Allowed

Idbi Bank v. Amrik Kaur

DRT1 Nov 2025OA/583/2023

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the bank's application for recovery of Rs. 42,93,515/- with interest against defendants who failed to repay a mortgage loan. The bank proved the advance and outstanding dues via affidavit evidence. A recovery certificate for sale of mortgaged property was issued.

What did the court decide?

Allowed recovery of Rs. 42,93,515/- with interest; issued Recovery Certificate for sale of mortgaged land; directed parties to appear before Recovery Officer.

Idbi Bank versus Amrik Kaur — 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: 583/2023 Date of Institution: 27.03.2023 Date of Decision: 01.11.2025

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IDBI Bank having its branches all over India and a branch at Shastri Nagar, Jalandhar Road, Batala, District Gurdaspur, Punjab.

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……..Applicant

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Vs.

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Amrik Kaur Wd/o Sh. Lakhbir Singh, r/o Village HardoJhanda, Tehsil Batala, District Gurdaspur, Punjab.

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Ranjit Singh s/o Sh. Lakhbir Singh, r/o Village HardoJhanda, Tehsil Batala, District Gurdaspur, Punjab.

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……….Defendants

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Advocates

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Ms. Riya Malik proxy counsel for Sh. R S Badhran, Counsel for the applicant bank.

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Defendants - ex parte vide order dated 16.07.2025 .

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OA for the Recovery of Rs.42,93,515/- with interest @13.10% per annum with half-yearly rests from 27.03.2023.

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ORDER

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IDBI Bank has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.42,93,515/- with interest against Smt. Amrik Kaur and another (defendants).

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Bank’s case is that on 16.12.2019, it had granted a loan of Rs.30.00 Lacs to defendants in the form of K.C.C Limit for agricultural purpose. To secure the loan, Defendants had mortgaged their land (fully detailed in para No.3A of the application). The loan was chargeable to interest @13.10% per annum with half-yearly rests. The defendants acknowledged their liability towards the debt on 20.10.2022, 08.12.2022. On 14.12.2022, a sum of Rs.42,93,515/- was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.

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On 21.04.2023, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 16.07.2025, they were proceeded ex parte . 4. In order to prove its case, the Bank has placed on record the affidavit of Sh. Shyam Lal Sharma, Branch Manager along with the loan and security documents and marked them as Exhibit A-1 to A-18. 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.30.00 Lacs and on 14.12.2022, a sum of Rs.42,93,515/- was due. 6. Accordingly, the application of the bank for the recovery of Rs.42,93,515/- (Rupees Forty Two Lacs Ninety Three Thousand Five Hundred Fifteen Only) with interest @13.10% per annum with half-yearly rests from 27.03.2023, till the date of payment is hereby allowed with costs. The liability of both the defendants would be joint and several. 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 defendants. 7. Pending IAs, if any, stand disposed of. 8. Recovery Certificate be issued accordingly. 9. Parties are directed to appear before Recovery Officer on 08.12.2025, who is directed to distribute the sale proceeds of the mortgaged land and standing crops as per the provisions of Section 19(20AB) of the Act . 10. A Copy of this order along with Recovery Certificate be sent to the Recovery Officer as well as the parties. Pronounced in the open Court. (A S Narang) Dated: 01.11.2025 Presiding Officer DRT-1, Chandigarh

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MANOJ KALRA

Idbi Bank v. Amrik Kaur

Case brief

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What did the court decide?

Idbi Bank v. Amrik Kaur

Case brief

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What did the court decide?

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