The Debts Recovery Tribunal allowed the applicant bank's application for recovery of Rs. 20,21,414.98 plus interest against the defendant, who failed to repay a mortgage agricultural loan. The order mandates recovery via sale of mortgaged assets.
Recovery of Rs. 20,21,414.98 with interest; Recovery Certificate issued; Mandate to sale mortgaged land.
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: 513 of 2023 Date of Institution: 21.02.2023 Date of Decision: 29.04.2025
Punjab National Bank having its branches all over India and a branch at Chak Sharif, Distt. Gurdaspur, Punjab.
……..Applicant Vs. Sh. Gurjit Singh s/o Sh. Harbhajan Singh, r/o H.No. 72, Village Bahurian Sainian, Tehsil & Distt. Gurdaspur, Punjab.
……….Defendant
Advocates Ms. Puja Sharma, Counsel for the applicant bank. Defendant- ex parte vide order dated 10.04.2024 . OA for the Recovery of Rs.20,21,414.98p with interest @8.75% per annum with half-yearly rests from 21.02.2023.
ORDER
2
MANOJ KALRA
1 issue framed by the court
Whether the bank is entitled to recover the outstanding dues against the defendant.
1 provisions across 1 enactments
Punjab National Bank
Sh. Gurjit Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
