The Presiding Officer allowed the application for recovery of Rs.30,95,263/- with interest advanced by SBI against Sh. Paramjit Singh under the Debt Recovery Tribunal Act, permitting recovery through sale of mortgaged land and personal assets.
Recovery of Rs.30,95,263/- with interest allowed; Recovery Certificate issued; Sale of mortgaged land directed.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 1962 of 2022 Date of Institution: 16.09.2022 Date of Decision: 19.05.2025
SBI, having its branches all over India and a branch at Phillaur (ADB), District Jalandhar, Punjab.
……..Applicant
Vs.
Sh. Paramjit Singh s/o Sh. Bahader Singh, r/o Village & Post Office Rattangarh, Tehsil Ludhiana, Punjab.
……….Defendant
Advocates
Sh.Sukhvinder Singh proxy for Sh. Gaurav Singla, Counsel for the applicant bank.
Defendant- ex parte vide order dated 21.02.2024 .
OA for the Recovery of Rs.30,95,263/- with interest @15% per annum with half-yearly rests from 16.09.2022.
ORDER
2
MANOJ KALRA
2 issues framed by the court
Whether the applicant bank established its prima facie case for recovery of the outstanding loan amount with interest.
Whether the application for recovery of dues from the mortgaged and personal properties be allowed.
2 provisions across 1 enactments
SBI
Sh. Paramjit Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
