Debts Recovery Tribunal allowed an application by Punjab National Bank to recover Rs. 27,51,693.38 plus interest from Manjit Singh, who defaulted on a loan. The court ordered sale of mortgaged land via the Recovery Officer.
Application allowed for recovery of Rs. 27,51,693.38 with interest. Recovery Certificate to be issued. Land and personal assets to be sold.
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.
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 935/2023 Date of Institution: 01.05.2023 Date of Decision: 14.07.2025
Punjab National Bank having its branches all over India and a branch at Circle Sastra Centre, Pathankot, Punjab.
……..Applicant Vs.
Manjit Singh s/o Harbhajan Singh, r/o #273, Village Pandori, Tehsil Batala, District Gurdaspur, Punjab.
…….Defendant
Advocates
Sh. Rohit Kumar, Manager, Applicant bank. Defendant- ex parte vide order dated 23.09.2024 .
OA for the Recovery of Rs.27,51,693.38p with interest @11.50% per annum with yearly rests from 01.05.2023.
ORDER
2
Pronounced in the open Court. (A S Narang) Dated: 14.07.2025 Presiding Officer DRT-1, Chandigarh MANOJ KALRA
1 issue framed by the court
Whether the application for recovery of dues under Section 19 of the RDB Act was maintainable given the default in repayment.
2 provisions across 1 enactments
Punjab National Bank
Manjit Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
