Allowed

Punjab Gramin Bank v. Sh. Vajinder Singh

DRT11 Jul 2025OA/2022/2024

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal allowed the Punjab Gramin Bank's application for recovery of Rs. 30,06,750.50 with interest against three defendants who failed to appear after receiving proper summons. The court permitted recovery via mortgaged land properties.

What did the court decide?

Recovery of Rs. 30,06,750.50 with interest at 11.50% p.a. allowed. Recovery by sale of mortgaged land or personal property. Recovery certificate issued.

Punjab Gramin Bank versus Sh. Vajinder Singh — Execution and Attachment | 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: 2022/2024 Date of Institution: 09.12.2024 Date of Decision: 11.07.2025

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Punjab Gramin Bank, having its branches all over India and a branch at Bhaini Mian Khan, Gurdaspur, Punjab.

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……..Applicant

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Vs.

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Sh. Vajinder Singh s/o Sh. Kuldeep Singh, r/o H.No.400, Village Bhaini Mian Khan, Tehsil and District Gurdaspur, Punjab.

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Smt. Parkash Kaur w/o Sh. Kuldeep Singh, r/o H.No.400, Village Bhaini Mian Khan, Tehsil and District Gurdaspur, Punjab.

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Smt. Daljit Kaur w/o Sh. Vajinder Kaur, r/o H.No.400, Village Bhaini Mian Khan, Tehsil and District Gurdaspur, Punjab.

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……….Defendants

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Advocates

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Sh. Manish Singla, Counsel for the applicant bank. Defendants- ex parte vide order dated 08.07.2025 .

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OA for the Recovery of Rs.30,06,750.50p with interest @11.50% per annum with half-yearly rests from 09.12.2024.

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ORDER

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Punjab Gramin 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.30,06,750.50p with interest against Sh. Vajinder Singh and others (defendants).

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Bank’s case is that on 03.10.2013, it had granted a loan of Rs.20.00 Lacs to defendant Nos. 1 to 3 in the form of K.C.C Limit, for agricultural purpose. To secure the loan, Defendant No.1 had mortgaged his land (fully detailed in para No.3A of the application). The loan was

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chargeable to interest @11.50% per annum with half-yearly rests. On 03.10.2024, a sum of Rs.30,06,750.50p was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.

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On 07.01.2025, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 08.07.2025, they were proceeded ex parte .

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In order to prove its case, the Bank has placed on record the affidavit of Sh. Parmvir Singh, Chief Manager along with the loan and security documents and marked them as Exhibit A-1 to A-11. 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.20.00 Lacs and on 03.10.2024, a sum of Rs.30,06,750.50p was due. 6. Accordingly, the application of the bank for the recovery of Rs.30,06,750.50p (Rupees Thirty Lacs Six Thousand Seven Hundred Fifty and Paise Fifty Only) with interest @11.50% per annum with halfyearly rests from 09.12.2024, till the date of payment is hereby allowed with costs. The liability of all the defendants would be joint and several. 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 defendants.

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Pending IAs, if any, stand disposed of. 8. Recovery Certificate be issued accordingly. 9. Parties are directed to appear before Recovery Officer on 20.08.2025, who is directed to distribute the sale proceeds of the

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mortgaged land and standing crops as per the provisions of Section 19(20-AB) 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 parties. Pronounced in the open Court. (A S Narang) Dated: 11.07.2025 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Punjab Gramin Bank v. Sh. Vajinder Singh

Case brief

What is this about?

What did the court decide?

Punjab Gramin Bank v. Sh. Vajinder Singh

Case brief

What is this about?

What did the court decide?

What the court decided

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