Allowed

Canara Bank v. Manga Singh Aulakh

DRT28 Jan 2026OA/1390/2023

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed Canara Bank's application for recovery of Rs.33.40 lacs plus interest against Manga Singh Aulakh based on an outstanding agricultural loan secured by mortgage. A recovery certificate was issued directing sale of mortgaged land.

What did the court decide?

Allowed recovery of Rs.33,40,955 with interest; issued Recovery Certificate; directed sale of mortgaged land.

Canara Bank versus Manga Singh Aulakh — Banking and Recovery | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH

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BEFORE: A S NARANG, PRESIDING OFFICER OA No: 1390/2023 Date of Institution: 28.07.2023 Date of Decision: 28.01.2026

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Canara Bank having its branches all over India and a branch at Shankar, Tehsil Nakodar, District- Jalandhar, Punjab

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……..Applicant Vs. Manga Singh Aulakh s/o Sh. Balwant Singh r/o Village- Dhuggar, Tehsil Nakodar, District- Jalandhar, Punjab

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……….Defendant

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Advocates

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Sh. KAK Davesar, Counsel for the applicant bank. Defendant- ex parte vide order dated 09.09.2024 . OA for the Recovery of Rs.33,40,955/- with interest @12.90% per annum with half-yearly rests from 28.07.2023.

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ORDER

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Canara Bank has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.33,40,955/- with interest against Sh. Manga Singh Aulakh (defendant).

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Bank’s case is that on 20.02.2016, it had granted a loan of Rs.22.25 Lacs to defendant in the form of K.C.C Limit for agricultural purpose. To secure the loan, Defendant had mortgaged his land (fully detailed in para No.3A of the application). The loan was chargeable to interest @12.90% per annum with half-yearly rests. The defendant had acknowledged his liability towards the debt on 14.08.2017, 10.06.2020 and 11.11.2022. On 28.07.2023, a sum of Rs.33,40,955.00/- was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this application.

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On 25.08.2023, summons was sent to the defendant by registered post, which was duly served. However, defendant did not put in appearance. Vide order dated 09.09.2024, he was proceeded ex parte . 4. In order to prove its case, the Bank has placed on record the affidavit of Sh. Ajay Kumar, Authorized Officer along with the loan and security documents and marked them as Exhibit A-1 to A-17. 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 Rs.22.25 Lacs and on 28.07.2023 a sum of Rs.33,40,955.00/- was due. 6. Accordingly, the application of the bank for the recovery of Rs.33,40,955/- (Rupees Thirty Three Lacs Forty Thousand Nine Hundred Fifty Five Only) with interest @12.90% per annum with halfyearly rests from 28.07.2023, 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 03.03.2026, 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: 28.01.2026 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Canara Bank v. Manga Singh Aulakh

Case brief

What is this about?

What did the court decide?

Canara Bank v. Manga Singh Aulakh

Case brief

What is this about?

What did the court decide?

What the court decided

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