Allowed

Punjab National Bank v. Raghbir Singh

DRT23 Oct 2025OA/1490/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed Punjab National Bank's application under Section 19 of the RDB Act for recovery of Rs.27,49,608 plus interest against defendant Raghbir Singh, who failed to appear despite service of summons.

What did the court decide?

Recovery of Rs.27,49,608 with interest @8.50% p.a. from 22.07.2022 allowed. Issuance of Recovery Certificate directed. Sale of mortgaged land directed.

Punjab National Bank versus Raghbir Singh — Contract and Commercial Disputes | 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: 1490/2022 Date of Institution: 22.07.2022 Date of Decision: 23.10.2025

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Punjab National Bank having its branches all over India and a branch at Dhianpur, Punjab.

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……..Applicant Vs.

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Raghbir Singh s/o Sh. Hajara Singh, r/o Village Shah Samash, Tehsil Dera Baba Nanak, District Gurdaspur, Punjab.

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……….Defendant

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Advocates

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Ms. Pinki proxy counsel for Sh. K S Manhas, Counsel for the applicant bank.

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Defendant- ex parte vide order dated 15.01.2024 .

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OA for the Recovery of Rs.27,49,608/- with interest @8.50% per annum with yearly rests from 22.07.2022.

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ORDER

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Punjab National Bank (Bank) has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.27,49,608/- with interest against Sh. Raghbir Singh (defendant).

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Bank’s case is that on 11.04.2015, it had granted a loan of Rs.15.00Lacs to defendant in the form of K.C.C Limit for agricultural purpose. To secure the loan, Defendant had mortgaged his land (fully detailed in para No.3A of the application). The loan was chargeable to interest @8.50% per annum with yearly rests. The defendant had acknowledged the liability towards the debt on 04.04.2018 and 30.01.2021. On 30.06.2022, a sum of Rs.27,49,608/- was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this application.

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On 03.02.2023, summons was sent to the defendant by registered post, which was duly served. However, defendant did not put in appearance. Vide order dated 15.01.2024, he was proceeded ex parte .

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In order to prove its case, the Bank has placed on record the affidavit of Sh. Ramesh Kumar, Manager along with the loan and security documents and marked them as Exhibit A-1 to A-12.

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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 loan of Rs.15.00 Lacs and on 30.06.2022, a sum of Rs.27,49,608/- was due.

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Accordingly, the application of the bank for the recovery of Rs.27,49,608/- (Rupees Twenty Seven Lacs Forty Nine Thousand Six Hundred Eight Only) with interest @8.50% per annum with yearly rests from 22.07.2022, till the date of payment is hereby allowed with costs. 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 defendant.

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Pending IAs, if any, stand disposed of.

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Recovery Certificate be issued accordingly. 9. Party is directed to appear before Recovery Officer on 25.11.2025, who is directed to distribute the sale proceeds of the mortgaged land and standing crops as per the provisions of Section 19(20-AB) of the Act . 10. A Copy of this order along with Recovery Certificate be sent to the Recovery Officer as well as the party.

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Pronounced in the open Court. (A S Narang) Dated: 23.10.2025 Presiding Officer DRT-1, Chandigarh

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MANOJ KALRA

Punjab National Bank v. Raghbir Singh

Case brief

What is this about?

What did the court decide?

Punjab National Bank v. Raghbir Singh

Case brief

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What did the court decide?

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