The DRT allowed the bank's application under Section 19 of the RDB Act to recover Rs. 26,97,632 with interest. The court held that the defendant failed to appear and ordered recovery via sale of mortgaged land and other properties.
Forty-six thousand nine hundred rupees with interest, costs, and issuance of recovery certificate for sale of mortgaged 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: 428 of 2022 Date of Institution: 09.06.2021 Date of Decision: 13.05.2025
SBI, having its branches all over India and a branch at Sadiq Distt. Faridkot, Punjab.
……..Applicant Vs.
Sh. Jaspinder Singh s/o Sh. Nazar Singh s/o Sh. Wasava Singh, r/o Rupaianwala, Tehsil & Distt. Faridkot, Punjab.
……….Defendant
Advocates
Sh. Iqbal Mohd., Counsel for the applicant bank. Defendant- ex parte vide order dated 03.05.2023 .
OA for the Recovery of Rs.26,97,632/- with interest @10.75% per annum with half-yearly rests from 09.06.2021.
ORDER
2
2 issues framed by the court
Whether the bank is entitled to recover the outstanding loan amount of Rs. 26,97,632/ along with interest.
Whether the applicant is entitled to a recovery certificate for the sale of mortgaged property.
2 provisions across 1 enactments
SBI (State Bank of India)
Sh. Jaspinder Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
