DRT-I Chandigarh allowed the bankסּs application for recovery of Rs. 21,40,879.61 plus interest against the defendants who failed to repay a loan secured by mortgaged land.
Recovery of duessum of Rs.21,40,879.61p with interest at 9.85% per annum is allowed; recovery certificate issued; sale of mortgaged land directed.
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IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 804/2024 Date of Institution: 23.05.2024 Date of Decision: 05.07.2025
Punjab National Bank having its branches all over India and a branch at Sunaiya, Gurdaspur, Punjab.
……..Applicant
Vs.
……….Defendants
Advocates
Ms. Nisha Meena, Nodal officer for the applicant bank. Defendants- ex parte vide order dated 03.07.2025 .
OA for the Recovery of Rs.21,40,879.61p with interest @9.85% per annum with half-yearly rests from 23.05.2024.
ORDER
2
1 issue framed by the court
Whether the applicant bank is entitled to recovery of the due debt amount with interest.
2 provisions across 1 enactments
Punjab National Bank
Amrik Singh
Rajwinder Kaur
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
