Hdfc Bank v. Gurdev Singh
Case brief
What is this about?
The Debts Recovery Tribunal allowed an application for recovery of a loan of Rs.28.40 Lacs plus interest awarded to HDFC Bank Ltd. against three defendants who failed to repay their agricultural loan secured by a mortgage.
What did the court decide?
Recovery of Rs.28,40,777/- with interest and costs allowed. Liability joint and several. Sale of mortgaged property ordered; Distribution of proceeds directed.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 1640 of 2022 Date of Institution: 05.08.2022 Date of Decision: 27.01.2025
HDFC Bank Ltd. branch office at Chunni Kalan, District Fatehgarh Sahib, Punjab
……..Applicant
Vs.
- Gurdev Singh s/o Balvir Singh r/o Village Loha Kheri, Dadu Majra, Tehsil & District Fatehgarh Sahib
- Balvir Singh s/o Atma Singh r/o Village Loha Kheri, Dadu Majra, Tehsil & District Fatehgarh Sahib
- Harpreet Singh s/o Pritam Singh r/o Village Loha Kheri, Dadu Majra, Tehsil & District Fatehgarh Sahib
……….Defendants
Advocates
Sh. JS Sehgal, Counsel for the applicant bank. Defendants – ex parte
Issues for consideration
3 issues framed by the court
Whether the applicant bank established a debt of Rs.28,40,777/- with interest due from the defendants under the RDB Act.
What relief the applicant bank is entitled to for recovery of the outstanding loan amount.
How the sale proceeds of the mortgaged property should be distributed among parties.
Parties & counsel
- applicant
HDFC Bank Ltd.
- respondent
Gurdev Singh
- respondent
Balvir Singh
- respondent
Harpreet Singh
Coram
Case details
As recorded by the court registry
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