Allowed

State Bank of India v. Sh. Hardev Singh

DRT12 Nov 2025OA/1676/2022

Case brief

AI extract

What is this about?

The court allowed the applicant bank's application under Section 19 of the RDB Act for recovery of Rs. 20.87 Lakhs plus interest against the defaulting defendant. A recovery certificate to be issued and proceedings directed against mortgaged and other properties.

What did the court decide?

Recovery of Rs. 20,87,214/- with interest @11% per annum allowed; Recovery Certificate to be issued; distribution of sale proceeds ordered to Depositary.

State Bank of India versus Sh. Hardev Singh — 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: 1676/2022 Date of Institution: 12.08.2022 Date of Decision: 12.11.2025

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SBI having its branches all over India and a branch at Handiaya, District Barnala, Punajb.

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……..Applicant

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Vs.

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Sh. Hardev Singh s/o Sh. Karnail Singh, r/o Patti Vidhia, Village Khuddi Kalan, Tehsil & District Barnala, Punjab.

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……….Defendant

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Advocates

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Ms. Seerat Sharma proxy counsel for Sh. Pankaj Beri, Counsel for the applicant bank.

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Defendant- ex parte vide order dated 22.05.2024 .

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OA for the Recovery of Rs.20,87,214/- with interest @11% per annum with half-yearly rests from 12.08.2022.

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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.20,87,214/- with interest against Sh. Hardev Singh (defendant).

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Bank’s case is that on 03.06.2016, it had granted a loan of Rs.13.50 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% per annum with half-yearly rests. On 08.07.2022, a sum of Rs.20,87,214/- was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this application.

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On 03.11.2022, summons was sent to the defendant by registered post, which was duly served. However, defendant did not put in appearance. Vide order dated 22.05.2024, he was proceeded ex parte . 4. In order to prove its case, the Bank has placed on record the affidavit of Sh. Nagendra Singh, Branch Manager along with the loan and security documents and marked them as Exhibit A-1 to A-7. 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.13.50 Lacs and on 08.07.2022, a sum of Rs.20,87,214/- was due. 6. Accordingly, the application of the bank for the recovery of Rs.20,87,214/- (Rupees Twenty Lacs Eighty Seven Thousand Two Hundred Fourteen Only) with interest @11% per annum with half-yearly rests from 12.08.2022, 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.

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Pending IAs, if any, stand disposed of. 8. Recovery Certificate be issued accordingly. 9. Party is directed to appear before Recovery Officer on 17.12.2025, 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: 12.11.2025 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

State Bank of India v. Sh. Hardev Singh

Case brief

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State Bank of India v. Sh. Hardev Singh

Case brief

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