The DRT allowed the bank's application for recovery of Rs. 39,76,782/- with interest under Section 19 of the RDB Act. The court held the debt was proved and directed sale of mortgaged property and recovery from other assets.
Recovery of Rs. 39,76,782/- with interest; recovery certificate issued; sale of mortgaged land directed.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 282/2022 Date of Institution: 04.02.2022 Date of Decision: 15.12.2025 SBI having its branches all over India and a branch at ADB Phillaur, ……..Applicant Vs.
SBI having its branches all over India and a branch at ADB Phillaur, District Jalandhar, Punjab.
Smt. Surinder Kaur w/o Sh. Harjang Singh, r/o H.No.127, Village Seerha, Tehsil and District Ludhiana, Punjab.
……….Defendant
Advocates
Ms. Lovedeep Kaur proxy counsel for Ms. Puja Sharma, Counsel for the applicant bank. Defendant- ex parte vide order dated 06.03.2024 . OA for the Recovery of Rs.39,76,782/- with interest @10.60% per annum with half-yearly rests from 04.02.2022.
ORDER
2
2 issues framed by the court
Whether the applicant bank proved its case for recovery of the outstanding loan amount and interest.
Whether the defendant, having failed to appear, is liable to have the application allowed ex parte.
2 provisions across 1 enactments
SBI
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
