Allowed

Canara Bank v. Kulwinder Singh

DRT20 Feb 2026OA/1432/2024

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the applicant bank's application under the RDB Act for the recovery of ₹33,79,792/- and interest against the defendant, who failed to appear. The court directed the recovery through the sale of mortgaged land and other properties by issuing a Recovery Certificate.

What did the court decide?

Recovery of ₹33,79,792/- plus interest @11.20% per annum with half-yearly rests from 18.09.2024 via the sale of mortgaged land.

Canara Bank versus Kulwinder Singh — Contract and Commercial Disputes | 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: 1432/2024 Date of Institution: 18.09.2024 Date of Decision: 20.02.2026

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Canara Bank having its branches all over India and a branch at Opposite Kesar Cinema Dinanagar, District Gurdaspur

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……..Applicant Vs.

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Kulwinder Singh s/o Sh. Kashmir Singh, r/o Village Raj Parura, P.O. Sarna District Pathankot, Punjab.

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……….Defendant

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Advocates

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Ms. Parvinder Kaur, Counsel for the applicant bank. Defendant- ex parte vide order dated 11.08.2025 .

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OA for the Recovery of ₹33,79,792/- with interest @11.20% per annum with half-yearly rests from 18.09.2024.

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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 ₹33,79,792/- with interest against Sh. Kulwinder Singh (defendant).

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Bank’s case is that on 25.06.2019, it had granted a loan of ₹20.00Lacs 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 @11.20% per annum with half-yearly rests. Defendant had duly acknowledged his liability towards the debt on 22.06.2022. On 31.03.2024, a sum of ₹33,79,792/- was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this application.

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On 10.10.2024, summons was sent to the defendant by registered post, which was duly served. However, defendant did not put in appearance. Vide order dated 11.08.2025, he was proceeded ex parte . 4. In order to prove its case, the Bank has placed on record the affidavit of Sh. Rahul Mahajan, Manager 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 ₹20.00 Lacs and on 31.03.2024, a sum of ₹33,79,792/- was due. 6. Accordingly, the application of the bank for the recovery of ₹33,79,792/- (Rupees Thirty Three Lacs Seventy Nine Thousand Seven Hundred Ninety Two Only) with interest @11.20% per annum with halfyearly rests from 18.09.2024, 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 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 party. Pronounced in the open Court. (A S Narang) Dated: 20.02.2026 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Canara Bank v. Kulwinder Singh

Case brief

What is this about?

What did the court decide?

Canara Bank v. Kulwinder Singh

Case brief

What is this about?

What did the court decide?

What the court decided

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