Allowed

Canara Bank v. Mr Nirmal Singh

DRT12 May 2026OA/114/2023

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an application filed by Canara Bank for recovery of ₹31.69 Lakhs with interest against Mr. Nirmal Singh, finding that the bank proved its case based on loan documents and an affidavit. The order authorized recovery via sale of mortgaged land and other properties.

What did the court decide?

Recovery of ₹31,69,836/- with interest @11.50% p.a.; issuance of Recovery Certificate; sale of mortgaged land and personal assets.

Canara Bank versus Mr Nirmal 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 OA No: 114/2023 Date of Institution: 20.12.2022 Date of Decision: 12.05.2026

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Canara Bank having its branches all over India and a branch at VPO Pandori-Khas, Tehsil Nakodar, District Jalandhar, Punjab. ……..Applicant Vs. Mr. Nirmal Singh s/o Sh. Mohan Singh, r/o Village Gobindpur, Tehsil Nakodar, (Mehatpur) District Jallandhar, Punjab.

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……….Defendant

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Advocates

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Sh. Omkar Gupta, Counsel for the applicant bank. Defendant- ex parte vide order dated 16.07.2025 . OA for the Recovery of ₹31,69,836/- with interest @11.50% per annum with half-yearly rests from 20.12.2022.

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ORDER

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Canara Bank has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of ₹31,69,836/- with interest against Mr. Nirmal Singh (defendant).

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Bank’s case is that on 01.10.2019, it had granted a loan of ₹22.50 Lacs to defendant in the form of K.C.C Limit for agricultural purpose. To secure the loan, Defendant had mortgaged his land (fully detailed in para No.3A of the application). The loan was chargeable to interest @11.50% per annum with half-yearly rests. Defendant had duly acknowledged his liability towards the debt on 25.05.2022. On 25.11.2022, a sum of ₹31,69,836/- was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this application.

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On 27.01.2023, summons was sent to the defendant by registered post, which was duly served. However, defendant did not put in appearance. Vide order dated 16.07.2025, he was proceeded ex parte . 4. In order to prove its case, the Bank has placed on record the affidavit of Sh. Shekhar Kumar, Manager along with the loan and security documents and marked them as Exhibit A-1 to A-8. 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 loan of ₹22.50 Lacs and on 25.11.2022, a sum of ₹31,69,836/- was due. 6. Accordingly, the application of the bank for the recovery of ₹31,69,836/- (Rupees Thirty One Lacs Sixty Nine Thousand Eight Hundred Thirty Six Only) with interest @11.50% per annum with halfyearly rests from 20.12.2022, till the date of payment is hereby allowed with costs. 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 defendant. 7. Pending IAs, if any, stand disposed of. 8. Recovery Certificate be issued accordingly. 9. Party is directed to appear before Recovery Officer on 16.06.2026, 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 party. Pronounced in the open Court. (A S Narang) Dated: 12.05.2026 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Canara Bank v. Mr Nirmal Singh

Case brief

What is this about?

What did the court decide?

Canara Bank v. Mr Nirmal Singh

Case brief

What is this about?

What did the court decide?

What the court decided

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