Allowed

Punjab Gramin Bank v. Surinder Kaur

DRT9 Jul 2025OA/623/2024

Case brief

AI extract

What is this about?

Debts Recovery Tribunal allowed application for recovery of Rs. 25,10,988/- plus interest. Court held bank proved its case and ordered issue of Recovery Certificate with directive to Recovery Officer. Judgment allows sale of mortgaged land and attachment of personal movable/immovable properties.

What did the court decide?

Recovery of Rs. 25,10,988/- with interest at 10% per annum from 15.03.2024 till payment. Recovery Certificate issued. Recovery Officer directed to distribute proceeds from sale of mortgaged properties

Punjab Gramin Bank versus Surinder Kaur — 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: 623/2024 Date of Institution: 15.03.2024 Date of Decision: 09.07.2025

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Punjab Gramin Bank having its branches all over India and a branch at Garhshankar, Distt. Hoshiarpur, Punjab.

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……..Applicant Vs.

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Surinder Kaur w/o Sh. Ranjit Singh, r/o Village Chomon, Teh Adampur, Distt. Jalandhar, Punjab.

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……….Defendant

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Advocates

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Sh. Bhushan Bhatia through VC, Counsel for the applicant bank. Defendant- ex parte vide order dated 07.07.2025 .

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OA for the Recovery of Rs.25,10,988/- with interest @10.00% per annum with yearly rests from 15.03.2024.

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ORDER

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Punjab Gramin Bank has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.25,10,988/- with interest against Surinder Kaur (defendant).

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Bank’s case is that on 20.03.2021, it had granted a Term Loan of Rs.3.00 Lacs and a K.C.C. Limit of Rs.21.00 Lacs to the defendant for agricultural purpose. To secure the loan, Defendant had mortgaged her land (fully detailed in para No.3A of the application). The loans were chargeable to interest @10.00% per annum with yearly rests. On 14.03.2024, a sum of Rs.25,10,988/- was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this application.

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On 07.05.2024, summons was sent to the defendant by registered post, which was duly served. However, defendant did not put in appearance. Vide order dated 07.07.2025, 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. Vishal Kumar Mehandiratta, Manager along with the loan and security documents and marked them as Exhibit A-1 to A-7. 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 total loan of Rs.24.00 Lacs and on 14.03.2024, a sum of Rs.25,10,988/- was due. 6. Accordingly, the application of the bank for the recovery of Rs.25,10,988/- (Rupees Twenty Five Lacs Ten Thousand Nine Hundred Eighty Eight Only) with interest @10.00% per annum with yearly rests from 15.03.2024, 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 14.08.2025, 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: 09.07.2025 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Punjab Gramin Bank v. Surinder Kaur

Case brief

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Punjab Gramin Bank v. Surinder Kaur

Case brief

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