The Debts Recovery Tribunal allowed an application filed by Punjab Gramin Bank against Ravinder Singh for recovery of Rs. 22,14,280. The bench fixed interest at 8% p.a. and directed issuance of a Recovery Certificate.
Allowed the Original Application. Directed payment of Rs. 22,14,280 with interest @ 8% p.a. and issued 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.1314/2025
PRESIDED OVER BY MRIDULESH KUMAR SINGH
DATE OF INSTITUTION: 16.08.2025
DATE OF DECISION: 17.03.2026
Punjab Gramin Bank, a body corporate constituted under the Regional Rural Bank Act, 1976, Act no. 21 of 1976 having its Head Office at Mark Fed Road, Kapurthala, Punjab and having its branches at different places including one at Mansoorwal Dona, District Kapurthala, Punjab through its Constituted Attorney/ Manager Sh. Yuvraj Singh.
……..Applicant Versus
Sh. Ravinder Singh s/o Sh. Tara Singh, r/o VPO Mansoorwal Dona, District Kapurthala, Punjab
….……Defendant
Advocates:
Argued by Sh. Bhushan Bhatia, Advocate for applicant (through VC) Defendant already ex parte vide order dated 21.11.2025.
FINAL ORDER
2 OA/1314/2025 PUNJAB GRAMIN BANK VS. RAVINDER SINGH
Documents executed: Hypothecation Agreement dated 11.02.2012 which is Annexure A4 to this OA; Notice dated 09.09.2024, which is Annexure A6 to this OA; BC Letters all dated 23.09.2014, 30.03.2017, 28.05.2019, 15.11.2021 & 30.01.2024, which are Annexures A7, A7/1, A7/2, A7/3 & A7/4 to this OA and Statement of Account, which is Annexure A8 to this OA.
3
OA/1314/2025 PUNJAB GRAMIN BANK VS. RAVINDER SINGH
parties. Subsequently, account of the defendant was classified as NPA. From the documentary evidence brought on record, it is proved that applicant is entitled to recover a sum of Rs.22,14,280.00 (Rupees Twenty Two Lacs Fourteen Thousand Two Hundred Eighty Only) along with interest from the defendant, 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/hypothecated assets, undertaking of the defendant, 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 @08.00%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.
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OA/1314/2025 PUNJAB GRAMIN BANK VS. RAVINDER SINGH
the same by attachment and sale of personal assets of the defendant. The applicant is at liberty to enforce the claim through due process of law. 12. Any other application pending stands disposed of. 13. Issue Recovery Certificate accordingly. 14. Parties to appear before Learned Recovery Officer of this Tribunal on 07.04.2026. 15. Copy of this order be given Dasti to the applicant and be sent to defendant through registered/speed post and this order be also uploaded on the official website of this Tribunal and record be consigned. Pronounced by me in the open Tribunal . Dated: 17.03.2026 (MRIDULESH KUMAR SINGH) Presiding Officer, DRT-III, Chandigarh
1 issue framed by the court
Whether the application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 for recovery of outstanding loan amount should be allowed.
2 provisions across 2 enactments
Punjab Gramin Bank
Sh. Ravinder Singh
Mridulesh Kumar Singh
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
