The DRT-I, Chandigarh allowed an application filed by Bank of India for recovery of outstanding dues totaling approximately 26 lakhs from the defendants, who were proceeded ex parte. The court approved the bank's claim based on filed loan and security documents.
Recovery of 26,25,629/- with interest from 30.06.2023, costs, and issuance 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.
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 1279/2023 Date of Institution: 30.06.2023 Date of Decision: 24.08.2026
Bank of India having its branches all over India and a branch at Fazilka, Punjab.
……..Applicant
Vs.
……….Defendants
Advocates
Sh. Pankaj Beri, Counsel for the applicant bank. Defendants - ex parte vide order dated 15.07.2025 .
OA for the Recovery of ₹26,25,629/- with interest from 30.06.2023.
ORDER
2
a sum of ₹26,25,629/- was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.
3
2 issues framed by the court
Whether the bank established its claim for recovery of dues under Section 19 of the RDB Act.
Whether the application for recovery of outstanding loan amount with interest was maintainable and allowable.
1 provisions across 1 enactments
Bank of India
Sh. Jaskaran Singh
Sh. Pal Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
