State Bank of India v. Sh. Surinder Singh
What the court decided
DEBTS RECOVERY TRIBUNAL-III, CHANDIGARH
ORIGINAL APPLICATION NO.1432/2024
PRESIDED OVER BY MRIDULESH KUMAR SINGH
DATE OF INSTITUTION: 26.10.2024
DATE OF DECISION: 15.07.2025
State Bank of India, a body corporate, constituted under the State Bank of India Act, 1955 and having its Corporate Office at Madam Cama Road, Nariman Point, Mumbai and one of its Local Head Office at Sector 17 Chandigarh and branches all over India including one of its Branch RACC Branch Nabha Patiala and one of its specialized Recovery Branch Stressed Assets Recovery Branch, 1st Floor, SCO-15, Sector 7-C, Madhya Marg, Chandigarh 160019 through its Authorized Officer Sh. Mousam Pal Gupta.
……..Applicant Versus
Sh. Surinder Singh S/o Pritpal Singh Resident of Village Laluchhi, P.O. Gajju Majra, Tehsil and District Patiala, Punjab.
………. Defendant
Advocates:
Argued by Sh. Pawan Kumar Sharma, Advocate proxy for Ms Richa Indal, Advocate for the applicant
Issues for consideration
2 issues framed by the court
Whether the applicant is entitled to recover the outstanding loan amount including current and future interest from the defendant.
Whether the Tribunal should grant uniform simple interest at 08.00% p.a. considering the market rates and nature of the asset.
Parties & counsel
- applicant
State Bank of India
Coram
MRIDULESH KUMAR SINGH
Case details
As recorded by the court registry
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