Allowed

Punjab National Bank v. Smt. Kamaljit Kaur

DRT27 Oct 2025OA/460/2023

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal allowed an Outer Appeal filed by Punjab National Bank for the recovery of dues along with interest. The court accepted the bank's evidence showing the loan advance and subsequent default, permitting recovery via sale of mortgaged land or other properties and directed issuance of a Recovery Certificate.

What did the court decide?

Recovery of Rs. 35,49,795/- with interest at 10.80% per annum allowed; Recovery Certificate issued; directions issued to Recovery Officer regarding distribution of sale proceeds.

Punjab National Bank versus Smt. Kamaljit Kaur — Execution and Attachment | 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: 460 of 2023 Date of Institution: 03.03.2023 Date of Decision: 27.10.2025

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Punjab National Bank having its branches all over India and a branch at Cicrle Sastra Centre, Jalandhar, Civil Lines, Jalandhar, Punjab.

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……..Applicant Vs.

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Smt. Kamaljit Kaur w/o Baljinder Singh, Patti Dehal VPO Pasla, Tehsil Phillaur, District Jalandhar, Punjab.

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……….Defendant

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Advocates

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Sh. Kaveesh, Counsel for the applicant bank. Defendant - ex parte .

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OA for the Recovery of Rs.35,49,795/- with interest @10.80% per annum with half-yearly rests from 03.03.2023.

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ORDER

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Punjab National Bank (Bank) has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.35,49,795/- with interest against Smt. Kamaljit Kaur (defendant).

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Bank’s case is that on 29.03.2014, it had granted a loan of Rs.20.00Lacs to defendant in the form of K.C.C Limit for agricultural purpose. To secure the loan, Defendant had mortgaged his land (fully detailed in para No.3A of the application). The loan was chargeable to interest @10.80% per annum with half-yearly rests. The defendant had acknowledged the liability towards the debt on 10.01.2017, 03.01.2020, 10.04.2022. On 28.12.2022, a sum of Rs. 35,49,795/- was due from the defendants. Despite repeated requests, defendant did not make the repayment. Hence, this application.

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On 31.03.2023, summons was sent to the defendant by registered post, which was duly served. However, defendant did not put in appearance. Vide order dated 27.03.2024, he proceeded was ex parte .

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In order to prove its case, the Bank has placed on record the affidavit of Mr. Surender Kumar, Authorised Officer along with the loan and security documents and marked them as Exhibit A-1 to A-15. 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 loan of Rs.20.00Lacs and on 28.12.2022, a sum of Rs.35,49,795/- was due. 6. Accordingly, the application of the bank for the recovery of Rs.35,49,795/- (Rupees Thirty Five Lacs Forty Nine Thousand Seven Hundred and Ninety Five Only) with interest @10.80% per annum with half-yearly rests from 03.03.2023, till the date of payment is hereby allowed with costs. Bank can recover its dues by the sale of mortgaged land fully detailed in para No.3A of the application as well as from the personal movable and immovable property(ies) of the defendant.

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Pending IAs, if any, stand disposed of. 8. Recovery Certificate be issued accordingly. 9. Party is directed to appear before Recovery Officer on 28.11.2025, who is directed to distribute the sale proceeds of the mortgaged property(ies) and standing crops as per the provisions of Section 19(20AB) of the Act .

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A Copy of this order along with Recovery Certificate be sent to the Recovery Officer as well as the party. Pronounced in the open Court. (A S Narang) Dated: 27.10.2025 Presiding Officer DRT-1, Chandigarh Amanpreet (Law Researcher)

Punjab National Bank v. Smt. Kamaljit Kaur

Case brief

What is this about?

What did the court decide?

Punjab National Bank v. Smt. Kamaljit Kaur

Case brief

What is this about?

What did the court decide?

What the court decided

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