Allowed

Bank of India v. Taranjeet Singh

DRT23 Apr 2026OA/1200/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the applicant bank's application under Section 19 of the RDB Act for recovery of dues from the defendants. The court permitted recovery via sale of mortgaged land and assigned the proceedings to the Recovery Officer.

What did the court decide?

Application for recovery of dues allowed with costs; Recovery Certificate issued; proceedings directed to Recovery Officer.

Bank of India versus Taranjeet Singh — Banking and Recovery | 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: 1200 of 2022 Date of Institution: 07.06.2022 Date of Decision: 23.04.2026

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Bank of India having its branches all over India and a branch at Goraya, Jalandhar, Punjab.

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……..Applicant

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Vs.

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Taranjeet Singh s/o Sh. Swaran Singh r/o VPO Chachrari, Tehsil Phillaur, District Jalandhar, Punjab.

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Kashmir Singh alias Kachhmeer Singh s/o Gurdial Singh r/o VPO Chachrari, Tehsil Phillaur, District Jalandhar, Punjab.

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Nirmal Pal Singh s/o Sh. Chanan Ram r/o G.T. Road, Near Radio Station, Gohawar, Tehsil Phillaur, District Jalandhar, Punjab.

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……….Defendants

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Advocates

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Ms. Navita proxy counsel for Sh. R.S. Badhran, Counsel for the applicant bank. Defendants - ex parte .

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OA for the Recovery of ₹23,24,253.01p with interest @14% per annum with half-yearly rests from 07.06.2022.

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ORDER

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Bank of India (Bank) has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of ₹23,24,253.01p with interest against Sh. Taranjeet Singh and others (defendants).

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Bank’s case is that on 25.09.2012, it had granted a loan of ₹15.00Lacs to defendant no. 1 in the form of K.C.C. Limit for agricultural purpose. To secure the loan, Defendant no.1 had mortgaged his land (fully detailed in para No.3A of the application). Defendant nos. 2 and 3 stood as the guarantor. The loan was chargeable to interest

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@14% per annum with half-yearly rests. The defendant/s had acknowledged the liability towards the debt on 31.12.2019. On 29.04.2022, a sum of ₹23,24,253.01p was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.

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On 07.07.2022, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 16.02.2023, they were proceeded ex parte .

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In order to prove its case, the Bank has placed on record the affidavit of Mr. Ashok Kumar, Authorised Officer along with the loan and security documents and marked them as Exhibit A-1 to A-25.

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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 ₹15.00Lacs and on 29.04.2022, a sum of ₹23,24,253.01p was due.

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Accordingly, the application of the bank for the recovery of ₹23,24,253.01p (Rupees Twenty Three Lacs Twenty Four Thousand Two Hundred and Fifty Three and One Paise Only) with interest @14% per annum with half-yearly rests from 07.06.2022, 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.

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Recovery Certificate be issued accordingly.

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Parties are directed to appear before Recovery Officer on

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27.05.2026, who is directed to distribute the sale proceeds of the

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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: 23.04.2026 Presiding Officer DRT-1, Chandigarh (Law Researcher)

Bank of India v. Taranjeet Singh

Case brief

What is this about?

What did the court decide?

Bank of India v. Taranjeet Singh

Case brief

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What did the court decide?

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