Allowed

Punjab National Bank (Oriental Bank of Commerce) v. Sh. Pardeep Singh

DRT20 Feb 2026OA/1368/2023

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the applicant bank's application under Section 19 of the RDB Act for recovery of ₹29,00,135.42p with interest due from two defendants who failed to repay a loan secured by mortgaged agricultural land, directing the sale of the land.

What did the court decide?

Recovery of ₹29,00,135.42p with interest allowed; Recovery Certificate issued; Sale of mortgaged land and standing crops directed.

Punjab National Bank (Oriental Bank of Commerce) versus Sh… — Company and Corporate | DRT (2026)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH

¶2

BEFORE: A S NARANG, PRESIDING OFFICER

¶3

OA No: 1368/2023

¶4

Date of Institution: 16.07.2023 Date of Decision: 20.02.2026

¶5

Punjab National Bank (erstwhile Oriental Bank of Commerce) having its branches all over India and a branch at Dharar, Amritsar, Punjab.

¶6

……..Applicant

¶7

Vs.

¶8

Sh. Pardeep Singh s/o Sh. Mahinder Singh, r/o Village Bhaini Sidhwan, Jahangir, District Amritsar, Punjab.

¶9

Sh. Mohinder Singh s/o Sh. Atma Singh, r/o Village Bhaini Sidhwan, Jahangir, District Amritsar, Punjab.

¶10

……….Defendants

¶11

Advocates

¶12

Sh. Manish Singla, Counsel for the applicant bank. Defendants - ex parte vide order dated 12.08.2025 .

¶13

OA for the Recovery of ₹29,00,135.42p with interest @10.50% per annum with half-yearly rests from 16.07.2023.

¶14

ORDER

¶15

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 ₹29,00,135.42p with interest against Sh. Pardeep Singh and another (defendants).

¶16

Bank’s case is that on 08.03.2016, it had granted a loan of ₹21.00Lacs to defendants in the form of K.C.C Limit for agricultural purpose. To secure the loan, Defendant No.1 had mortgaged his agricultural land (fully detailed in para No.3A of the application). The loan was chargeable to interest @10.50% per annum with half-yearly rests. Defendants had duly acknowledged their liability towards the debt on 25.05.2018 and 31.03.2021. On 29.03.2023, a sum of ₹29,00,135.42p was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.

¶17

¶18

On 23.08.2023, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 12.08.2025, they were proceeded ex parte . 4. In order to prove its case, the Bank has placed on record the affidavit of Sardar Perminder Singh, Manager along with the loan and security documents and marked them as Exhibit A-1 to A-10. 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 ₹21.00Lacs and on 29.03.2023, a sum of ₹29,00,135.42p was due. 6. Accordingly, the application of the bank for the recovery of ₹29,00,135.42p (Rupees Twenty Nine Lacs One Hundred Thirty Five and Paise Forty Two Only) with interest @10.50% per annum with halfyearly rests from 16.07.2023, 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 02.04.2026, 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 parties. Pronounced in the open Court. (A S Narang) Dated: 20.02.2026 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Punjab National Bank (Oriental Bank of Commerce) v. Sh. Pardeep Singh

Case brief

What is this about?

What did the court decide?

Punjab National Bank (Oriental Bank of Commerce) v. Sh. Pardeep Singh

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

Similar cases

Thanooja Kappil versus Urban Co. operative Bnak Ltd.

Union Bank of India versus M/s Singla Trading Company

Icici Bank Limited versus Satwant Singh

Punjab National Bank versus Sh. Amit Doda

Punjab National Bank versus Sampuran Singh

Ms Balya Cements Pvt. Ltd. versus Canara Bank