The Tribunal allowed an application by Canara Bank to recover Rs.26,66,938/- with interest from the principal borrower and guarantors, directing the execution of the recovery.
Recovery of Rs.26,66,938/- with interest directed; Recovery Certificate issued; execution if assets realized.
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IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 2034/2022 Date of Institution: 24.08.2022 Date of Decision: 20.03.2025
Canara Bank having its branches all over India and a branch at Guru Har Sahai, District Ferozepur, Punjab.
……. Applicant
Vs.
………. Defendants
Advocates
Mr. Aseem Kataria, Counsel for the applicant bank. Defendants- ex parte .
OA for the Recovery of Rs.26,66,938/- with interest @11.50% per annum with monthly rests from 24.08.2022.
ORDER
2
3
1 issue framed by the court
Whether the Debt Recovery Tribunal can allow an application for recovery of a loan amount advanced by the bank against the defendants.
1 provisions across 1 enactments
Canara Bank
M/s New Golden Traders
Smt. Kamaljeet Kaur
Sh. Parampreet Singh
Sh. Charanjit Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
