Allowed

Punjab and Sind Bank v. Surjit Singh

DRT4 Oct 2025OA/1410/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an application filed by Punjab & Sind Bank for the recovery of a dues of over Rs.23.99 lacs from three defendants, who stood mortgaged land and guaranteed the loan, as the bank proved its case via affidavit and documents.

What did the court decide?

Application allowed; recovery certificate issued; jointly and severally liable defendants directed to face distribution of sale proceeds.

Punjab and Sind Bank versus Surjit 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: 1410/2022 Date of Institution: 12.07.2022 Date of Decision: 04.10.2025

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Punjab & Sind Bank having its branches all over India and a branch at Qadian, Punjab.

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……..Applicant

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Vs.

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Surjit Singh s/o Sh. Manna Singh, r/o Village Khokharwal, Post Office Bham, Tehsil Batala, District Gurdaspur, Punjab.

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Ram Singh s/o Sh. Manna Singh, r/o Village Khokharwal, Post Office Bham, Tehsil Batala, District Gurdaspur, Punjab.

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Rajinder Singh s/o Sh. Vassan Singh, r/o Village Metley, Post Office Cheema Khuddi, Tehsil Batala, District Gurdaspur, Punjab. ……….Defendants

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Advocates

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Sh. Tejinder Singh proxy counsel for Sh. Ojas Ahuja, Nodal Officer for the applicant bank.

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Defendants - ex parte vide order dated 05.09.2023 .

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OA for the Recovery of Rs.23,99,983.92p with interest @10% p.a. with half-yearly rests from 12.07.2022.

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ORDER

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Punjab & Sind Bank has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.23,99,983.92p with interest against Sh. Surjit Singh and others (defendants).

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Bank’s case is that on 14.09.2012, it had granted a loan of Rs.11.00 Lacs to defendant Nos. 1 & 2 in the form of K.C.C Limit for agricultural purpose. On 03.09.2016, bank had enhanced the above mentioned limit from Rs.11.00 Lacs to Rs.14.00 Lacs. On 29.07.2017, applicant bank had granted a Home Loan of Rs.2.00 Lacs to defendant Nos. 1 & 2. To secure the loans, Defendant Nos. 1 & 2 had mortgaged their land (fully detailed

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in para No.3A of the application). Defendant No.3 stood as guarantor for both the facilities. The loan was chargeable to different rates of interest. On 31.05.2022, a sum of Rs.23,99,983.92p was due from the defendants. The defendants had duly acknowledged their liability towards the debt on 08.07.2015 & 15.05.2019 & 17.01.2020 & 14.01.2022. Despite repeated requests, defendants did not make the repayment. Hence, this application. 3. On 22.08.2022, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 05.09.2023, they were proceeded ex parte . 4. In order to prove its case, the Bank has placed on record the affidavit of Sh. Darshan Singh, Chief Manager along with the loan and security documents and marked them as Exhibit A-1 to A-21. 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 loans under various schemes and on 31.05.2022, a sum of Rs.23,99,983.92p was due.

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Accordingly, the application of the bank for the recovery of Rs.23,99,983.92p (Rupees Twenty Three Lacs Ninety Nine Thousand Nine Hundred Eighty Three and Paise Ninety Two Only) with interest @10% p.a. with half-yearly rests from 12.07.2022, 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.

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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 06.11.2025, 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(20AB) of the Act . 10. 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: 04.10.2025 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Punjab and Sind Bank v. Surjit Singh

Case brief

What is this about?

What did the court decide?

Punjab and Sind Bank v. Surjit Singh

Case brief

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What did the court decide?

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