Allowed

Central Bank of India v. Shri Gurmukh Singh

DRT8 Jan 2026OA/1052/2023

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the applicant bank's application for recovery of loans totaling Rs. 60,83,966.85 plus interest and costs from the respondents. The court relied on documentary evidence proving the loan advances and dues, permitting recovery via sale of mortgaged land and personal property.

What did the court decide?

Recovery of Rs. 60,83,966.85 with interest @13.45% p.a. and Rs. 2,75,831 with interest @7.65% p.a.; issuance of Recovery Certificate; sale of mortgaged land.

Central Bank of India versus Shri Gurmukh Singh — Contract and Commercial Disputes | DRT (2026)

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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: 1052/2023 Date of Institution: 02.05.2023 Date of Decision: 08.01.2026

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Central Bank of India having its branches all over India and a branch at Circular Road, Amritsar, Punjab.

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……..Applicant

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Vs.

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Shri Gurmukh Singh son of Shri Gurdial Singh, Resident of Village and Post Office Sainsara Patti Rampura, Tehsil Ajnala, District Amritsar, Punjab.

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Shri Nirmal Singh son of Shri Gurmukh Singh, Resident of Village and Post Office Sainsara Patti Rampura, Tehsil Ajnala, District Amritsar, Punjab.

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Shri Balkar Singh son of Shri Sajjan Singh, Resident of Village and Post Office Sainsara Patti Rampura, Tehsil Ajnala, District Amritsar, Punjab.

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……….Defendants

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Advocates

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Sh. Vivek Verma, Counsel for the applicant bank. Defendants - ex parte vide order dated 14.05.2024 .

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OA for the Recovery of Rs.60,83,966.85p with interest from 02.05.2023.

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ORDER

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Central Bank of India has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.60,83,966.85p with interest against Sh. Gurmukh Singh and others (defendants).

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Bank’s case is that on 21.06.2017, it had granted a loan of Rs.35.00 Lacs to defendant Nos.1 and 2 in the form of K.C.C Limit under Central Kissan Credit Card Scheme for agricultural purpose. To secure the loan, Defendant No.1 had mortgaged his agricultural land (fully detailed in para No.3A of the application). Defendant No.3 stood as guarantor vide guarantee agreement dated 21.06.2017, (Annexure A/11). Again on

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21.01.2020, applicant bank granted FITL (Agri COVID19 Regular Package) to the defendants by converting the accumulated interest in the Crop Loan under Central Kissan Credit Card Scheme during the deferment period from 01.03.2020 to 31.08.2020 to FITL account for Rs.2,30,499/-. Both the loans were chargeable at different rates of interest. On 01.05.2023, a sum of Rs.60,83,966.85p was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.

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On 10.07.2023, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 14.05.2024, they were proceeded ex parte .

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In order to prove its case, the Bank has placed on record the affidavit of Sh. V.K. Kochhar, Chief Manager along with the loan and security documents and marked them as Exhibit A-1 to A-20. 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 loans under various schemes and on 01.05.2023, a sum of Rs.60,83,966.85p was due. 6. Accordingly, the application of the bank for the recovery of Rs.60,83,966.85p (Rupees Sixty Lacs Eighty Three Thousand Nine Hundred Sixty Six and Paise Eighty Five Only) i.e. Rs.58,08,135.85p in Central Kissan Credit Card Scheme with interest @13.45% p.a. and Rs.2,75,831/- in FITL (Agri COVID19 Regular Package) with interest @7.65% p.a. (both facilities) with half-yearly rests from 02.05.2023, 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.3A of the application as well as from the personal movable and immovable property(ies) of the defendants.

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Pending IAs, if any, stand disposed of. 8. Recovery Certificate be issued accordingly. 9. Parties are directed to appear before Recovery Officer on 10.02.2026, who is directed to distribute the sale proceeds of the mortgaged land 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: 08.01.2026 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Central Bank of India v. Shri Gurmukh Singh

Case brief

What is this about?

What did the court decide?

Central Bank of India v. Shri Gurmukh Singh

Case brief

What is this about?

What did the court decide?

What the court decided

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