Allowed

Punjab National Bank v. Sh. Gurjit Singh @ Gurjeet Singh

DRT29 Oct 2025OA/505/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal adjudicated an application filed by Punjab National Bank for recovery of dues of Rs. 22,75,734.13 with interest. The court found that the plaintiff had proved its case regarding the loan and mortgage. The ex parte order was sustained, and the application was allowed, directing recovery from the mortgaged land and other properties.

What did the court decide?

Application allowed; recovery of Rs. 22,75,734.13 with interest granted; Recovery Certificate issued; direction to recover from mortgaged land and personal movable/immovable properties; sale proceeds

Punjab National Bank versus Sh. Gurjit Singh @ Gurjeet 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: 505/2022 Date of Institution: 10.03.2022 Date of Decision: 29.10.2025

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Punjab National Bank having its branches all over India and a branch at Dangar Khera, Abohar, District Fazilka, Punjab.

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……..Applicant

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Vs.

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Sh. Gurjit Singh @ Gurjeet Singh s/o Sh. Tek Singh, r/o H.No.64, Village Buraj, Hanumangarh, Abohar, Fazilka, Punjab.

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……….Defendant

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Advocates

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Ms. Nisha Meena, Nodal Officer for the applicant bank. Defendant- ex parte vide order dated 02.08.2023 . OA for the Recovery of Rs.22,75,734.13p with interest @10.50% per annum with half-yearly rests from 10.03.2022.

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ORDER

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Punjab National Bank has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.22,75,734.13p with interest against Sh. Gurjit Singh @ Gurjeet Singh (defendant).

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Bank’s case is that on 30.12.2014, it had granted a loan of Rs.17.00Lacs to defendant in the form of K.C.C Limit for agricultural purpose. To secure the loan, Defendant had mortgaged his agricultural land (fully detailed in para No.3A of the application). The loan was chargeable to interest @10.50% per annum with half-yearly rests. Defendant had duly acknowledged his liability towards the debt on 07.09.2017 & 10.12.2019. On 15.02.2022, a sum of Rs.22,75,734.13p was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this application.

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On 10.10.2022, summons was sent to the defendant by registered post, which was duly served. However, defendant did not put in appearance. Vide order dated 02.08.2023, he was proceeded ex parte .

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In order to prove its case, the Bank has placed on record the affidavit of Sh. Paramjit Singh, Senior Manager along with the loan and security documents and marked them as Exhibit A-1 to A-12. 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.17.00 Lacs and on 15.02.2022, a sum of Rs.22,75,734.13p was due. 6. Accordingly, the application of the bank for the recovery of Rs.22,75,734.13p (Rupees Twenty Two Lacs Seventy Five Thousand Seven Hundred Thirty Four and Paise Thirteen Only) with interest @10.50% per annum with half-yearly rests from 10.03.2022, till the date of payment is hereby allowed with costs. Bank can recover its dues by the sale of mortgaged agricultural 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 02.12.2025, who is directed to distribute the sale proceeds of the 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 party. Pronounced in the open Court. (A S Narang) Dated: 29.10.2025 Presiding Officer DRT-1, Chandigarh

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MANOJ KALRA

Punjab National Bank v. Sh. Gurjit Singh @ Gurjeet Singh

Case brief

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Punjab National Bank v. Sh. Gurjit Singh @ Gurjeet Singh

Case brief

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What the court decided

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