Allowed

Hdfc Bank v. Jagdev Singh

DRT22 Jun 2026OA/1492/2023

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an application for recovery of dues against borrower respondents who failed to appear. The bank proved a loan advance and mortgage documents via affidavit, resulting in an order for recovery from mortgaged land and other properties.

What did the court decide?

Recovery of ₹42,96,598/- with interest allowed; Recovery Certificate issued; Order to sell mortgaged land to recover dues.

Hdfc Bank versus Jagdev 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: 1492/2023 Date of Institution: 29.07.2023 Date of Decision: 22.06.2026

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HDFC Bank Limited having its branches all over India and a branch at Sadiq, Distt. Faridkot, Punjab.

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……..Applicant

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Vs.

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Jagdev Singh s/o Sh. Balbeer Singh, r/o Village Bhawra Azan Shah, PO Khai Pheme Ke, Tehsil and Distt. Firozepur, Punjab.

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Harchand Singh s/o Sh. Balbeer Singh, r/o Village Bhawra Azam Shah, PO Khai Pheme Ke, Tehsil and Distt. Firozepur, Punjab.

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Deepo w/o Sh. Mangal Singh, r/o Village Bhawra Azam Shah, PO Khai Pheme Ke, Tehsil and Distt. Firozepur, Punjab.

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Ranjeet Singh s/o Sh. Sukhwinder Singh, r/o Village Bhawra Azan Shah, PO Khai Pheme Ke, Tehsil and Distt. Firozepur, Punjab.

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……….Defendants

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Advocates

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Ms. Sidhi Bansal proxy counsel for Sh. J.S.Sehgal, Counsel for the applicant bank.

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Mr. Gautam Kumar, Legal Manager for the Applicant bank. Defendants - ex parte .

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OA for the Recovery of ₹42,96,598/- with interest @12% per annum with half-yearly rests from 29.07.2023.

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ORDER

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HDFC Bank Limited has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of ₹42,96,598/- with interest against Sh. Jagdev Singh and others (defendants).

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Bank’s case is that on 13.10.2014, it had granted a loan of ₹38.65 Lacs to defendant Nos. 1 to 3 in the form of K.C.C Limit for agricultural

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purpose. To secure the loan, Defendant Nos.1 and 2 mortgaged their land (fully detailed in para No.3A of the application). Defendant No.4 stood as guarantor. The loan was chargeable to interest @12% per annum with half-yearly rests. On 31.03.2023, a sum of ₹42,96,598/- was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.

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On 15.09.2023, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 26.09.2024, they were proceeded ex parte .

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In order to prove its case, the Bank has placed on record the affidavit of Ms. Pooja Arora, Manager along with the loan and security documents and marked them as Exhibit A-1 to A-15. 5. I have perused the evidence on the record. Mr. Gautam Kumar, Legal Manager is present along with the original documents which have been perused by me. The same have been returned to him after perusal. I am of the considered view that the Bank has proved its case that it had advanced the loan of ₹38.65 Lacs and on 31.03.2023, a sum of ₹42,96,598/- was due.

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Accordingly, the application of the bank for the recovery of ₹42,96,598/- (Rupees Forty Two Lacs Ninety Six Thousand Five Hundred Ninety Eight Only) with interest @12% per annum with halfyearly rests from 29.07.2023, till the date of payment is hereby allowed with costs. The liability of all 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.

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Pending IAs, if any, stand disposed of. 8. Recovery Certificate be issued accordingly. 9. Parties are directed to appear before Recovery Officer on 23.07.2026, 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: 22.06.2026 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Hdfc Bank v. Jagdev Singh

Case brief

What is this about?

What did the court decide?

Hdfc Bank v. Jagdev Singh

Case brief

What is this about?

What did the court decide?

What the court decided

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