Idbi Bank v. Sewa Singh
Case brief
What is this about?
The Tribunal allowed an OA filed by IDBI Bank Ltd. for recovery of Rs.46,09,181.30 with interest against legal heirs of a deceased borrower and a guarantor, directing issuance of a recovery certificate.
What did the court decide?
Recovery of Rs.46,09,181.30 with interest allowed; Recovery Certificate issued; Sale of mortgaged property directed.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 1602 of 2022 Date of Institution: 02.08.2022 Date of Decision: 01.09.2025
IDBI Bank Ltd. having its branches all over India and a branch at Plot no. 273-J, SLS Tower, 100 Feet Road, East Mohan Nagar, Amritsar, Punjab. ……..Applicant
Vs.
- Sewa Singh s/o Sh. Karam Singh now deceased through his legal heirs:
- a. Harjinder Kaur wd/o Sewa Singh
- b. Tej Bir Singh s/o Sewa Singh
- c. Gurpreet Kaur d/o Sewa Singh
d. Harmanpreet Singh s/o Sewa Singh All residents of VPO Gandi wind, Sarai, Tehsil Chabal Kalan, District Tarn Taran, Punjab.
- Harjinder Kaur wd/o Sewa Singh r/o VPO Gandi wind, Sarai, Tehsil Chabal Kalan, District Tarn Taran, Punjab.
Issues for consideration
1 issue framed by the court
Whether the applicant bank is entitled to recovery of the decretal amount under Section 19 of the RDB Act.
Parties & counsel
- applicant
IDBI Bank Ltd.
- respondent
Harjinder Kaur wd/o Sewa Singh
- respondent
Tej Bir Singh s/o Sewa Singh
- respondent
Gurpreet Kaur d/o Sewa Singh
- respondent
Harmanpreet Singh s/o Sewa Singh
Case details
As recorded by the court registry
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