Allowed

Hdfc Bank v. Dilbag Trading Co.

DRT21 Nov 2025OA/1730/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the bank's application for recovery of Rs. 42,02,935/- plus interest against the defendants following proof of loan default. The court directed the issuance of a Recovery Certificate and ordered the sale of mortgaged land to satisfy the dues.

What did the court decide?

Recovery of Rs.42,02,935/- with interest @8.25% p.a. allowed; Recovery Certificate issued; Sale of mortgaged land directed.

Hdfc Bank versus Dilbag Trading Co. — 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: 1730/2022 Date of Institution: 18.08.2022 Date of Decision: 21.11.2025

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HDFC Bank Limited having its branches all over India and a branch at Plot No.28, HDFC Bank House, Industrial Area, Phase-I, Chandigarh.

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……..Applicant

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Vs.

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Dilbag Trading Co., through its proprietor Sh. Dilbag Singh, r/o Harchowal Road, Qadian, District Gurdaspur, Punjab.

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Dilbagh Singh, Proprietor of Dilbag Trading Co., r/o Togalwal Road, Qadian, District Gurdaspur, Punjab.

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Harjeet Kaur, r/o Village Salahpur Qadian, District Gurdaspur, Punjab.

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Davinder Singh, r/o H.No.105, Village Salahpur Qadian, District Gurdaspur, Punjab.

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……….Defendants

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Advocates

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Ms. Dipti Toni, Counsel for the applicant bank. Defendants - ex parte vide order dated 08.11.2024 .

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OA for the Recovery of Rs.42,02,935/- with interest @8.25% per annum with monthly rests from 18.08.2022.

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ORDER

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HDFC 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.42,02,935/- with interest against Dilbag Trading Co. and others (defendants).

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Bank’s case is that on 05.08.2015, it had granted a loan of Rs.36.00Lacs to defendant No.1 through its proprietor i.e. defendant No.2 in the form of O.D.A.P. Limit for Business purpose. The O.D.A.P. Facility was renewed on 28.04.2016 and 12.06.2018 for Rs.36.00Lacs. On 24.06.2020, at the request of the defendants, bank granted a loan of

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Rs.6,05,400/- under G.E.C.L. Scheme to defendant No.1 through its proprietor i.e. defendant No.2 for business purpose. To secure the loan, Defendant No.2 had mortgaged his land (fully detailed in para No.3A of the application). Defendant Nos. 2 to 4 stood as guarantors for all the facilities. The loan were chargeable at different rates of interest. On 16.07.2022, a sum of Rs.42,02,935/- was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.

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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 08.11.2024, they were proceeded ex parte .

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In order to prove its case, the Bank has placed on record the affidavit of Sh. Rajendra Prasad, Authorized Officer along with the loan and security documents and marked them as Exhibit A-1 to A-24.

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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 loans under various schemes and on 16.07.2022, a sum of Rs.42,02,935/- was due.

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Accordingly, the application of the bank for the recovery of Rs.42,02,935/- (Rupees Forty Lacs Two Thousand Nine Hundred Thirty Five Only) with interest @8.25% per annum with monthly rests from 18.08.2022, 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.

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Pending IAs, if any, stand disposed of.

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Recovery Certificate be issued accordingly.

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Parties are directed to appear before Recovery Officer on 29.12.2025, who is directed to distribute the sale proceeds of the mortgaged land 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.

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Pronounced in the open Court. (A S Narang) Dated: 21.11.2025 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Hdfc Bank v. Dilbag Trading Co.

Case brief

What is this about?

What did the court decide?

Hdfc Bank v. Dilbag Trading Co.

Case brief

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What did the court decide?

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