The Debts Recovery Tribunal allowed the bank's application for recovery of Rs. 20,48,836.53 plus interest, finding the defendants liable for the loan and mortgage dues.
Recovery of Rs. 20,48,836.53 plus interest @9.60% per annum allowed; Recovery Certificate issued; Directions for distribution of sale proceeds.
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: 433/2022 Date of Institution: 18.02.2022 Date of Decision: 06.05.2025
Punjab National Bank having its branches all over India and a branch at Industrial Estate, Batala, District Gurdaspur, Punjab.
……..Applicant Vs. 1. Palwinder Singh 2. Kashmir Singh Both s/o Jageer Singh, r/o Village Nabi Nagar, Tehsil Dera Baba Nanak, District Gurdaspur, Punjab.
……….Defendants
Advocates
Sh. Ankit Kaushal, Counsel for the applicant bank. Defendants- ex parte vide order dated 06.09.2022 .
OA for the Recovery of Rs.20,48,836.53p with interest @9.60% per annum with yearly rests from 18.02.2022.
ORDER
2
MANOJ KALRA
2 issues framed by the court
Whether the applicant bank is entitled to recover the outstanding loan amount with interest and enforce the mortgage.
Whether the application for recovery of dues under Section 19 of the RDB Act should be allowed.
2 provisions across 1 enactments
Punjab National Bank
Palwinder Singh
Kashmir Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
