Debts Recovery Tribunal-I, Chandigarh, allowed the bank's application for recovery of Rs. 34,39,539/- with interest against the defendant under Section 19 of the RDB Act, relying on the loan affidavit and security documents filed.
Allowed recovery of Rs 34,39,539/- with interest 10% p.a. Allowed recovery via sale of mortgaged property and personal assets.
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: 317 of 2022 Date of Institution: 02.02.2022 Date of Decision: 21.01.2025
SBI, having branches all over India having a branch at SARB, Shimla, Himachal Pradesh.
……..Applicant Vs.
Vishant Singh Mehta s/o Sh. Pratap Singh Mehta r/o Village Jabli, PO Ghatti, Tehsil & District Solan, Himachal Pradesh.
……….Defendant
Advocates
Sh.Vivek Verma, Counsel for the applicant bank. Defendant – ex parte
OA for the Recovery of Rs. 34,39,539/- with interest @ 10% per annum with half-yearly rests from 02.02.2022.
ORDER
2
2 issues framed by the court
Whether the bank proved its case for recovery of the loan amount with interest under Section 19 of the RDB Act.
Whether the applicant is entitled to recover dues by sale of mortgaged property and from personal assets.
1 provisions across 1 enactments
SBI, having branches all over India having a branch at SARB, Shimla, Himachal Pradesh
A S NARANG
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
