Allowed

Union Bank of India v. Jugraj Singh

DRT18 Jul 2025OA/429/2022

Case brief

AI extract

What is this about?

The DRT allowed the Union Bank of India's application for recovery of an outstanding loan of Rs.24.83 lakhs plus interest. The court rejected the defendants' absence, upheld the bank's evidence of debt and mortgage, and directed the issuance of a recovery certificate and future distribution of proceeds.

What did the court decide?

Recovery of Rs.24,83,692.96 plus interest at 9.85% per annum from all defendants; recovery via sale of mortgaged property and personal assets; issuance of Recovery Certificate.

Union Bank of India versus Jugraj Singh — Banking and Recovery | 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: 429 of 2022 Date of Institution: 23.11.2021 Date of Decision: 18.07.2025

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Union Bank of India, having its Head Office at 239-Vidhan Bhawan Marg, Nariman Point Mumbai and having its branch office inter-alia at Noormahal Branch, Tehsil Phillaur, District Jalandhar, Punjab.

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……..Applicant

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Vs.

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Jugraj Singh S/o Sh. Manohar Singh, R/o Village Ajtani, Tehsil Phillaur, District Jalandhar, Punjab.

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Smt. Amarjeet Kaur W/o Sh. Manohar Singh, R/o Village Ajtani, Tehsil Phillaur, District Jalandhar, Punjab.

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Jagdish Singh S/o Sh. Gurmej Singh, R/o Village Ramewal, Tehsil Phillaur, District Jalandhar, Punjab.

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……….Defendants

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Advocates

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Mr. Iqbal Mohammed, Counsel for the applicant bank.

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Defendants- Ex parte.

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OA for the Recovery of Rs.24,83,692.96p with interest @9.85% per annum with half yearly rests from the date of filing the present application i.e. 23.11.2021.

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ORDER

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Union Bank of India (Bank) has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.24,83,692.96p with interest against Jugraj Singh And Others(defendants).

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Bank’s case is that on 27.10.2008, it had granted Union Green Card Limit of Rs.15.00 lacs to defendant no.1 for agricultural purpose. Defendant nos.2 and 3 stood as guarantors. To secure the loan, Defendant no.1 had mortgaged his immovable property (fully detailed in para No.3A of the application). The loan was chargeable to interest @9.85% per annum with half yearly rests. On 04.10.2011, 05.03.2016

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and 18.07.2016, defendant no.1 had executed letter of undertaking & debit balance confirmation vide Exhibit A/19 to A/21. On 31.03.2021, a sum of Rs.24,83,692.96p was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.

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On 07.04.2022, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 26.11.2024, they were proceeded ex parte .

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In order to prove its case, the Bank has placed on record the affidavit of Mr. Prem Shanker Khatik, Branch Manager along with the loan and security documents and marked them as Exhibit A-1 to A-25.

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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 loan of Rs.15.00 lacs and on 31.03.2021, a sum of Rs.24,83,692.96p was due.

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Accordingly, the application of the bank for the recovery of Rs.24,83,692.96p (Rupees Twenty-Four Lacs Eighty-Three Thousand Six Hundred Ninety-Two And Paisa Ninety-Six Only) with interest @9.85% per annum with half yearly rests from the date of filing the present application i.e. 23.11.2021, 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 property, fully detailed in para No.3A of the application as well as from the personal movable and immovable property(ies) of the defendants.

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Pending IAs, if any, stand disposed of.

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Recovery Certificate be issued accordingly.

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Parties are directed to appear before Recovery Officer on 18.08.2025 , who is directed to distribute the sale proceeds of the mortgage property 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: 18^th July, 2025 Presiding Officer DRT-1, Chandigarh (R)

Union Bank of India v. Jugraj Singh

Case brief

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Union Bank of India v. Jugraj Singh

Case brief

What is this about?

What did the court decide?

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