The Debt Recovery Tribunal allowed an applicant's claim for recovery of Rs. 21,89,588.00 as outstanding home loan dues from deceased borrowers and their legal heirs, declaring them jointly liable with future interest.
Recovery of Rs. 21,89,588.00 along with interest @8.00%p.a. from defendants jointly and severally; issue of Recovery Certificate.
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.
DEBTS RECOVERY TRIBUNAL-III, CHANDIGARH
ORIGINAL APPLICATION NO.1217/2024
PRESIDED OVER BY MRIDULESH KUMAR SINGH
DATE OF INSTITUTION: 30.09.2024
DATE OF DECISION: 09.02.2026
State Bank of India, a body corporate, constituted under the State Bank of India Act, 1955, and having its Central office at Madam Cama Road, Nariman Point, Mumbai and one of its Local Head office at Sector 17, Chandigarh and Branches all over India including one at SBI, SARB, SCO No.15, First & Second Floor, Madhya Marg, Sector -7 Chandigarh, through its Chief Manager Sh. Varun Kumar.
……..Applicant
3rd Address: House No. 575, Dashmesh Colony, Lohgarh, Zirakpur, District S.A.S Nagar (Punjab)
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OA NO.1217/2024 STATE BANK OF INDIA VS SANTRAN DEVI THROUGH HER LEGAL HEIRS AND OTHERS
………. Defendants
Advocates:
Argued by Sh. Sonia Gupta, Advocate for the applicant
Defendants already ex-parte vide order dated 29.04.2025
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OA NO.1217/2024 STATE BANK OF INDIA VS SANTRAN DEVI THROUGH HER LEGAL HEIRS AND OTHERS
FINAL ORDER
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OA NO.1217/2024 STATE BANK OF INDIA VS SANTRAN DEVI THROUGH HER LEGAL HEIRS AND OTHERS
Documents executed: Loan Agreement with Consent Letter, Undertaking dated 11.09.2014, which are Annexures A4 and A5 to this OA; Legal Notice dated 23.08.2024, which is Annexure A8 to this OA; Notice dated 14.08.2024 u/s 13(2) of SARFAESI Act, which is Annexure A9 to this OA; Statement of Account, which is Annexure A10 to this OA.
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OA NO.1217/2024 STATE BANK OF INDIA VS SANTRAN DEVI THROUGH HER LEGAL HEIRS AND OTHERS
Nine Thousand Five Hundred and Eighty Eight Only) along with interest from the defendants, jointly and severally, from the date of filing of the present Original Application till realization of the account.
The Tribunal is of the considered opinion that sometimes in appropriate cases the prerogative of mercy is the brightest jewel in the crown of the Judge. Keeping in view the facts and circumstances of the instant case including nature of the mortgaged property, undertaking of the defendants, quantum of loan and prevalent market rates of interest which have gone drastically downhill in yester years, while exercising the discretion vested in this Tribunal, this Tribunal deems it just and appropriate to grant uniform simple interest @8.00%p.a. in the loan account from the date of filing of the OA till realization of the amount ordered vide this final order. It is ordered accordingly.
12. Any other application pending stands disposed of .
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OA NO.1217/2024 STATE BANK OF INDIA VS SANTRAN DEVI THROUGH HER LEGAL HEIRS AND OTHERS
Pronounced by me in the open Tribunal .
Dated: 09.02.2026.
(MRIDULESH KUMAR SINGH)
Presiding Officer,
DRT-III, Chandigarh
2 issues framed by the court
Whether the defendant's failure to repay the home loan amounts due to default and NPA classification.
Whether the Tribunal should adjudge the defendants liable to pay the outstanding principal and interest jointly and severally.
2 provisions across 2 enactments
State Bank of India
Smt. Santran Devi (through Legal Heirs)
Sh. Amrit Singh (through Legal Heirs)
Ms. Geeta Alhan
Sh. Sandeep Singh
Sh. Hardeep Singh
Mridulesh Kumar Singh
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
