Allowed

Punjab National Bank v. Balwinder Singh

DRT29 Sept 2025OA/21/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an order for recovery of Rs. 47,62,002/- with interest against the defendant. The bank proved the loan via affidavit and documents. Land mortgaged to secure the loan can be sold, and recovery can be sought from other properties. Recovery Officer directed to distribute proceeds of sale.

What did the court decide?

Recovery of Rs. 47,62,002/- with interest @10.50% p.a. allowed; Recovery Certificate issued; matter remanded to Recovery Officer to sell mortgaged land and distribute proceeds.

Punjab National Bank versus Balwinder Singh — Contract and Commercial Disputes | 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: 21/2022 Date of Institution: 31.12.2021 Date of Decision: 29.09.2025

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Punjab National Bank having its branches all over India and a branch at Mari Buchian, Tehsil Batala, District Gurdaspur, Punjab.

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……..Applicant

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Vs.

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Balwinder Singh s/o Sh. Karnail Singh, r/o Village Dakoha, Tehsil Batala, District Gurdaspur, Punjab.

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……….Defendant

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Advocates

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Sh. Ankit Kaushal, Counsel for the applicant bank. Defendant- ex parte vide order dated 20.10.2023 . OA for the Recovery of Rs.47,62,002/- with interest @10.50% per annum with yearly rests from 31.12.2021.

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ORDER

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Punjab National Bank has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.47,62,002/- with interest against Sh. Balwinder Singh (defendant).

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Bank’s case is that on 17.08.2015, it had granted a loan of Rs.20.00 Lacs in the form of K.C.C Limit and a loan of Rs.5.00Lacs in the form of Term Loan for agricultural purpose to the Defendant. To secure the loan, Defendant had mortgaged his land (fully detailed in para No.3A of the application). The loan was chargeable to interest @10.50% per annum with yearly rests. Defendant had duly acknowledged his liability towards the debt on 13.06.2018 & 23.09.2020. On 31.10.2021, a sum of Rs.47,62,002/- was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this application.

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On 06.04.2022, summons was sent to the defendant by registered post, which was duly served. However, defendant did not put in appearance. Vide order dated 20.10.2023, 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. Sumit Dogra, Authorized Officer along with the loan and security documents and marked them as Exhibit A-1 to A-10.

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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.25.00 Lacs and on 31.10.2021, a sum of Rs.47,62,002/- was due.

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Accordingly, the application of the bank for the recovery of Rs.47,62,002/- (Rupees Forty Seven Lacs Sixty Two Thousand Two Only) with interest @10.50% per annum with yearly rests from 31.12.2021, 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 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: 29.09.2025 Presiding Officer DRT-1, Chandigarh

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MANOJ KALRA

Punjab National Bank v. Balwinder Singh

Case brief

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Punjab National Bank v. Balwinder Singh

Case brief

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