Final order directing recovery of a principal sum of Rs.38,66,787.29 along with current and future simple interest at 8% per annum and costs from the defendants in a debt recovery proceeding.
Recovery of Rs.38,66,787.29 with 8% interest and costs ordered from respondents.
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.
DEBTS RECOVERY TRIBUNAL-III, CHANDIGARH
PUNJAB NATIONAL BANK VS SH. KUNDAN SINGH AND OTHERS
Case No: ORIGINAL APPLICATION NO. 739/2024
Date…. 19TH JULY,2025
Final order pronounced. Vide separate order of even date, recovery of Rs.38,66,787.29p (Rupees Thirty Eight Lacs Sixty Six thousand Seven Hundred Eighty Seven & Twenty Nine Paise Only) from defendants with current and future simple interest @8.00%p.a. in the loan account with costs has been ordered.
Parties to appear before Recovery Officer on 26.08.2025.
Copy of this order be sent to the applicant and the defendants through registered/speed post. This order be also uploaded on the official website of this Tribunal. File be consigned to record room after due compliance.
(MRIDULESH KUMAR SINGH) Presiding Officer DRT-III, Chandigarh
Punjab National Bank
Sh. Kundan Singh and Others
Mridulesh Kumar Singh
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
