Allowed

Icici Bank Limited v. Sucha Singh

DRT28 Jan 2026OA/1426/2023

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal, Chandigarh disposed of an application filed by ICICI Bank for recovery of dues of Rs. 21,95,849.15 with interest against two defendants who failed to repay an agricultural loan secured by mortgaged land. The court allowed the application and directed issuance of a recovery certificate.

What did the court decide?

Application for recovery of Rs. 21,95,849.15 with interest allowed with costs. Recovery Certificate issued.

Icici Bank Limited versus Sucha 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: 1426/2023 Date of Institution: 19.07.2023

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Date of Decision: 28.01.2026

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ICICI Bank Limited having its branches all over India and a branch at Sco.237-238, Sector-20, Panchkula.

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……..Applicant

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Sucha Singh s/o Meja Singh, R/O Village Wattu Bhatti, Zira, Ferozepur, Punjab.

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Baljinder Kaur w/o Sucha Singh, R/O Village Wattu Bhatti, Zira, Ferozepur, Punjab.

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……….Defendants

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Advocates

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Ms. Dipti Toni, Counsel for the applicant bank.

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Defendants - ex parte vide order dated 03.09.2025 .

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OA for the Recovery of Rs.21,95,849.15/- with interest @11.70% per annum with half-yearly rests from 19.07.2023.

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ORDER

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ICICI Bank Limited has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.21,95,849.15/- with interest against Sh. Sucha Singh and another (defendants).

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Bank’s case is that on 29.06.2018, it had granted a loan of Rs.13.00Lacs 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 @11.70% per annum with half-yearly rests. On 31.05.2023, a sum of Rs.21,95,849.15/- was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.

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On 05.09.2023, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not

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put in appearance. Vide order dated 03.09.2025, they were proceeded_ex_ parte.
4. In order to prove its case, the Bank has placed on record the affidavit of Sh. Parveen Kumar, Manager Legal along with the loan and security documents and marked them as Exhibit A-1 to A-9. 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.13.00 Lacs and on 31.05.2023, a sum of Rs.21,95,849.15/- was due.
6. Accordingly, the application of the bank for the recovery of
Rs.21,95,849.15/- (Rupees Twenty One Lacs Ninety Five Thousand
Eight Hundred Forty Nine and Paise Fifteen Only) with interest
@11.70% per annum with half-yearly rests from 19.07.2023, 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
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 parties.
Pronounced in the open Court. (A S Narang) Dated: 28.01.2026 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Icici Bank Limited v. Sucha Singh

Case brief

What is this about?

What did the court decide?

Icici Bank Limited v. Sucha Singh

Case brief

What is this about?

What did the court decide?

What the court decided

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