Allowed

Canara Bank v. Kashmir Singh

DRT8 Apr 2026OA/1391/2023

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed Canara Bank's application for recovery of ₹24,29,942/- with interest against Kashmir Singh. The court held the bank proved its loan case permitting recovery from mortgaged and personal assets via a Recovery Officer.

What did the court decide?

Application allowed; Recovery Certificate to be issued; Recovery Officer directed to distribute sale proceeds from mortgaged and personal property.

Canara Bank versus Kashmir Singh — 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

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OA No: 1391/2023 Date of Institution: 29.07.2023 Date of Decision: 08.04.2026

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Canara Bank having its branches all over India and a branch at Behram Sarishta, District Jalandhar, Punjab.

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……..Applicant Vs.

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Kashmir Singh s/o Sh. Moola Singh, r/o H.No.41, Village Pandori Khangurhe, Tehsil and District Hoshiarpur, Punjab.

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……….Defendant

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Advocates

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Sh. Sanjiv Gupta, Counsel for the applicant bank. Defendant- ex parte vide order dated 20.02.2025 . OA for the Recovery of ₹24,29,942/- with interest @10.95% per annum with half-yearly rests from 29.07.2023.

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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 ₹24,29,942/- with interest against Sh. Kashmir Singh (defendant).

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Bank’s case is that on 23.04.2018, it had granted a loan of ₹18.00 Lacs to defendant in the form of K.C.C.S. 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 @10.95% per annum with half-yearly rests. Defendant had duly acknowledged his liability towards the debt on 19.03.2021. On 31.03.2023, a sum of ₹24,29,942/- was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this application.

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3. 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 20.02.2025, he was proceeded_ex parte_.
4. In order to prove its case, the Bank has placed on record the
affidavit of Sh. Gulshan Kumar, Authorized Officer along with the loan and security documents and marked them as Exhibit A-1 to A-14.
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
₹18.00 Lacs and on 31.03.2023, a sum of ₹24,29,942/- was due.
6. Accordingly, the application of the bank for the recovery of
₹24,29,942/- (Rupees Twenty Four Lacs Twenty Nine Thousand Nine
Hundred Forty Two Only) with interest @10.95% per annum with half- yearly rests from 29.07.2023, 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
11.05.2026,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: 08.04.2026 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Canara Bank v. Kashmir Singh

Case brief

What is this about?

What did the court decide?

Canara Bank v. Kashmir Singh

Case brief

What is this about?

What did the court decide?

What the court decided

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