Allowed

Canara Bank v. Jasvir Singh

DRT19 Nov 2025OA/2225/2022

Case brief

AI extract

What is this about?

The debt recovery tribunal allowed the applicant's application for the recovery of outstanding loan dues with interest. The tribunal perused the evidence, found the loan advanced and default proven, and directed the issuance of a recovery certificate for the sale of mortgaged property.

What did the court decide?

Recovery of Rs.33,52,767.50 with interest and costs via sale of mortgaged property; Recovery Certificate issued.

Canara Bank versus Jasvir 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: 2225 of 2022 Date of Institution: 10.11.2022 Date of Decision: 19.11.2025

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Canara Bank having its branches all over India and a branch at Fatehgarh Sahib, District Fatehgarh Sahib, Punjab.

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……..Applicant

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Vs.

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Jasvir Singh s/o Ujaggar Singh r/o H.no.13, Village Jhinjran, Post Office Nandpur Kesho, Tehsil and District Fatehgarh Sahib, Punjab.

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Harjinder Singh s/o Sh. Saroop Singh r/o H.no.92, Majri Kishanwali, Tehsil Amloh, District Fatehgarh Sahib, Punjab.

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……….Defendants

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Advocates

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Ms. Samo Devi proxy counsel for Nitin Gupta, Counsel for the applicant bank.

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Defendants - ex parte .

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OA for the Recovery of Rs.33,52,767.50p with interest @9.65% per annum with half-yearly rests from 10.11.2022.

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ORDER

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Canara 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.33,52,767.50p with interest against Sh. Jasvir Singh and another (defendants).

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Bank’s case is that on 06.05.2017, it had granted a loan of Rs.15.00Lacs to defendant no.1 in the form of K.C.C.S. Limit for agricultural purpose. To secure the loan, Defendant no.1 had mortgaged his land (fully detailed in para No.3A of the application). Defendant no.s2 stood as the guarantor. The loan was chargeable to interest @9.65% per annum with half-yearly rests. The defendants had acknowledged the

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liability towards the debt on 20.04.2019, 02.04.2022. On 30.09.2022, a sum of Rs.33,52,767.50p was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.
3. On 05.01.2023, summonses were sent to the defendants by
registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 08.11.2023, they were proceeded_ex_
parte.
4. In order to prove its case, the Bank has placed on record the affidavit of Ms. Manita, 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.15.00Lacs and on 30.09.2022, a sum of Rs.33,52,767.50p was due.
6. Accordingly, the application of the bank for the recovery of
Rs.33,52,767.50p (Rupees Thirty Three Lacs Fifty Two Thousand Seven Hundred Sixty Seven and Fifty Paise Only) with interest @9.65% per annum with half-yearly rests from 10.11.2022, 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
24.12.2025,who is directed to distribute the sale proceeds of the
mortgaged property(ies) 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: 19.11.2025 Presiding Officer DRT-1, Chandigarh Amanpreet (Law Researcher)

Canara Bank v. Jasvir Singh

Case brief

What is this about?

What did the court decide?

Canara Bank v. Jasvir Singh

Case brief

What is this about?

What did the court decide?

What the court decided

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