The DRT allowed an Original Application filed by Punjab Gramin Bank against borrowers for recovery of a banking loan classified as NPA. The Tribunal fixed interest at 8% per annum and directed issuance of a Recovery Certificate.
Directing the defendants to pay Rs.26,36,263/- along with interest at 8% p.a. and directing issue of Recovery Certificate.
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
ORIGINAL APPLICATION NO.873/2025
PRESIDED OVER BY MRIDULESH KUMAR SINGH
DATE OF INSTITUTION: 23.06.2025
DATE OF DECISION: 28.10.2025
Punjab Gramin Bank, a body corporate constituted under the Regional Rural Bank Act 1976, Act No 21 of 1976, having its Head Office at Markfed Road, Kapurthala (Punjab) and having its branches at different places including one at Kirtowal, District Tarn Taran (Punjab) through its Constituted Attorney/ Manager Sh. Devendra Kumar Meena.
……..Applicant
Versus
Pati Budha Ki, Tehsil Patti, District Tarn Taran (Pb).
Pati Budha Ki, Tehsil Patti, District Tarn Taran (Pb)
………Defendants
Advocates:
Present: Ms. Seerat Sharma, Advocate proxy for Sh. Bhushan Bhatia, Advocate for the applicant
Defendants already ex-parte
FINAL ORDER
Annexure A1 to this OA.
2 OA NO.873/2025
PUNJAB GRAMIN BANK VS SMT. RAMANJIT KAUR AND ANOTHER
Applications dated 22.01.2016, which is Annexure A2 to this OA. Thereafter, the defendants approached another Loan of Rs. 1.50 Lacs for Animal Husbandry vide loan application dated 25.06.2020, which is Annexure A2/1 to this OA.
Documents executed :- Hypothecation agreements dated 02.02.2016 & 03.07.2020, which are Annexures A4, A4/1 to this OA; Notice dated 04.05.2024, which is Annexure A6 to this OA; BC Letter dated 25.05.2018, 31.12.2020, 21.11.2023 & 26.06.2023, which is Annexure A7, A7/1, A7/2, A7/3 to this OA and Statement of accounts along with Certificate, which is Annexure A8 to this OA. 5. The loan accounts became irregular and were classified as NPA and after adjusting debit and credit entries in loan accounts there was a debit of Rs.26,36,263.00P, which is recoverable and the defendants were served recall notice but defendants did not repay the outstanding amount, therefore, the applicant requested to accept the application and to issue Recovery Certificate accordingly.
3 OA NO.873/2025 PUNJAB GRAMIN BANK VS SMT. RAMANJIT KAUR AND ANOTHER
4
OA NO.873/2025
PUNJAB GRAMIN BANK VS SMT. RAMANJIT KAUR AND ANOTHER
both the loan accounts from the date of filing of the OA till realization of the amount ordered vide this final order. It is ordered accordingly.
12. Any other application pending stands disposed of .
Pronounced by me in the open Tribunal . Dated: 28.10.2025
(MRIDULESH KUMAR SINGH) Presiding Officer, DRT-III, Chandigarh
3 issues framed by the court
Whether the applicants are entitled to recover the outstanding loan amount along with interest from the defendants.
Whether the defendants are liable to pay interest on the arrears and future dues at a rate determined by the Tribunal.
Whether the Recovery Certificate can be issued and execution proceedings initiated against the mortgaged properties.
2 provisions across 2 enactments
PUNJAB GRAMIN BANK
SMT. RAMANJIT KAUR
SH. HARINDER SINGH
MRIDULESH KUMAR SINGH
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
