The DRT-II, Chandigarh allowed the applicant bank's application for recovery of Rs. 50,34,225/- along with interest against the respondents for a defaulted agricultural loan coupled with mortgage of property.
Recovery of Rs.50,34,225/- with interest and costs; issuance of Recovery Certificate; stay on pending IAs.
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IN THE DEBTS RECOVERY TRIBUNAL-II, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 1864/2022 Date of Institution: 27.09.2022 Date of Decision: 04.08.2025
Punjab National Bank at Circle Shastra Center, Karnal, Haryana
……..Applicant
Vs.
…….Defendants
Advocates
Sh. Rajindrra Kumar Joshi, Counsel for the applicant bank Defendants- ex parte
OA for the Recovery of Rs.50,34,225/- with interest @9.25% per annum with half-yearly rests from 27.09.2022.
ORDER
2
the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.
Pronounced in the open Court (A S Narang) Dated: 04.08.2025 Presiding Officer DRT-2, Chandigarh (Additional charge)
1 issue framed by the court
Whether the applicant bank proved its case for recovery of the outstanding loan amount and interest.
1 provisions across 1 enactments
Punjab National Bank
Sh. Kulwant Singh
Sh. Vikramjeet Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
