Allowed

Punjab National Bank (Oriental Bank of Commerce) v. Davinder Singh

DRT18 Aug 2025OA/1578/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the applicant bank's application for recovery of Rs.30,22,516/- with interest advanced against the defendants under a loan facility. The court fixed a hearing date for the distribution of sale proceeds from the mortgaged land.

What did the court decide?

Application allowed; recovery of Rs.30,22,516/- with interest granted; Recovery Officer directed to distribute sale proceeds of mortgaged land and standing crops.

Punjab National Bank (Oriental Bank of Commerce) versus… — 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: 1578/2022 Date of Institution: 29.07.2022 Date of Decision: 18.08.2025

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Punjab National Bank (erstwhile Oriental Bank of Commerce) having its branches all over India and a branch at Tehsil Ajnala, District Amritsar, Punjab.

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……..Applicant

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Vs.

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Davinder Singh s/o Sh. Ajit Singh, Village Abu Said, Tehsil Ajnala, District Amritsar, Punjab.

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Kashmir Kaur w/o Sh. Ajit Singh, Village Abu Said, Tehsil Ajnala, District Amritsar, Punjab.

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……….Defendants

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Advocates

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Ms. Nisha Meena, Nodal Officer for the applicant bank. Defendants - ex parte vide order dated 25.04.2023 .

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OA for the Recovery of Rs.30,22,516/- with interest @10.30% per annum with half-yearly rests from 29.07.2022.

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ORDER

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Punjab National Bank has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.30,22,516/- with interest against Sh. Davinder Singh and another (defendants).

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Bank’s case is that on 21.12.2018, it had granted a loan of Rs.24.80 Lacs to defendant Nos. 1 and 2 in the form of C.C. Limit under OGC Scheme for agricultural purpose. To secure the loan, Defendant No.1 had mortgaged his land (fully detailed in para No.3A of the application). The loan was chargeable to interest @10.30% per annum with half-yearly rests. On 31.03.2022, a sum of Rs.30,22,516/- was due from the defendants. The defendants had duly acknowledged their liability towards the debt on 13.02.2021. Despite repeated requests, defendants did not make the repayment. Hence, this application.

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3. On 03.10.2022, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 25.04.2023, they were proceeded_ex parte_.
4. In order to prove its case, the Bank has placed on record the
affidavit of Sh. Arjun Bhanot, Senior Manager along with the loan and security documents and marked them as Exhibit A-1 to A-8.
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 loan of Rs.24.80 Lacs and on 31.03.2022, a sum of Rs.30,22,516/- was due.
6. Accordingly, the application of the bank for the recovery of
Rs.30,22,516/- (Rupees Thirty Lacs Twenty Two Thousand Five Hundred Sixteen Only) with interest @10.30% per annum with half-yearly rests from 29.07.2022, till the date of payment is hereby allowed with costs. The liability of both 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.
7. Pending IAs, if any, stand disposed of.
8. Recovery Certificate be issued accordingly.
9. Parties are directed to appear before Recovery Officer on
25.09.2025,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 parties.
Pronounced in the open Court. (A S Narang) Dated: 18.08.2025 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Punjab National Bank (Oriental Bank of Commerce) v. Davinder Singh

Case brief

What is this about?

What did the court decide?

Punjab National Bank (Oriental Bank of Commerce) v. Davinder Singh

Case brief

What is this about?

What did the court decide?

What the court decided

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