The judgment orders recovery of Rs.62,05,411.02p with interest from guarantors and borrowers after studying evidence and finding that the bank proved its loan advance and outstanding liability.
Recovery of Rs.62,05,411.02p with interest @9.55% per annum from 28.06.2022, along with issuance of Recovery Certificate and partition of proceeds.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 1312/2022 Date of Institution: 28.06.2022 Date of Decision: 10.02.2025
Punjab and Sind Bank, having its branches all over India and a branch at Court Road, Amritsar, Punjab.
……..Applicant
Vs.
House No. W/2094, Kala Ghanupur, Near Government School, Amritsar, Punjab.
3rd Address:
C/o Raju Trading Company, Dana Mandi, Attari, Tehsil and District Amritsar, Punjab.
……….Defendants
Advocates
Sh. C.S. Sidhu, Counsel for the applicant bank. Defendants - ex parte .
OA for the Recovery of Rs.62,05,411.02p with interest @9.55% per annum with monthly rests from 28.06.2022.
ORDER
2
3
2 issues framed by the court
Whether debt recovery application under Section 19 of the Debt Recovery Tribunal Act is maintainable and proved.
Whether the deficiency in repayment of loans availed by the defendants is established.
2 provisions across 1 enactments
Punjab and Sind Bank
Smt. Maninder Kaur
Sh. Gurpartap Singh
Sh. Rajwinder Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
