The Tribunal allowed an application under Section 19 of the RDB Act for recovery of Rs.41,35,378/- plus interest. The debtor and guarantor failed to appear, so the case was decided ex parte. A recovery certificate was issued.
Recovery of Rs.41,35,378/- with interest @12.80% p.a. allowed; Recovery Certificate issued; Asset sale 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: 365/2023
Date of Institution: 21.01.2023 Date of Decision: 20.11.2025
Bank of India having its branches all over India and a branch at Zonal Office, SCO No. 76-82, Sector-31-A, UT Chandigarh.
……..Applicant
Vs.
……….Defendants
Advocates
Sh. Banni Thomas, Counsel for the applicant bank. Defendants - ex parte vide order dated 18.03.2024 .
OA for the Recovery of Rs.41,35,378/- with interest @12.80% per annum with monthly rests from 21.01.2023.
ORDER
2
1 issue framed by the court
Whether the bank is entitled to recover the outstanding loan amount with interest from the borrowers and guarantor under the RDB Act.
1 provisions across 1 enactments
Bank of India
Sh. Padam Singh @Padam Singh Bisht
Sh. Jyoti Thakur
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
