The Debt Recovery Tribunal allowed the applicant bank's application for recovery of a dues arising from an agricultural loan and mortgage default against the respondent defendant who failed to appear.
Recovery of Rs. 26,60,738.78p with interest of 9.55% per annum; direction to sell mortgaged land and distribute proceeds.
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IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 259/2024 Date of Institution: 12.02.2024 Date of Decision: 23.01.2025
Punjab National Bank, a branch amongst at Makhu, District Ferozepur.
……..Applicant
Vs.
Sh. Lakhwinder Singh S/o Sh. Anoop Singh, R/o H.No.149A, Ward No.2, Bullo Ke Makhu, Tehsil Zira, District Ferozepur.
……….Defendant
Advocates
Ms. Lovedeep Kaur, proxy Counsel for Ms. Puja Sharma, Counsel for the applicant bank.
Defendant – ex parte
OA for the Recovery of Rs.26,60,738.78p with interest @9.55% per annum with half yearly rests from 12.02.2024.
ORDER
2
1 issue framed by the court
Whether the bank proved its case for recovery of the disputed amount under Section 19 of the RDB Act.
1 provisions across 1 enactments
Punjab National Bank
Sh. Lakhwinder Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
