DRT allowed the bank's application under Section 19 RDB Act for recovery of Rs. 28.92 Lakhs principal and interest. The court held the defendants jointly and severally liable and directed sale of mortgaged land and crops to satisfy the dues.
Recovery of Rs. 28,92,484/- with interest; sale of mortgaged land and hypothecated crops.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 1427/2023 Date of Institution: 21.07.2023 Date of Decision: 27.01.2026
Punjab National Bank having its branches all over India and a branch at Lamba Pind Chowk, Tehsil & District Jalandhar, Punjab.
……..Applicant
Vs.
……….Defendants
Advocates
Sh. Krishan Kumar, Counsel for the applicant bank. Defendants - ex parte vide order dated 04.09.2025 .
OA for the Recovery of Rs.28,92,484/- with interest @10.90% per annum with yearly rests from 21.07.2023.
ORDER
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defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.
| 7. | Pending IAs, if any, stand disposed of. |
|---|---|
| 8. | Recovery Certificate be issued accordingly. |
| 9. | Parties are directed to appear before Recovery Officer on |
| 02.03 | **.2026,**who is directed to distribute the sale proceeds of the |
| mort | gaged land and standing crops as per the provisions of Section |
| 19(2 | 0-AB) of the Act**.** |
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2 issues framed by the court
Whether the application for recovery of overdue loan amount with interest is maintainable under Section 19 of the RDB Act.
Whether the applicants proved the advancement of loan and existence of security interests.
2 provisions across 1 enactments
Punjab National Bank
Smt. Balbir Kaur
Smt. Satinder Kaur
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
