Allowed

State Bank of India v. Sh. Daljit Singh

DRT2 Aug 2025OA/1642/2022

Case brief

AI extract

What is this about?

The Division Bench allowed an application for the recovery of a loan of Rs. 25,06,015.30p with interest against the defendant, who was absent, and directed the issuance of a recovery certificate and appearance before the Recovery Officer.

What did the court decide?

Recovery of Rs. 25,06,015.30p with interest @11.50% per annum; Recovery Certificate issued; Appearance by parties before Recovery Officer.

State Bank of India versus Sh. Daljit 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: 1642/2022 Date of Institution: 08.08.2022 Date of Decision: 02.08.2025

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SBI having its branches all over India and a branch at Harchowal Chowk, College Road, Qadian, Tehsil Batala, District Gurdaspur, Punjab.

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……..Applicant Vs.

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Sh. Daljit Singh s/o Sh. Puran Singh, r/o Village Lakhanpur, Tehsil & District Gurdaspur, Punjab.

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……….Defendant

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Advocates

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Sh. Vivek Verma, Counsel for the applicant bank. Defendant- ex parte vide order dated 05.09.2023 . OA for the Recovery of Rs.25,06,015.30p with interest @11.50% per annum with half-yearly rests from 08.08.2022.

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ORDER

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SBI has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.25,06,015.30p with interest against Sh. Daljit Singh (defendant). 2. Bank’s case is that on 23.05.2015, it had granted a loan of Rs.13.00 Lacs 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 @11.50% per annum with half-yearly rests. On 29.07.2022, a sum of Rs.25,06,015.30p was due from the defendant. The defendant had duly acknowledged his liability towards the debt on 27.01.2017. Despite repeated requests, defendant did not make the repayment. Hence, this application.

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On 17.10.2022, summons was sent to the defendant by registered post, which was duly served. However, defendant did not put in appearance. Vide order dated 05.09.2023, he was proceeded ex parte . 4. In order to prove its case, the Bank has placed on record the affidavit of Sh. Varinder Kumar Sharma, Deputy Manager along with the loan and security documents and marked them as Exhibit A-1 to A-15. 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.13.00 Lacs and on 29.07.2022, a sum of Rs.25,06,015.30p was due. 6. Accordingly, the application of the bank for the recovery of Rs.25,06,015.30p (Rupees Twenty Five Lacs Six Thousand Fifteen and Paise Thirty Only) with interest @11.50% per annum with half-yearly rests from 08.08.2022, 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. 7. Pending IAs, if any, stand disposed of. 8. Recovery Certificate be issued accordingly. 9. Party is directed to appear before Recovery Officer on 11.09.2025, 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 party. Pronounced in the open Court. (A S Narang) Dated: 02.08.2025 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

State Bank of India v. Sh. Daljit Singh

Case brief

What is this about?

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State Bank of India v. Sh. Daljit Singh

Case brief

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What did the court decide?

What the court decided

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