The Presiding Officer of DRT-I, Chandigarh allowed the bank's application filed under Section 19 of the RDB Act for recovery of Rs.22,97,464/- with interest, directing the issuance of a recovery certificate and sale of mortgaged property.
Direction to issue Recovery Certificate and order sale of mortgaged land and standing crops for recovery of dues.
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IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 31/2023 Date of Institution: 13.12.2022 Date of Decision: 26.08.2025
Punjab National Bank having its branches all over India and a branch at Circle Sastra Centre, Pathankot, Punjab.
……..Applicant
Vs.
Sh. Swaran Singh s/o Sh. Bishan Singh, r/o Village Panwal, Tehsil Batala, District Gurdaspur, Punjab.
……….Defendant
Advocates
Sh. Bharat Kawal proxy counsel For Sh. Kulbhushan Singh Manhas, Counsel for the applicant bank. Defendant- ex parte vide order dated 29.11.2023 .
OA for the Recovery of Rs.22,97,464/- with interest @8.85% per annum with yearly rests from 13.12.2022.
ORDER
2
Pronounced in the open Court. (A S Narang) Dated: 26.08.2025 Presiding Officer DRT-1, Chandigarh
MANOJ KALRA
2 issues framed by the court
Whether the Debt Recovery Tribunal was empowered to allow the application for recovery of the admitted debt principal, interest and costs against the defendant.
Whether the recovery certificate and direction for sale of mortgaged property under Section 19 were validly issued.
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
