The Debts Recovery Tribunal allowed an application filed by Canara Bank for recovery of Rs.22,93,000/- with interest against the defendant, holding that the bank proved the loan advancement and liability.
Recovery of Rs.22,93,000/- with interest @9.80% per annum, Recovery Certificate issued, and directions to Recovery Officer for distribution of sale proceeds.
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IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 1933/2022 Date of Institution: 17.09.2022 Date of Decision: 24.10.2025
Canara Bank, having its branches all over India and a branch at Ajnala, Tehsil and District Amritsar, Punjab
……..Applicant Vs.
Sh. Sukhwant Singh S/o Sh. Ravel Singh, r/o Village Kotli Amb, Tehsil Ajnala, District Amritsar, Punjab
……….Defendant
Advocates
Mr. Gaurav Thakur proxy counsel for Sh. Navdeep Singh, Counsel for the applicant bank.
Defendant - ex parte
OA for the Recovery of Rs.22,93,000/- with interest @9.80% per annum with half-yearly rests from 17.09.2022.
ORDER
1 issue framed by the court
Whether the application for recovery of loan amount along with interest under Section 19 of RDB Act is maintainable?
1 provisions across 1 enactments
Canara Bank
Sh. Sukhwant Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
