The Debts Recovery Tribunal allowed the application filed by Punjab National Bank for recovery of Rs.31,00,166/- with interest against the defendant, who was absent. The court approved the sale of mortgaged property to recover dues.
Recovery of Rs.31,00,166/- plus interest directed 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: 388 of 2023 Date of Institution: 13.02.2023 Date of Decision: 29.07.2025
Punjab National Bank having its branches all over India and a branch at Office Bhikhariwal Bakshiwal, Tehsil Kalanaur, District Gurdaspur, Punjab.
……..Applicant Vs.
Nirmal Singh s/o Sh. Bur Singh r/o Prem Nagar, Hardchhani Road, Tehsil & District Gurdaspur, Punjab.
……….Defendant
Advocates
Sh. Sachin Rana proxy Counsel for Sh. Arvind Rajotia, Counsel for the applicant bank. Defendant - ex parte .
OA for the Recovery of Rs.31,00,166/- with interest @11.50% per annum with yearly rests from 13.02.2023. ORDER
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his liability towards the debt on 16.05.2013, 31.08.2015, 06.04.2017 and 03.04.2020. On 15.01.2023, a sum of Rs.31,00,166/- was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this application.
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2 issues framed by the court
Whether the application for recovery of dues under Section 19 of the RDB Act is maintainable.
Whether the bank has proved its case for recovery of the principal amount along with interest.
1 provisions across 1 enactments
Punjab National Bank
Nirmal Singh
A S NARANG
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
