The Debts Recovery Tribunal allowed an ex parte application filed by Punjab Gramin Bank for recovery of Rs. 21,96,207/- with interest against the defendant Kulwant Singh based on a documentary verification of a loan and mortgage.
Recovery of Rs. 21,96,207/- with interest @11.50% per annum allowed via sale of mortgaged land and personal assets.
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IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 2010 of 2024 Date of Institution: 08.12.2024 Date of Decision: 09.07.2025
Punjab Gramin Bank having its branches all over India and a branch at Harsha Chhina, Tehsil Ajnala, District Amritsar, Punjab.
……..Applicant Vs.
Kulwant Singh s/o Jaswant Singh r/o Village Nepal, Tehsil Ajnala, District Amritsar, Punjab.
……….Defendant
Advocates
Sh. Varun Mittal, Counsel for the applicant bank. Defendant - ex parte .
OA for the Recovery of Rs.21,96,207/- with interest @11.50% per annum with half-yearly rests from 08.12.2024.
ORDER
2
1 issue framed by the court
Whether the applicant bank successfully proved its case for recovery of dues under Section 19 of the RDB Act.
2 provisions across 1 enactments
Punjab Gramin Bank
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
