Allowed

Punjab National Bank v. Sh. Baltar Singh

DRT19 Feb 2026OA/1276/2023

Case brief

AI extract

What is this about?

DT-I, Chandigarh allowed Punjab National Bank's application under Section 19 of RDB Act for recovery of ₹24,77,757.56 with interest against the defendant who failed to repay an agricultural KCC loan, directing sale of mortgaged land and issuance of recovery certificate.

What did the court decide?

Recovery of ₹24,77,757.56 with interest allowed; sale of mortgaged land and recovery from other property directed; Recovery Certificate issued.

Punjab National Bank versus Sh. Baltar Singh — Money Laundering | 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: 1276/2023 Date of Institution: 24.06.2023 Date of Decision: 19.02.2026 Punjab National Bank having its branches all over India and a branch at Balluana, Tehsil Abohar, District Fazilka, Punjab. ……..Applicant Vs. Sh. Baltar Singh s/o Sh. Sukhdev Singh, r/o Village Murad Wala Dal Singh, Tehsil and District Fazilka, Punjab. 2^nd Address: Street No. 1, II Chowk Ekta Colony Abohar District Fazilka, Punjab. ……….Defendant Advocates Ms. Lovedeep Kaur proxy counsel for Sh. Pankaj Beri, Counsel for the applicant bank. Defendant- ex parte vide order dated 12.08.2025 . OA for the Recovery of ₹24,77,757.56p with interest @12.25% per annum with half-yearly rests from 24.06.2023.

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ORDER 1. Punjab National Bank has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of ₹24,77,757.56p with interest against Sh. Baltar Singh (defendant). 2. Bank’s case is that on 23.09.2014, it had granted a loan of ₹15.00 Lacs to defendant in the form of K.C.C Limit for agricultural purpose. To secure the loan, Defendant had mortgaged his agricultural land (fully detailed in para No.3A of the application). The loan was chargeable to interest @12.25% per annum with half-yearly rests. On 15.06.2023, a sum of ₹24,77,757.56p was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this application.

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3. On 09.08.2023, summons was sent to the defendant by registered
post, which was duly served. However, defendant did not put in
appearance. Vide order dated 12.08.2025, he was proceeded_ex parte_.
4. In order to prove its case, the Bank has placed on record the
affidavit of Sh. Rakesh Valecha, 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 ₹15.00 Lacs and on 15.06.2023, a sum of ₹24,77,757.56p was due.
6. Accordingly, the application of the bank for the recovery of
₹24,77,757.56p (Rupees Twenty Four Lacs Seventy Seven Thousand
Seven Hundred Fifty Seven and Paise Fifty Six Only) with interest @12.25% per annum with half-yearly rests from 24.06.2023, 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
01.04.2026,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: 19.02.2026 Presiding Officer DRT-1, Chandigarh

Punjab National Bank v. Sh. Baltar Singh

Case brief

What is this about?

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Punjab National Bank v. Sh. Baltar Singh

Case brief

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What did the court decide?

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