Punjab National Bank v. Sh. Ramandeep Singh
Case brief
What is this about?
PETITIONER bank filed an application under the RDB Act for recovery of loan dues against DEFAULTING defendants. The court found the loan advanced and dues due were proved. The application was ALLOWED for recovery of principal, interest, and costs. A recovery certificate to be issued.
What did the court decide?
Recovery of Rs.30,09,336.59p with interest @10.50% p.a., costs, and issuance of recovery certificate.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 1369 of 2023 Date of Institution: 16.07.2023 Date of Decision: 10.12.2025
Punjab National Bank having its branches all over India and a branch at Dharar, Amritsar.
……..Applicant
Vs.
- Sh. Ramandeep Singh son of sh. Jagjit Singh r/o House No 178, Village Bhaini Sidhwan, Tehsil and District Tarn Taran, Punjab.
- Sh. Jagjit Singh son of Sh. Atma Singh resident of House No 178, Village Bhaini sidhwan, Tehsil and District Tarn Taran, Punjab. ……….Defendants
Advocates
Sh. Manish Singla, Counsel for the applicant bank. Defendants - ex parte .
OA for the Recovery of Rs.30,09,336.59p with interest @10.50% per annum with half-yearly rests from 16.07.2023.
Issues for consideration
2 issues framed by the court
Whether the applicant bank is entitled to recover the outstanding loan amount with interest and costs from the defendants.
Whether the application for recovery should be allowed given the defendants' failure to appear.
Parties & counsel
- applicant
Punjab National Bank
- respondent
Sh. Ramandeep Singh
- respondent
Sh. Jagjit Singh
Coram
Case details
As recorded by the court registry
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