Bank of India v. Surjeet Kumar
Case brief
What is this about?
The Debts Recovery Tribunal allowed the bank to recover ₹22,67,010 along with interest against the defendants, holding that the bank had proved its loan advance and outstanding dues.
What did the court decide?
Recovery of ₹22,67,010 with interest at 13% per annum allowed; Recovery Certificate issued.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 1102/2024 Date of Institution: 31.07.2024 Date of Decision: 01.09.2026
Bank of India having its branches all over India and a branch at Abohar Road, Fazilka, Distt. Fazilka Punjab.
……..Applicant
Vs.
- Surjeet Kumar s/o Sh. Hajari Ram, r/o village Bodi Wala Pitha, Tehsil & District Fazilka, Punjab.
- Naveen Kumar s/o Sh. Rajinder Kumar, r/o village Bodi Wala Pitha, Tehsil & District Fazilka, Punjab.
……….Defendants
Advocates
Sh. R.K. Pasricha, Counsel for the applicant bank. Defendants - ex parte vide order dated 21.02.2025 .
Issues for consideration
1 issue framed by the court
Whether the applicant bank was entitled to recovery of outstanding dues along with interest under Section 19 of the RDB Act.
Parties & counsel
- applicant
Bank of India
Coram
A S Narang
Case details
As recorded by the court registry
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