Allowed

Punjab National Bank v. Sh Laljit Singh

DRT18 Dec 2025OA/81/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an application filed by Punjab National Bank for recovery of dues aggregating Rs.33,35,055/ along with interest. The court found the bank proved its case of advancing a loan secured by mortgage and directed issuance of a recovery certificate.

What did the court decide?

Application for recovery of Rs.33,35,055/- with interest allowed; recovery certificate issued; proceedings for sale of mortgaged property directed.

Punjab National Bank versus Sh Laljit Singh — 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: 81 of 2022 Date of Institution: 14.12.2021 Date of Decision: 18.12.2025

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Punjab National Bank having its branches all over India and a branch at G.T. Road, Kartarpur, District Jalandhar, Punjab.

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……..Applicant

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Vs.

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Sh. Laljit Singh s/o Sh. Jagtar Singh r/o Village Passan, Post Officer Rahimpur, Tehsil Kartarpur, District Jalandhar, Punjab.

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Smt. Manjit Kaur w/o Sh. Laljit Singh r/o Village Passan, Post Officer Rahimpur, Tehsil Kartarpur, District Jalandhar, Punjab.

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……….Defendants

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Advocates

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Ms. Ashmita Goel proxy counsel for Gautum Bhradwaj, Counsel for the applicant bank.

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Defendants - ex parte .

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OA for the Recovery of Rs.33,35,055/- with interest @8.85% per annum with half-yearly rests from 14.12.2021.

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ORDER

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Punjab National Bank (Bank) has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.33,35,055/- with interest against Sh. Laljit Singh and another (defendants).

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Bank’s case is that on 28.05.2013, it had granted a loan of Rs.20.00Lacs to defendants in the form of C.C Limit for agricultural purpose. To secure the loan, Defendant no. 1 had mortgaged his agricultural land (fully detailed in para No.5.6 of the application). The loan was chargeable to interest @8.85% per annum with half-yearly rests. The defendants had acknowledged the liability towards the debt on 04.12.2016 and 15.11.2018. On 31.10.2021, a sum of Rs.33,35,055/- was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.

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3. On 05.04.2022, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not
put in appearance. Vide order dated 10.05.2024, they were proceeded_ex_ parte.
4. In order to prove its case, the Bank has placed on record the
affidavit of Mr. Suirnder Kumar, Branch 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 loan of Rs.20.00Lacs and on 31.10.2021, a sum of Rs.33,35,055/- was due.
6. Accordingly, the application of the bank for the recovery of
Rs.33,35,055/- (Rupees Thirty Three Lacs Thirty Five Thousand and Fifty
Five Only) with interest @8.85% per annum with half-yearly rests from
14.12.2021, till the date of payment is hereby allowed with costs. The liability of all the defendants would be joint and several. Bank can recover its dues by the sale of mortgaged land fully detailed in para No.5.6) 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
22.01.2026,who is directed to distribute the sale proceeds of the
mortgaged property(ies) 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 parties.
Pronounced in the open Court. (A S Narang) Dated: 18.12.2025 Presiding Officer (Law Researcher) DRT-1, Chandigarh

Punjab National Bank v. Sh Laljit Singh

Case brief

What is this about?

What did the court decide?

Punjab National Bank v. Sh Laljit Singh

Case brief

What is this about?

What did the court decide?

What the court decided

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