The Debts Recovery Tribunal allowed the bank's application under Section 19 of the RDB Act for recovery of a loan of ₹16.00 Lacs with accrued interest and costs, permitting recovery by sale of mortgaged and other properties.
Recovery of ₹32,70,577/- with interest @10.50% p.a. allowed with costs; Recovery Certificate issued; Direction to sale of mortgaged property.
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: 1519 of 2023 Date of Institution: 23.08.2023 Date of Decision: 19.05.2026
Punjab National Bank having its branches all over India and a branch at Dhianpur, District Gurdaspur, Punjab.
……..Applicant Vs.
Gurpreet Singh s/o Harbans Singh R/o Village Ghanie Ke bet Tehsil Dera Baba Nanak, Distt.Gurdaspur, Punjab.
……….Defendant
Advocates
Sh. Manish Luthera proxy counsel for Sh. Iqbal Mohd., Counsel for the applicant bank. Defendant - ex parte .
OA for the Recovery of ₹32,70,577/- with interest @10.50% per annum with rests from 23.08.2023.
ORDER
2
2 issues framed by the court
Whether the bank is entitled to recover the principal amount and interest due from the defendant under Section 19 of the RDB Act.
Whether the applicant has proved its case for recovery of the lodged debt.
1 provisions across 1 enactments
Punjab National Bank
Gurpreet Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
