Debts Recovery Tribunal allowed an application by SBI for recovery of approximately Rs. 21.62 Lacs plus interest from a defaulting borrower, facilitating recovery via sale of mortgaged land and personal property.
Recovery of Rs. 21,62,121/- with interest @10.60% p.a. allowed via sale of mortgaged land and personal property.
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: 599/2022 Date of Institution: 22.03.2022 Date of Decision: 28.10.2025
SBI having its branches all over India and a branch at Village Daroli Kalan, Distt. Jalandhar, Punjab.
……..Applicant
Vs.
Sh. Avtar Singh s/o Sh. Dilbag Singh, r/o H.No.62, Village Daroli Kalan, Tehsil & Distt. Jalandhar, Punjab.
……….Defendant
Advocates
Ms. Lovedeep Kaur proxy counsel for Ms. Puja Sharma, Counsel for the applicant bank. Defendant- ex parte vide order dated 16.07.2025 . OA for the Recovery of Rs.21,62,121/- with interest @10.60% per annum with half-yearly rests from 22.03.2022.
ORDER
2
Pronounced in the open Court. (A S Narang) Dated: 28.10.2025 Presiding Officer DRT-1, Chandigarh MANOJ KALRA
2 issues framed by the court
Whether the applicant bank established its case for recovery of the outstanding loan amount with interest.
Whether the application for recovery of the debt is maintainable and admissible under the RDB Act.
1 provisions across 1 enactments
SBI
Sh. Avtar Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
