Abohar, District Ferozepur, Punjab.

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Sukhram s/o Sh. Manfool Ram, r/o H.No.54, Village Dodewala, Tehsil Abohar, District Ferozepur, Punjab.

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Om Parkash s/o Sh. Manfool Ram, r/o H.No.77, Villae Dodewala, Tehsil Abohar, District Ferozepur, Punjab.

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……….Defendants

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Advocates

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Sh.Abhinav Singla proxy for Sh. Ankur Jindal, Counsel for the applicant bank.

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Defendants - ex parte vide order dated 10.03.2023 .

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OA for the Recovery of Rs.65,22,673.10p with interest @12% per annum with half-yearly rests from 17.06.2022.

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ORDER

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HDFC Bank Limited (Bank) has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.65,22,673.10p with interest against Sh. Rajesh Kumar and others (defendants).

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Bank’s case is that on 29.09.2014, it had granted a loan of Rs.36.70 Lacs to defendant Nos. 1 to 3 in the form of K.C.C Limit, for agricultural purpose. To secure the loan, Defendant No.3 had mortgaged his land (fully detailed in para No.3A of the application). Defendant

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No.4 stood as guarantor. The loan was chargeable to interest @12% per annum with half-yearly rests. On 01.10.2021, a sum of Rs.65,22,673.10p was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.

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On 14.07.2022, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 10.03.2023, they were proceeded ex parte . 4. In order to prove its case, the Bank has placed on record the affidavit of Sh. Parampreet Singh Kahlon, Remedial Manager along with the loan and security documents and marked them as Ex. A-1 to A-14. 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.36.70 Lacs and on 01.10.2021, a sum of Rs.65,62,673.10p was due. 6. Accordingly, the application of the bank for the recovery of Rs.65,22,673.10p (Rupees Sixty Five Lacs Twenty Two Thousand Six Hundred Seventy Three and Paise Ten Only) with interest @12% per annum with half-yearly rests from 17.06.2022, 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 24.11.2025, who is directed to distribute the sale proceeds of the

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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: 22.10.2025 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Hdfc Bank v. Rajesh Kumar

Case brief

What is this about?

What did the court decide?

Hdfc Bank v. Rajesh Kumar

Case brief

What is this about?

What did the court decide?

What the court decided

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