The DRT-I, Chandigarh, upheld the bank's application for recovery of Rs. 24.61 lakhs along with interest under Section 19 of the RDB Act after the defendant failed to appear. The debt was acknowledged by the defendant previously. The court directed the sale of mortgaged land.
Recovery of Rs. 24,61,632/- with interest; direction to sale of mortgaged land.
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: 286/2022 Date of Institution: 01.02.2022 Date of Decision: 29.10.2025
Punjab National Bank having its branches all over India and a branch at Atta Goraya, Distt. Jalandhar, Punjab.
……..Applicant Vs.
Mr. Paramjit Singh s/o Sh. Phuman Singh, r/o Village Phalpota, Tehsil Phillaur, District Jalandhar, Punjab.
……….Defendant
Advocates
Ms. Ritika Kansal proxy counsel for Sh. M. N. Sharma through VC, Counsel for the applicant bank. Defendant- ex parte vide order dated 24.04.2024 . OA for the Recovery of Rs.24,61,632/- with interest @8.85% per annum with half-yearly rests from 01.02.2022.
ORDER
2
| Rs.24,61,632/- was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this application. |
|---|
| 3. On 05.04.2022, summons was sent to the defendant by registered |
| post, which was duly served. However, defendant did not put in |
| appearance. Vide order dated 24.04.2024, he was proceeded_ex parte_. |
| 4. In order to prove its case, the Bank has placed on record the |
| affidavit of Sh. Mohinder Paul, Senior Manager along with the loan and security documents and marked them as Exhibit A-1 to A-30. |
| 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 total loan of Rs.30.00Lacs and on 27.01.2022, a sum of Rs.24,61,632/- was due. |
| 6. Accordingly, the application of the bank for the recovery of |
| Rs.24,61,632/- (Rupees Twenty Four Lacs Sixty One Thousand Six |
| Hundred Thirty Two Only) with interest @8.85% per annum with half- |
| yearly rests from 01.02.2022, 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. |
| 7. Pending IAs, if any, stand disposed of. |
| 8. Recovery Certificate be issued accordingly. |
| 9. Party is directed to appear before Recovery Officer on02.12.2025, |
| 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: 29.10.2025 Presiding Officer DRT-1, Chandigarh MANOJ KALRA |
1 issue framed by the court
Whether the application for recovery of dues under Section 19 of the RDB Act is maintainable.
1 provisions across 1 enactments
Punjab National Bank
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
