The Debts Recovery Tribunal allowed the bank's application for recovery of dues under Section 19 of the RDB Act, confirming the loan amount and awarding recovery via mortgage property sale despite the defendants appearing ex parte.
Recovery of Rs. 22,59,517/- with interest allowed; Recovery Certificate issued; Order for sale of mortgaged property to be made.
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-II, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 524/2022 Date of Institution: 16.03.2022 Date of Decision: 09.01.2025
UCO Bank at Old G.T. Road, Near Bus Stand Panipat, District Panipat, Haryana
Vs.
……….Defendants
Advocates
Sh. Munish Mittal, Counsel for the applicant bank. Defendants- ex parte .
OA for the Recovery of Rs.22,59,517/- with interest @11.65% per annum with half yearly rests from 16.03.2022.
ORDER
2
put in appearance. Vide order dated 07.08.2023, they were proceeded ex parte .
Pronounced in the open Court. (A S Narang) Dated: 09.01.2025 Presiding Officer DRT-2, Chandigarh (Additional charge)
3 issues framed by the court
Whether the claim for recovery of outstanding dues with interest under the RDB Act is tenable.
Whether the Application for recovery was to be allowed, considering the failure of defendants to appear.
Whether the Recovery Certificate and directions for sale of mortgaged property should be issued.
2 provisions across 1 enactments
UCO Bank at Old G.T. Road, Near Bus Stand Panipat
Sh. Sandeep Kumar
Sh. Kapil Nain
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
