Allowed

Idbi Bank v. Jagir Singh

DRT8 Dec 2025OA/1677/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an application filed by IDBI Bank Limited for recovery of Rs. 33.90 lakhs with interest against three defendants, who appeared ex parte. The court allowed the recovery of the due amount via sale of mortgaged land and properties with a recovery certificate issued.

What did the court decide?

Recovery of Rs. 33,90,956.98 with interest allowed; recovery certificate issued; joint and several liability imposed; sale of mortgaged land and properties directed for recovery.

Idbi Bank versus Jagir Singh — Contract and Commercial Disputes | DRT (2025)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH

¶2

BEFORE: A S NARANG, PRESIDING OFFICER

¶3

OA No: 1677/2022

¶4

Date of Institution: 11.08.2022 Date of Decision: 08.12.2025

¶5

IDBI Bank Limited having its branches all over India and a branch at Beas, District Amritsar, Punjab.

¶6

……..Applicant

¶7

Vs.

¶8

Jagir Singh s/o Sh. Tara Singh, r/o Village Rampur Bhut wind, Vairowal, Tarn Taran, Amritsar, Punjab.

¶9

Baljinder Singh s/o Sh. Jagir Singh, r/o Village Rampur Bhut wind, Vairowal, Tarn Taran, Amritsar, Punjab.

¶10

Savinder Singh s/o Sh. Surjit Singh, r/o H.No.53, Village Rampur Bhut wind, Tehsil Tarn Taran, District Amritsar, Punjab.

¶11

……….Defendants

¶12

Advocates

¶13

Ms. Riya Malik proxy counsel for Sh. R.S. Badhran, Counsel for the applicant bank.

¶14

Defendants - ex parte vide order dated 26.04.2024 .

¶15

OA for the Recovery of Rs.33,90,956.98p with interest @12.25% per annum with half-yearly rests from 11.08.2022.

¶16

ORDER

¶17

IDBI Bank Limited has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.33,90,956.98p with interest against Sh. Jagir Singh and others (defendants).

¶18

Bank’s case is that on 19.02.2015, it had granted a loan of Rs.25.00 Lacs to defendant Nos.1 and 2 in the form of K.C.C Limit for agricultural purpose. To secure the loan, Defendant no.1 had mortgaged his land (fully detailed in para No.3A of the application). Defendant No.3 stood as guarantor. The loan was chargeable to interest @12.25% per annum with half-yearly rests. Defendants had duly acknowledged their liability towards the debt on 07.03.2018, 10.04.2019, 23.05.2022, 08.07.2022. On 25.07.2022, a sum of Rs.33,90,956.98p was due from the defendants.

¶19

¶20

Despite repeated requests, defendants did not make the repayment. Hence, this application.
3. On 03.11.2022, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 26.04.2024, they were proceeded_ex parte_.
4. In order to prove its case, the Bank has placed on record the affidavit of Sh. Nikhil Dhingra, Branch Manager along with the loan and security documents and marked them as Exhibit A-1 to A-21.
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.25.00 Lacs and on 25.07.2022, a sum of Rs.33,90,956.98p was due.
6. Accordingly, the application of the bank for the recovery of
Rs.33,90,956.98p (Rupees Thirty Three Lacs Ninety Thousand Nine
Hundred Fifty Six and Paise Ninety Eight Only) with interest @12.25% per annum with half-yearly rests from 11.08.2022, till the date of payment is hereby allowed with costs. The liability of all 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
12.01.2026,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: 08.12.2025 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Idbi Bank v. Jagir Singh

Case brief

What is this about?

What did the court decide?

Idbi Bank v. Jagir Singh

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

Similar cases

Bank of Baroda versus Multi Tech Engineers and Consultants

Canara Bank versus Stich Poly Threads Private Ltd.

Indian Bank versus Vinay Aggarwal

Ms Thakur Bricks Industries versus Canara Bank

State Bank of India versus Mr. Narendra S/O. Vashishtha

Jithin Jameel versus South Indian Bank