Allowed

Canara Bank v. Balwant Singh

DRT29 Sept 2025OA/1971/2022

Case brief

AI extract

What is this about?

The DRT-I, Chandigarh allowed the applicant bank's application for recovery of dues. The court held that the bank proved the loan advance and outstanding amount. The application was allowed, and recovery proceedings were directed to the Recovery Officer.

What did the court decide?

Application allowed; Recovery Certificate issued; Recovery Officer directed to sell mortgaged property and distribute proceeds.

Canara Bank versus Balwant Singh — 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: 1971 of 2022 Date of Institution: 20.09.2022 Date of Decision: 29.09.2025

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Canara Bank having its branches all over India and a branch at Nurmahal, Jalandhar, Punjab.

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……..Applicant

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Vs.

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Balwant Singh s/o Sh. Kharak Singh r/o Village Kaimbwala, Tehsil Nakodar, District Jalandhar, Punjab.

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……….Defendant

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Advocates

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Sh. Kanchan Sehgal, Counsel for the applicant bank. Defendant - ex parte .

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OA for the Recovery of Rs.46,04,845/- with interest @11.75% per annum with half-yearly rests from 20.09.2022.

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ORDER

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Canara Bank (Bank) has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.46,04,845/- with interest against Sh. Balwant Singh (defendant).

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Bank’s case is that on 05.11.2018, it had granted a loan of Rs.30.00Lacs to defendant in the form of C.C Limit for agricultural purpose. To secure the loan, Defendant had mortgaged his land (fully detailed in para No.3A of the application). The loan was chargeable to interest @11.75% per annum with half-yearly rests. The defendant had acknowledged the liability towards the debt on 22.08.2022. On 22.08.2022, a sum of Rs.46,04,845/- was due from the defendants. Despite repeated requests, defendant did not make the repayment. Hence, this application.

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On 13.10.2022, summons was sent to the defendant by registered post, which was duly served. However, defendant did not put in appearance. Vide order dated 03.05.2023, he proceeded was ex parte . 4. In order to prove its case, the Bank has placed on record the affidavit of Mr. Pardeep Kumar, Authorised Officer along with the loan and security documents and marked them as Exhibit A-1 to A-10. 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.30.00Lacs and on 22.08.2022, a sum of Rs.46,04,845/- was due. 6. Accordingly, the application of the bank for the recovery of Rs.46,04,845/- (Rupees Forty Six Lacs Four Thousand Eight Hundred and Forty Five Only) with interest @11.75% per annum with half-yearly rests from 20.09.2022, till the date of payment is hereby allowed with costs. 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 defendant.

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Pending IAs, if any, stand disposed of. 8. Recovery Certificate be issued accordingly. 9. Party is directed to appear before Recovery Officer on 03.11.2025, who is directed to distribute the sale proceeds of the mortgaged property(ies) and standing crops as per the provisions of Section 19(20AB) of the Act .

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A Copy of this order along with Recovery Certificate be sent to the Recovery Officer as well as the party.

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Pronounced in the open Court. (A S Narang) Dated: 29.09.2025 Presiding Officer DRT-1, Chandigarh Amanpreet (Law Researcher)

Canara Bank v. Balwant Singh

Case brief

What is this about?

What did the court decide?

Canara Bank v. Balwant Singh

Case brief

What is this about?

What did the court decide?

What the court decided

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