The Debts Recovery Tribunal allowed Union Bank of India's application for recovery of Rs. 41,04,960/- with interest against borrowers and guarantors, ruling against them ex parte, and directed issuance of a recovery certificate.
Recovery of Rs. 41,04,960/- with interest @11.90% p.a. allowed with costs; Recovery Certificate issued.
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: 966/2023 Date of Institution: 01.05.2023 Date of Decision: 23.12.2025
Union Bank of India (erstwhile Andhra Bank) having its branches all over India and a branch at 1st Floor, Kundan Plaza, Hall Bazar, Amritsar, Punjab.
……..Applicant
Vs.
……….Defendants
Advocates
Ms. Neha Arora proxy counsel for Sh. S.K. Vyas, Counsel for the applicant bank.
Defendants - ex parte vide order dated 26.05.2025 .
OA for the Recovery of Rs.41,04,960/- with interest @11.90% per annum with half-yearly rests from 01.05.2023.
ORDER
the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the
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recovery of Rs.41,04,960/- with interest against Sh. Hardev Singh and others (defendants).
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1 issue framed by the court
Whether application for recovery of loan amount, interest and costs against borrowers and guarantors under Section 19 of RDB Act is maintainable.
2 provisions across 1 enactments
Union Bank of India
Sh. Hardev Singh
Sh. Gurdev Singh
Mrs. Jagjit Kaur
Mrs. Rajwant Kaur
Sh. Amarjit Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
