The Debt Recovery Tribunal allowed the bank's application to recover Rs. 33,96,107/- plus interest from the deceased borrower's legal heirs and the guarantor after an ex parte hearing.
Recovery of Rs. 33,96,107 with interest; Recovery Certificate issued; Sale of mortgaged land ordered.
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: 1451/2023 Date of Institution: 05.08.2023 Date of Decision: 18.07.2025
Punjab National Bank (erstwhile Oriental Bank of Commerce) having its branches all over India and a branch at Dosanjh Kalan, District Jalandhar, Punjab.
…….. Applicant
Vs.
………. Defendants
Advocates
Ms. Shivya Sehgal, Counsel for the applicant bank. Defendants - ex parte vide order dated 23.09.2024 .
OA for the Recovery of Rs.33,96,107/- with interest @9.75% per annum with half-yearly rests from 05.08.2023.
ORDER
2
3
Pronounced in the open Court. (A S Narang) Dated: 18.07.2025 Presiding Officer DRT-1, Chandigarh MANOJ KALRA
1 issue framed by the court
Whether the applicant bank is entitled to recover the outstanding dues with interest from the respondents.
1 provisions across 1 enactments
Punjab National Bank (erstwhile Oriental Bank of Commerce)
Jaswant Singh (since deceased) through Legal Representatives (Mahinder Kaur, Paramjit Kaur, Harpreet Kaur, Gurpreet Kaur)
Lakhvir Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
