Allowed

Hdfc Bank v. Jaskaran Singh

DRT6 Dec 2025OA/423/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the applicant bank’s application for recovery of Rs.1.13 Crore with interest against the respondents, who failed to appear despite summons, validating the bank’s evidence of loan advance and non-repayment under Section 19 of the RDB Act.

What did the court decide?

Recovery of Rs.1,13,36,902 with interest at 12% p.a., costs, and issuance of recovery certificate; liability declared joint and several.

Hdfc Bank versus Jaskaran Singh — Contract and Commercial Disputes | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH

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BEFORE: A S NARANG, PRESIDING OFFICER

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OA No: 423/2022 Date of Institution: 02.03.2022 Date of Decision: 06.12.2025

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HDFC Bank Limited having its branches all over India and a branch at Makhu Branch, District Ferozepur, Punjab.

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……..Applicant

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Vs.

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Jaskaran Singh s/o Sh. Channan Singh, r/o H.No.1, Village Nihalke, Tehsil Zira, District Ferozepur, Punjab.

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Kawaljit Singh s/o Sh. Channan Singh, r/o H.No.1, Village Nihalke, Tehsil Zira, District Ferozepur, Punjab.

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Channan Singh s/o Sh. Arjan Singh, r/o H.No.1, Village Nihalke, Tehsil Zira, District Ferozepur, Punjab.

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Niranjan Singh s/o Sh. Arjan Singh, r/o Village Nihalke, Tehsil Zira, District Ferozepur, Punjab.

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……….Defendants

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Advocates

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Sh. Saurabh Bhardwaj, Counsel for the applicant bank. Defendants - ex parte vide order dated 26.03.2024 .

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OA for the Recovery of Rs.1,13,36,902/- with interest @12% per annum with half-yearly rests from 02.03.2022.

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ORDER

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HDFC Bank Limited has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.1,13,36,902/- with interest against Sh. Jaskaran Singh and others (defendants).

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Bank’s case is that on 20.03.2017, it had enhanced and renewed existing K.C.C. Limit of Rs.62.00Lacs and a Term Loan of Rs.23.00Lacs to defendant Nos. 1 to 3 for agricultural purpose. To secure the loans, Defendant Nos. 1 to 3 had mortgaged their land (fully detailed in para No.5v of the application). Defendant No.4 stood as the guarantor. Both

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the loans were chargeable to interest @12% per annum with half-yearly rests. On 19.10.2021, a sum of Rs.1,13,36,902/- was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.

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On 14.03.2022, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 26.03.2024, they were proceeded ex parte . 4. In order to prove its case, the Bank has placed on record the affidavit of Ms. Pooja Arora, Senior Manager (Agri. Legal) along with the loan and security documents and marked them as Exhibit A-1 to A- 10. 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 the total loan of Rs.85.00 Lacs and on 19.10.2021, a sum of Rs.1,13,36,902/- was due. 6. Accordingly, the application of the bank for the recovery of Rs.1,13,36,902/- (Rupees One Crore Thirteen Lacs Thirty Six Thousand Nine Hundred Two Only) with interest @12% per annum with half-yearly rests from 02.03.2022, till the date of payment is hereby allowed with costs. The liability of all the defendants would be joint and several. Bank can recover its dues by the sale of mortgaged land fully detailed in para No.5v of the application as well as from the personal movable and immovable property(ies) of the defendants. 7. Pending IAs, if any, stand disposed of. 8. Recovery Certificate be issued accordingly. 9. Parties are directed to appear before Recovery Officer on 08.01.2026, who is directed to distribute the sale proceeds of the

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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 parties. Pronounced in the open Court. (A S Narang) Dated: 06.12.2025 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Hdfc Bank v. Jaskaran Singh

Case brief

What is this about?

What did the court decide?

Hdfc Bank v. Jaskaran Singh

Case brief

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What did the court decide?

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