Allowed

Punjab National Bank (Oriental Bank of Commerce) v. Harbinder Singh

DRT8 Aug 2025OA/568/2022

Case brief

AI extract

What is this about?

The DRT allowed the bank's application for recovery of Rs. 20,17,508/- and interest against the defendant who appeared ex parte. The court confirmed the loan advance and authorized recovery via sale of mortgaged land.

What did the court decide?

Application allowed for recovery of Rs. 20,17,508/- with interest; Recovery Certificate issued; defendant directed to appear before Recovery Officer.

Punjab National Bank (Oriental Bank of Commerce)… — Contract and Commercial Disputes | 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: 568/2022 Date of Institution: 28.03.2022 Date of Decision: 08.08.2025

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Punjab National Bank (Erstwhile Oriental Bank of Commerce) having its branches all over India and a branch at VPO Bihla, Tehsil & District Barnala, Punjab.

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……..Applicant Vs.

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Harbinder Singh s/o Sh. Mohinder Singh, r/o Village Raiser Patiala, Tehsil & District Barnala, Punjab.

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……….Defendant

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Advocates

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Sh. Arvind Rajotia, Counsel for the applicant bank. Defendant- ex parte vide order dated 10.07.2024 .

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OA for the Recovery of Rs.20,17,508/- with interest @8.5% per annum with yearly rests from 28.03.2022.

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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.20,17,508/- with interest against Sh. Harbinder Singh (defendant).

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Bank’s case is that on 10.03.2014, it had granted a loan of Rs.15.00 Lacs to defendant in the form of O.G.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 @8.5% per annum with yearly rests. On 24.03.2022, a sum of Rs.20,17,508/- was due from the defendant. The defendant had duly acknowledged his liability towards the debt on 07.09.2016 & 05.09.2019. Despite repeated requests, defendant did not make the repayment. Hence, this application.

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On 20.04.2022, summons was sent to the defendant by registered post, which was duly served. However, defendant did not put in appearance. Vide order dated 10.07.2024, 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. Sunil Kumar Singh, Senior Manager along with the loan and security documents and marked them as Exhibit A-1 to A-10. 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.50.00 Lacs and on 24.03.2022, a sum of Rs.20,17,508/- was due. 6. Accordingly, the application of the bank for the recovery of Rs.20,17,508/- (Rupees Twenty Lacs Seventeen Thousand Five Hundred Eight Only) with interest @8.5% per annum with yearly rests from 28.03.2022, 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 18.09.2025, 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.

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Pronounced in the open Court. (A S Narang) Dated: 08.08.2025 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Punjab National Bank (Oriental Bank of Commerce) v. Harbinder Singh

Case brief

What is this about?

What did the court decide?

Punjab National Bank (Oriental Bank of Commerce) v. Harbinder Singh

Case brief

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What did the court decide?

What the court decided

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