Allowed

State Bank of India v. Sh. Kartar Singh

DRT12 Jan 2026OA/1253/2023

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the applicant bank's application for recovery of Rs.30,98,708/- with interest against two defendants. The bank proved its case of a loan and mortgage default. The court permitted recovery via sale of mortgaged land and personal property, issued a recovery certificate, and directed appearance of parties.

What did the court decide?

Recovery of Rs.30,98,708/- with interest allowed; recovery certificate issued; parties directed to appear for distribution of proceeds.

State Bank of India versus Sh. Kartar 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: 1253/2023

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Date of Institution: 24.04.2023 Date of Decision: 12.01.2026

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SBI having its branches all over India and a branch at Guruharsahai, District Ferozepur, Punjab.

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……..Applicant

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Vs.

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Sh. Kartar Singh son of Sh. Darbara Singh resident of Village Dona Mattar, Tehsil Guruharsahai, District Ferozepur, Punjab.

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Sh. Gurjeet Singh son of Sh. Kartar Singh resident of Village Dona Mattar, Tehsil Guruharsahai and District Ferozepur, Punjab.

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……….Defendants

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Advocates

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Sh. Pankaj Beri, Counsel for the applicant bank. Defendants - ex parte vide order dated 17.01.2025 .

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OA for the Recovery of Rs.30,98,708/- with interest @14.10% per annum with half-yearly rests from 24.04.2023.

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ORDER

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SBI has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.30,98,708/- with interest against Sh. Kartar Singh and another (defendants).

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Bank’s case is that on 06.07.2015, it had granted a loan of Rs.16.00 Lacs 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 No.2 stood as guarantor vide guarantee agreement dated 06.07.2015, (Annexure A-5). The loan was chargeable to interest @14.10% per annum with half-yearly rests. On 18.04.2023, a sum of Rs.30,98,708/- was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.

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3. On 07.08.2023, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 17.01.2025, they were proceeded_ex parte_.
4. In order to prove its case, the Bank has placed on record the affidavit of Sh. Aman Deep, Branch 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 Rs.16.00 Lacs and on 18.04.2023, a sum of Rs.30,98,708/- was due.
6. Accordingly, the application of the bank for the recovery of
Rs.30,98,708/- (Rupees Thirty Lacs Ninety Eight Thousand Seven Hundred Eight Only) with interest @14.10% per annum with half-yearly rests from 24.04.2023, till the date of payment is hereby allowed with costs. The liability of both 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.
7. Pending IAs, if any, stand disposed of.
8. Recovery Certificate be issued accordingly.
9. Parties are directed to appear before Recovery Officer on
12.02.2026,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: 12.01.2026 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

State Bank of India v. Sh. Kartar Singh

Case brief

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State Bank of India v. Sh. Kartar Singh

Case brief

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What did the court decide?

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