Proceedings under Section 19 of the RDB Act for recovery of dues. The Tribunal allowed the bank's application for the recovery of a loan amount along with interest and directed the issuance of a Recovery Certificate and sale of mortgaged property.
Recovery of ₹31,78,244.25 plus interest; issuance of Recovery Certificate; direction to sell mortgaged property.
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IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 135/2025 Date of Institution: 20.01.2025 Date of Decision: 11.02.2026
Canara Bank having its branches all over India and a branch at Ranjit Avenue, Amritsar, Distt. Amritsar, Punjab.
……..Applicant Vs. Major Singh son of Sh. Mukhtar Singh, Resident of Village Muhwa, P.O. Attari, Tehsil and District. Amritsar, Punjab.
……….Defendant
Advocates Sh. Aseem Kataria, Counsel for the applicant bank. Defendant- ex parte vide order dated 30.07.2025 . OA for the Recovery of ₹31,78,244.25p with interest @11.05% per annum with half-yearly rests from 20.01.2025.
ORDER
2
MANOJ KALRA
1 provisions across 1 enactments
Canara Bank
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
