DRT-I Chandigarh allowed the applicant bank's application under the RDB Act for the recovery of an outstanding agricultural loan of Rs. 21,96,871.61 along with interest from mortgaged land and borrowers' properties.
Recovery of Rs. 21,96,871.61 with interest; issuance of Recovery Certificate; recovery by sale of mortgaged land and other properties.
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IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 2219/2022 Date of Institution: 07.11.2022 Date of Decision: 12.11.2025
Union Bank of India having its branches all over India and a branch at Village Mustafapur, Tehsil Kartarpur, District Jalandhar, Punjab.
……..Applicant
Vs.
All r/o Village Ghumiara, P.O. Kartarpur, Distt. Jalandhar, Punjab.
……….Defendants
Advocates
Ms. Parmeet Kaur proxy counsel for Sh. IS Bhatia, Counsel for the applicant bank.
Defendants - ex parte vide order dated 18.03.2024 .
OA for the Recovery of Rs.21,96,871.61p with interest @9.60% per annum with half-yearly rests from 07.11.2022.
ORDER
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Defendants had duly acknowledged their liability towards the debt on 23.09.2014, 30.03.2017, 19.03.2020. On 31.08.2022, a sum of Rs.21,96,871.61p was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application. 3. On 04.01.2023, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 18.03.2024, they were proceeded ex parte . 4. In order to prove its case, the Bank has placed on record the affidavit of Sh. Gura Ditta, Principal Officer along with the loan and security documents and marked them as Exhibit A-1 to A-28. 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.15.00 Lacs and on 31.08.2022, a sum of Rs.21,96,871.61p was due. 6. Accordingly, the application of the bank for the recovery of Rs.21,96,871.61p (Rupees Twenty One Lacs Ninety Six Thousand Eight Hundred Seventy One and Paise Sixty One Only) with interest @9.60% per annum with half-yearly rests from 07.11.2022, 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. 7. Pending IAs, if any, stand disposed of. 8. Recovery Certificate be issued accordingly. 9. Parties are directed to appear before Recovery Officer on 17.12.2025, who is directed to distribute the sale proceeds of the mortgaged land and standing crops as per the provisions of Section 19(20AB) of the Act .
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1 issue framed by the court
Whether the applicant bank is entitled to recover the outstanding loan amount with interest as per the application.
2 provisions across 1 enactments
Union Bank of India
Sh. Gurdawar Singh
Sh. Surjit Singh
Sh. Malkit Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
