Allowed

Punjab Gramin Bank v. Sukhdev Singh

DRT9 Jul 2025OA/2013/2024

Case brief

AI extract

What is this about?

Debts Recovery Tribunal allowed an application under Section 19 of the RDB Act filed by Punjab Gramin Bank. The court found the debt proved as the defendant failed to appear. Recovery is permitted via sale of mortgaged land or personal property, and a recovery certificate was directed to be issued.

What did the court decide?

Application allowed; recovery of Rs.55,67,396.60 with interest directed; recovery certificate issued; appearance before Recovery Officer on 14.08.2025.

Punjab Gramin Bank versus Sukhdev 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: 2013/2024 Date of Institution: 20.12.2024 Date of Decision: 09.07.2025

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Punjab Gramin Bank having its branches all over India and a branch at Village Chhina, Tehsil Ajnala, Distt. Amritsar, Punjab.

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……..Applicant Vs.

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Sukhdev Singh s/o Sh. Gurdip Singh @Gardeep Singh, r/o Village Jastarwal, Tehsil Ajnala, Distt. Amritsar, Punjab.

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2^nd Address: VPO Chohla Sahib, District Amritsar, Punjab.

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……….Defendant

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Advocates

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Sh. Varun Mittal, Counsel for the applicant bank. Defendant- ex parte vide order dated 07.07.2025 .

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OA for the Recovery of Rs.55,67,396.60p with interest @11.50% per annum with yearly rests from 20.12.2024.

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ORDER

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Punjab Gramin Bank has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.55,67,396.60p with interest against Sh. Sukhdev Singh (defendant).

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Bank’s case is that on 20.04.2015, it had granted a Term Loan of Rs.1.00 Lac and a loan of Rs.24.00 Lacs in the form of K.C.C Limit to defendant for agricultural purpose. To secure the loan, Defendant had mortgaged his land (fully detailed in para No.3A of the application). The loans were chargeable to interest @11.50% per annum with yearly rests. On 22.11.2024, a sum of Rs.55,67,396.60p was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this application.

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On 06.01.2025, summons was sent to the defendant by registered post, which was duly served. However, defendant did not put in appearance. Vide order dated 07.07.2025, he was proceeded ex parte .

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In order to prove its case, the Bank has placed on record the affidavit of Sh. Raj Kumar Bansal, Authorized Officer along with the loan and security documents and marked them as Exhibit A-1 to A-14. 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 total loan of Rs.25.00 Lacs (Rs.1.00 Lacs in Term Loan and Rs.24.00 Lacs in K.C.C. Limit) and on 22.11.2024, a sum of Rs.55,67,396.60p was due. 6. Accordingly, the application of the bank for the recovery of Rs.55,67,396.60p (Rupees Fifty Five Lacs Sixty Seven Thousand Three Hundred Ninety Six and Paise Sixty Only) with interest @11.50% per annum with yearly rests from 20.12.2024, 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. 7. Pending IAs, if any, stand disposed of. 8. Recovery Certificate be issued accordingly. 9. Party is directed to appear before Recovery Officer on 14.08.2025, who is directed to distribute the sale proceeds of the mortgaged land and standing crops as per the provisions of Section 19(20-AB) of the Act . 10. A Copy of this order along with Recovery Certificate be sent to the Recovery Officer as well as the party. Pronounced in the open Court. (A S Narang) Dated: 09.07.2025 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Punjab Gramin Bank v. Sukhdev Singh

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Punjab Gramin Bank v. Sukhdev Singh

Case brief

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